Drillisch AG / Final Results/Forecast
24.03.2010 21:32
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Drillisch AG reports Final 2009 Report and issues an EBITDA forecast for
2010 of EUR46 million after EUR43.5 million in 2009.
Equity Ratio 48.7% (2008: 17.4%)
Cash-Flow from curr. Bus. Operations EUR53.9m (2008: EUR42.6m)
Cash EUR26.9m (2008: EUR4.3m)
Dividend proposal of 30 Euro Cent per share for the AGM on 28 May 2010
EBITDA guidance of EUR46m for 2010
Maintal, 24 March 2010 - The wireless services provider Drillisch (ISN DE
0005545503) has brought fiscal year 2009 to a successful conclusion
featuring positive development despite the global financial and economic
crisis. Starting from this solid position, the Company is planning its next
steps, aiming once again to raise the bar on the German wireless services
market with innovative products and services.
Revenue development towards the end of the fiscal year was definitely
positive. It rose by 9.5% or EUR8.0 million to EUR92.4 million in the
fourth quarter (Q4 2008: EUR84.4m). Consolidated sales in the past year
came to EUR344.5 million and were 1.6% or about EUR5.6 million below the
previous year's mark of EUR350.1 million.
Gross profit came to EUR80.9 million at the end of the year, an improvement
over the previous year (2008: EUR73.3 million) of 10.3% or EUR7.6 million.
The gross profit margin improved significantly by 2.6 percentage points to
23.5% (2008: 20.9%) and marks a new record high in the Company's history.
Consolidated profit reached EUR101.2 million (2008: minus EUR184.1
million).
Thanks to good business development the equity ratio was significantly more
than double the figure at the end of 2008 (previous year: 17.4%),
increasing to 48.7%.
Cash flow from current business activities grew by EUR11.3 million to
EUR53.9 million (2008: EUR42.6 million). The good operating cash flow
caused cash to rise by EUR22.6 million to EUR26.9 million (2008: EUR4.3
million).
The innovative, fair, flexible and low-cost rates for Mobile Telephony and
Mobile Internet offered by Drillisch represent major highlights on the
German wireless services market.
Due to the pleasant dynamic development in the Discount segment and the
Mobile Internet segment, Drillisch AG expects to grow in a profitable
manner in 2010 as well.
Drillisch Group Figures Based on IFRS
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In EURm 2009 2008
Turnover 344.5 350.1
EBITDA 50.7 40.6
EBITDA adjusted 43,5 40,6
EBIT 44.4 33.9
EBT 110.9 -172.4
Consolidated results 101.2 -184.1
EPS 1.98 -3.58
EBITDA margin in % of turnover 14.7 11.6
EBITDA margin (adjusted) in % of turnover 12.6 11.6
EBIT margin in % of turnover 12.9 9.7
EBT margin in % of turnover 32.2 -49.2
Consolidated profit margin in % of turnover 29.4 -52.6
Equity ratio (equity in % of balance sheet total) 48.7 17.4
Return of Equity (ROE) (ratio Group result to equity) 318.8% -78.8%
Cash-flow from current business operations in EURm 53.9 42.6
Depreciation excluding goodwill in EURm 6.3 6.7
Investments (in tangible and intangible fixed assets) 3.9 3.9
adjusted in EURm
Staff as annual average (incl. Management Board) 382 347
Subscribers (in thousands) as per 31/12 2,250 2,371
Therof Debit 1,268 1,525
Therof Credit 982 846
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The Annual Report will be published on 25 March on the Internet; log on to:
http://www.drillisch.de/index.php?page=reports&group=investor-e:reports
Maintal, 24 March 2010
Drillisch AG
The Management Board
Contact:
Oliver Keil
Head of Investor Relations
Mail: ir@drillisch.de
24.03.2010 21:32 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: Drillisch AG
Wilhelm-Röntgen-StraÃe 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
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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DGAP-News: Drillisch AG reports Final 2009 Report and issues an EBITDA forecast for 2010 of EUR46 million after EUR43.5 million in 2009.
| Source: EQS Group AG