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ER - Drillisch AG: 9M 2012 - all targets achieved and exceeded. Confirmation of the dividend policy; additional leap in EBITDA 2013 by a further 10% to 15% expected

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 News Details

Ad-hoc | 8 November 2012 22:10

#   

Drillisch AG: 9M 2012 – all targets achieved and exceeded. Confirmation of the dividend policy; additional leap in EBITDA 2013 by a further 10% to 15% expected

**Drillisch AG  / Key word(s): Quarter Results/Quarter Results**

08.11.2012 22:10

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Drillisch AG: 9M 2012 - all targets achieved and exceeded. Confirmation of
the dividend policy; additional leap in EBITDA 2013 by a further 10% to 15%
expected

Highlights 9M-2012
  - Service revenues rises by EUR4.5m to EUR227.0m (+2.0% in comparison
    with previous year)

  - EBITDA rises by EUR8.6m to EUR47.3m (+22.1% in comparison with previous
    year)

  - EBITDA margin increases by 3.6 percentage points to 19.3 percent

  - Gross profit rises by EUR5.6m to EUR78.7m (+7.7% in comparison with
    previous year)

  - MVNO customer 1.389m (+124% in comparison with the previous year)

Maintal 8 November 2012 - Drillisch AG (ISIN DE 0005545503) increased
significantly its earning power during the first nine months of fiscal year
2012, achieving and exceeding all of its targets. Our customers, especially
our MVNO subscribers, are the drivers of this operational success. MVNO
subscribers increased from 620k by 124% to 1.389 million.

Per 30 September, the postpaid base had grown by 199,000 to 1.652 million
subscribers, an increase of 13.7% in comparison with the same period last
year (9M 2011: 1.453 million subscribers). The prepaid subscriber segment
was reduced as planned to 254,000 (9M 2011: 1.140 million subscribers).
This figure includes the sale of about 450,000 subscribers to Congstar in
the first half of 2012. As a consequence, the share of the postpaid
subscribers rose by 30.7 percentage points to 86.7% (9M 2011: 56.0%) in the
year-on-year comparison.

Service revenue increased by 2.0% or EUR4.5 million to EUR227.0 million
(previous year: EUR222.4 million). These prepaid customers sold to Congstar
were fully included in 9M 2011 but only counted until mid May of 2012. With
this effect and the reduction of other revenues, the whole revenue number
changed only slightly and came to EUR244.7 million (previous year: EUR247.0
million).

Gross profit improved by 7.7% to EUR78.7 million (previous year: EUR73.1m).
The gross profit margin increased by 2.6 percentage points to 32.2%
(previous year: 29.6%).

The EBITDA (earnings before interest, taxes, depreciation and amortisation)
amounted to EUR47.3 million (previous year: EUR38.7m), an increase by 22.1%
(EUR8.6 million) in comparison with the corresponding value of the previous
year. EBITDA margin increased by 3.6 percentage points to 19.3% (previous
year: 15.7%).

In the third quarter, the development was the following:

Service revenue in Q3 2012 amounted to EUR72.0 million. There was a decline
by 5.9% (EUR4.5 million) in comparison with the same period last year (Q3
2011: EUR76.5m). When adjusted for the sale of prepaid subscribers, there
was an increase by EUR2.5 million or 3.6% (Q3 2011: adjusted EUR69.5
million).

Gross profit in Q3 came to EUR27.4 million; compared to Q3 2011, this is an
increase by 5.5% (EUR1.4 million) over Q3 2011 (EUR26.0m). The gross profit
margin reached 35.5% (Q3 2011: 30.0%).

The EBITDA in Q3 2012 amounted to EUR14.1 million, an improvement of 8.1%
over Q3 2011 (EUR13.1m). The EBITDA margin improved by 3.2 percentage
points from 15.1% to 18.3%.

Forecast 2012 and 2013:
The operating business of Drillisch AG continues to develop steadily in a
positive direction. The Management Board has confirmed the increased
forecast for the adjusted EBITDA in 2012 to the amount of EUR60 million to
EUR61 million or an increase of ca. 17% compared with the previous year.
(EBITDA 2011: EUR51.4).
The planning for fiscal year 2013 is based on a further increase in the
EBITDA of about 10% to 15% to EUR67 million to EUR70 million and
simultaneous growth in the MVNO clientele.

Dividends and stock repurchase programme 
On 13 September 2012, we made the decision, based on the authorisation
granted by the Annual General Meeting, to carry out a stock repurchase
programme encompassing as much as 10% of the share capital. As many as 3.8
million shares will be repurchased and added to the approximately 1.5
million shares of treasury stock already held by the Company. Per 8
November 2012, we had repurchased a total of 5.56% or 2,954,739 shares of
our own stock.

Based on our budget planning and subject to the approval of the managing
bodies and the Annual General Meeting, we believe a dividend of the same
level as last year (EUR0.70, as a minimum) will be possible. The objective
of our dependable dividend policy and the stock repurchase programme is to
enable our shareholders to participate in the Company's success.

Provisional performance indicators of Drillisch Group for the first nine
months of 2012

In EURm                          30/09/2012     30/09/2011     Change in %
Revenue                          244.7          247.0          -0.9%      
Service revenue                  227.0          222.4          +2.0%      
Gross profit                     78.7           73.1           +7.7%      
Gross profit margin in %         32.2%          29.6%                     
EBITDA                           47.3           38.7           +22.1%     
EBITDA margin in %               19.3%          15.7%                     
Subscribers (millions)           1.906          2.593          -26.5%     
thereof postpaid subscribers     1.652          1.453          +13.7%     
thereof MVNO subscribers         1.389          0.620          +124.0%    

Provisional performance indicators of Drillisch Group for Q3 2012

In EURm                       Q3 2012    Q3 2011    Change in %    Q2 2012
Revenue                       77.1       86.6       -11.0%         83.4   
Service revenue (adjusted)    72.0       69.5       +3.6%          79.6   
Gross profit                  27.4       26.0       +5.5%          23.6   
Gross profit margin in %      35.5%      30.0%                     28.3%  
EBITDA                        14.1       13.1       +8.1%          18.4   
EBITDA margin in %            18.3%      15.1%                     22.0%  

You can view the complete 9-month report by clicking on the following link
from 9 November
http://www.drillisch.de/index.php?page=berichte&group=investor:berichte

Maintal, 8 November 2012

Drillisch AG
The Management Board




Contact:
Oliver Keil
Head of Investor Relations
Mail: ir@drillisch.de


08.11.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Drillisch AG
              Wilhelm-Röntgen-Straße 1-5
              63477 Maintal
              Germany
Phone:        +49 (0)6181 412 200
Fax:          +49 (0)6181 412 183
E-mail:       ir@drillisch.de
Internet:     www.drillisch.de
ISIN:         DE0005545503
WKN:          554550
Indices:      TecDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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