Drillisch AG / Quarter Results/Miscellaneous
14.11.2008
Release of a Adhoc News, 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: EBITDA 30.5m (+13%); Results burdened by writedown on
strategic holding; Dynamic growth in core business proceeding
Maintal, 14. November 2008 The mobile-communications service provider
Drillisch (ISIN DE 0005545503) continued its dynamic growth path in the
first nine months of the year.
Sales reached 91.8 million at the end of the third quarter, an increase of
ca. 3% compared to the end of the second quarter of the business year. Nine
months revenues were rather steady at ca. 266 million.
The EBITDA reached 30.5 million (+13%) after the first nine months of the
business year, compared with the 27 million at the end of 9M-2007. The
EBITDA-Margin of ca. 11.5% exceeds the magnitude of FY2007 (11%) after the
first nine months of the business year
In the first nine months of 2008, the number of subscribers increased in
comparison with the previous year by almost 10%, reaching 2.323 million.
Gross profit reached 18.5 million (Q2-2008: 19.3 million) at the end of
the third quarter. After nine months of the business year, gross profit
fell 1.1% to 55.3 million. Gross profit margin reached 20.8% (9M-2007:
21.0%).
After nine months, EBIT increased by 4.7% and reached 25.5 million
(9M-2007: 24.4 million). In the third quarter of the business year 2008,
EBIT reached 8.8 million.
Interest results improved by 48.2% to -2.4 million in the nine months of
the business year compared with the previous year.
Cash Flow from current business operations reached 23.2 milion (Q2-2008:
19.8 million) at the end of the third quarter, which is an increase of
17.2% vs. Q2-2008. In the first nine months of the business year 2008 this
number increased by 7.7% from 21.5 million to 23.2 million. The
repurchase of own stock reduced cash by 10.8 million and the distribution
of the dividends by a further 5.2 million, a total of ca. 16 million.
A writedown of 151.1 million which did not affect liquidity was taken on
the strategic holding of freenet AG on 30 September 2008 as a response to
the current valuation of the stock on the stock exchange and is
responsible for the decline in consolidated profit to -135.3 million
The nine months consolidated profit (adjusted for the writedown on
strategic holding) increased by 32.8% to 15.8 million (9M-2007: 11,9
million).
Equity ratio declined to 34.8% (9M-2007: 51.8%)
Aside of the old core business, our 'Mobile Internet' line is developing
reasonable well. The Drillisch AG has positioned itself successful at an
early stage in this future growth segment
The Drillisch AG therewith states that an efficient corporate structure
leads to uninterrupted profit growth.
The Board expects a continuation of the positive development of the
operating business. Based on current planning, the Management Board expects
an EBITDA of about 40 million in fiscal year 2008 and a subscriber base of
about 2.35 million as of the end of the year.
The Drillisch Group at a glance (final figures)<pre>
In million Euro 30.09.2008 30.09.2007
Sales 265,7 266,1
EBITDA 30,5 27,0
EBITDA-Margin in % 11.5% 10.1%
EBIT 25,5 24,4
EBIT-Margin in % 9.6% 9.2%
EBT -127,9 19,8
Adjusted for the writedown on 23,1 19,8
strategic holding
EBT-Margin in % -48.2% 7.4%
Adjusted for the writedown on 8.7% 7.4%
strategic holding
Consolidated Profit -135,3 11,9
Adjusted for the writedown on 15,8 11,9
strategic holding
EPS in Euro -2.60 0.34
Adjusted for the writedown on 0.30 0.34
strategic holding
Writedown on Strategic Holding 151,1 0
Subscribers (in million) 2,323 2,121</pre>
The complete report is available for download in the course of the morning
http://www.drillisch.de/index.php?page=reports&group=investor-e:reports
Maintal, 14. November 2008
Drillisch AG
Executive Board
Contact:
Oliver Keil
Head of Investor Relations
Mail: ir@drillisch.de
DGAP 14.11.2008
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Language: English
Issuer: 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@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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DGAP-Adhoc: Drillisch AG EBITDA 30.5m (+13%); Results burdened by writedown on strategic holding; Dynamic growth in core business proceeding
| Source: EQS Group AG