DGAP-News: Drillisch AG: Final Q1: successful start 2011; Service Revenues +11.5% to 72.4m EUR (Q1-2010: 64.9m EUR); EBITDA +13.7% to 12.5m EUR (Q1-2010: 11.0m EUR); eps 0.21 EUR (Q1-2010: 0.12 EUR)
(firmenpresse) - DGAP-News: Drillisch AG / Key word(s): Quarter Results/Forecast
Drillisch AG: Final Q1: successful start 2011; Service Revenues +11.5%
to 72.4m EUR (Q1-2010: 64.9m EUR); EBITDA +13.7% to 12.5m EUR
(Q1-2010: 11.0m EUR); eps 0.21 EUR (Q1-2010: 0.12 EUR)
11.05.2011 / 21:30
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Drillisch AG: Final Q1: successful start 2011; Service Revenues +11.5% to
72.4m EUR (Q1-2010: 64.9m EUR); EBITDA +13.7% to 12.5m EUR (Q1-2010: 11.0m
EUR); eps 0.21 EUR (Q1-2010: 0.12 EUR)
Maintal, 11. May 2011 - The mobile-communications service provider
Drillisch (ISIN DE 0005545503) has started the new fiscal year
successfully.
The consolidated result for the first quarter 2011 represents a marked
improvement compared with the same period last year and was generated with
2.473 million subscribers. The dynamic growth in the subscriber base
continued into the first quarter 2011. Compared with Q4-2010, the Postpaid
subscriber base increased by 5.2% or 61,000. The Prepaid subscriber base
decreased in the same period by only 20,000. Year on year, the subscriber
base increased by 9.5 percent or 215,000 to 2.473 million. Postpaid
business accounted for this growth in its entirety, gaining 216,000
subscribers to 1.253 million, equivalent to an increase of 20.8 percent.
The number of prepaid subscribers dipped slightly by 0.1 percent, or 1,000
subscribers, to 1.220 million. As such, the ratio of postpaid to prepaid
subscribers has improved significantly by year on year comparison, to 51
percent : 49 percent (Q1 2010: 46% : 54%).
The 'service revenues' and the new customer acquisition revenues,
essentially the income from the provision of the ongoing wireless services
(voice and data transmission) and their settlement on the basis of the
current customer relationships rose in the first quarter of 2011 by EUR7.5
million or 11.5 percent to EUR72.4 million (Q1 2010: EUR64.9m). Other
revenues, which include low-margin business such as sales of devices,
declined by EUR11.8 million to EUR7.9 million (Q1 2010: EUR19.6m). As
such, total revenues decreased by EUR4.3 million or 5.1 percent overall to
EUR80.3 million in the first quarter 2011 (Q1 2010: EUR84.6m).
Gross profit for the first quarter 2011 increased by some EUR1.7 million or
8.0 percent to EUR22.7 million compared with the first quarter 2010 (Q1
2010: EUR21.0 million) due to good results from the wireless services
division. The gross profit margin improved by 3.4 percent points to 28.3
percent (Q1 2010: 24.9%) and even topped the excellent result for 2010
overall by 3.9 percent points (31 December 2010: 24.4%).
Compared with the same quarter the previous year, Group EBITDA increased by
13.7 percent or EUR1.5 million to EUR12.5 million (Q1 2010: EUR11.0
million). The EBITDA margin improved by 2.5 percent points to 15.5 percent
(Q1 2010: 13.0%).
The profits generated from ordinary business activities were some 54.5
percent higher, at EUR14.6 million than the figure recorded for the same
period last year (Q1 2010: EUR9.4 million). Consolidated profit improved by
EUR4.3 million or 65.4 percent to EUR10.9 million (Q1 2010: EUR6.6
million). In addition to the improved operating result, the growth in
consolidated profit was due primarily to cash flow-neutral income in the
other financial result in combination with the increase of the stake in
freenet AG.
As per the end of the quarter, cash and cash equivalents amounted to
EUR20.4 million (31 December 2010: EUR27.6 million). Net financing
liabilities amounted to EUR60.0 million as per 31 March 2011; an increase
of EUR19.5 million compared with the first quarter 2010. Relative to
year-end 2010, this equated to an increase of EUR30.7 million (31 December
2010: EUR29.3 million) and was mainly due to debt-financed investments in
other financial assets in combination with the increase of the stake in
freenet AG.
The successful start to fiscal 2011 has put us on track to further increase
the value of the company. Drillisch is therefore forecasting an improvement
in EBITDA to EUR52 million in fiscal 2011 following EUR49.3 million in
fiscal 2010 and an increase of the postpaid subscriber base.
Final Q1-2011 report (IFRS)
In million Euro Q1-2011 Q1-2010The Q1-Report will be published on 12 May under the following link
Revenues 80.3 84.6
Service Revenues 72.4 64.9
other revenues 7.9 19.6
EBITDA 12.5 11.0
EBITDA-Margin in % 15.5% 13.0%
EBIT 11.3 9.5
EBIT-Margin in % 14.1% 11.2%
EBT 14.6 9.4
EBT-Margin in % 18.2% 11.2%
Consolidated Profit 10.9 6.6
eps 0.21 0.12
Net debt 60.0 40.5
In million Euro Q1-2011 31.12.2010
Cash 20.4 27,6
Net Debt 60.0 29,3
Subscribers in million 2.473 2.431
subscribers Prepaid 1.220 1.240
Teilnehmer Postpaid 1.253 1.191
http://www.drillisch.de/index.php?page=reports&group=investor-e:reports
Maintal, 11. May 2011
Drillisch AG
The Management Board
Contact:
Oliver Keil
Head of Investor Relations
Mail: ir(at)drillisch.de
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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Datum: 11.05.2011 - 21:30 Uhr
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