DGAP-News: Drillisch AG reports Final 2010 Report (IFRS) and gives dividend forecast
(firmenpresse) - DGAP-News: Drillisch AG / Key word(s): Final Results/Dividend
Drillisch AG reports Final 2010 Report (IFRS) and gives dividend
forecast
24.03.2011 / 22:00
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Drillisch AG reports Final 2010 Report (IFRS)
Maintal, 24 March 2011 - In 2010, the wireless services provider Drillisch
(ISN DE 0005545503) has, the unbroken success of past years successfully
continued and exceeded the given targets.
With 2.431 million subscribers (2009: 2.250 million), consolidated turnover
in fiscal year 2010 reached EUR362.5 million and was 5.2% higher than the
previous year's mark (2009: EUR344.5m). The ratio of prepaid to postpaid
subscribers improved further to 51% to 49% (2009: 56% to 44%).
The positive development of turnover in fiscal year 2010 continued in the
final quarter of the year. In the fourth quarter, revenues rose by 8.9% or
EUR8.3 million to EUR100.7 million (Q4-2009: EUR92.4m). In comparison with
the third quarter 2010, turnover rose by EUR15.9 million or 18.7% (Q3-2009:
EUR84.8m).
Gross profit came to EUR88.4 million at the end of the year, an improvement
over the previous year (2009: EUR80.9m) of 9.3% or EUR7.5 million. The
gross profit margin improved by 0.9% to 24.4% (2009: 23.5%).
The consolidated EBITDA, adjusted for extraordinary expenditures and
income, rose by 13.2% or EUR5.8 million to EUR49.3 million (2009:
EUR43.5m).
The consolidated profit declined, primarily as a consequence of the non
liquidity related attribution of the previous year on our holding in
freenet, by EUR70.2 million (2009: EUR101.2m) to EUR31.0 million, and
profit per share came to EUR0.58 (2009: EUR1.98).
Owing to the continued high level of operating cash flow of 40.8 million
Euro, the net financing liabilities were reduced by 44.2% to EUR29.3
million (2009: EUR52.6m). Interest results improved by EUR1.5 million to
-EUR1.2 million (previous year: -EUR2.7 million).
Cash rose by EUR0.7 million to EUR27.6 million (previous year: EUR26.9
million).
The management board and the supervisory board propose to the general
meeting on May 27, 2011 a dividend of EUR0.50 per share.
Outlook 2011
Increase of EBITDA to EUR52 million after EUR49.3 million in 2010 as well
as an increase of the postpaid subscriber base
Dividend forecast
For FY-2011 we do expect being able to pay a comparable high dividend as
for FY-2010. There is a further dividend leeway of EUR 0.20 to EUR0.40
possible, if freenet AG pays the already announced EUR 0.80 per
freenet-share for FY 2010 payable in 2011 and the assumed dividend of
EUR 0.80 for 2011 payable in 2012.
Drillisch Group Figures Based on IFRS
In EURm 2010 2009The Annual Report will be published on 25 March on the Internet; log on to:
Turnover 362.5 344.5
EBITDA 46.1 50.7
EBITDA adjusted 49.3 43,5
EBIT 40.4 44.4
EBT 42.6 110.9
Consolidated results 31.0 101.2
EPS 0.58 1.98
EBITDA margin in % of turnover 12.7 14.7
EBITDA margin (adjusted) in % of turnover 13.6 12.6EBIT margin in % of turnover 11.1 12.9
EBT margin in % of turnover 11.8 32.2
Consolidated profit margin in % of turnover 8.6 29.4
Equity ratio (equity in % of balance sheet total) 51.5 48.7
Return of Equity (ROE) (ratio Group result to equity) 20.9 318.8
Cash-flow from current business operations in EURm 40.8 53.9
Depreciation excluding goodwill in EURm 5.7 6.3
Investments (in tangible and intangible fixed assets) 4.0 3.9
adjusted in EURm
Staff as annual average (incl. Management Board) 379 382
Subscribers (in thousands) as per 31/12 2,431 2,250
Therof Debit 1,240 1,268
Therof Credit 1,191 982
http://www.drillisch.de/index.php?page=reports&group=investor-e:reports
Maintal, 24 March 2011
Drillisch AG
The Management Board
End of Corporate News
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Language: English
Company: Drillisch AG
Wilhelm-Röntgen-Straße 1-5
63477 Maintal
Deutschland
Phone: +49 (0)6181 412 200
Fax: +49 (0)6181 412 183
E-mail: ir(at)drillisch.de
Internet: www.drillisch.de
ISIN: DE0005545503
WKN: 554550
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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116962 24.03.2011Unternehmensinformation / Kurzprofil:
Datum: 24.03.2011 - 22:00 Uhr
Sprache: Deutsch
News-ID 33582
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