Drillisch AG / Quarter Results/Miscellaneous
11.05.2010 21:31
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Although the economic recovery in Europe and Germany has been modest,
Drillisch AG began the new year with growth in turnover and profit. The
excellent result of the first quarter came from the continued dynamics in
the sectors Discount and Mobile Internet and was proactively paralleled by
innovative marketing and sales concepts.
Turnover in the first quarter rose by 8.7% or EUR6.8 million to EUR84.6
million (Q1-2009: EUR77.8 million). This revenue was realised from 2.258
million subscribers. While the number of subscribers in the prepaid sector
declined in comparison with the end of 2009 by 47,000 subscribers or 3.7%
to 1.26 million, the number of subscribers in the postpaid business rose by
5.6% or 55,000 subscribers to 1.037 million in comparison with the end of
the year. This expansion of the higher-value postpaid business led to a
rise in the share of postpaid subscribers in the Group to the current 46%,
two percentage points more than at the end of 2009.
In the first quarter of 2010, gross profit improved by about EUR3.4 million
or 19.1% in comparison with the first quarter of 2009 to EUR21.0 million
(Q1-2009: EUR17.7 million). The gross profit margin rose by 2.2% to 24.9%
(Q1-2009: 22.7%) and even exceeded the excellent year-end value for 2009 by
1.4% (31/12/2009: 23.5%).
The consolidated EBITDA increased by 13.0% or EUR1.3 million to EUR11
million in comparison with the same quarter last year (Q1-2009: EUR9.7
million). The EBITDA margin increased by 0.5% to 13.0% (previous year:
12.5%).
The income from ordinary business activities exceeded the previous year's
value by about 4%, amounting to EUR9.4 million (Q1-2009: EUR9.1 million).
As a consequence of higher taxes on income in the amount of EUR2.8 million
(Q-1 2009: EUR0.2 million), the consolidated profit of EUR6.6 million was
about EUR2.2 million below the results of the same quarter last year
(Q1-2009: EUR8.8 million).
Cash and cash equivalents at the end of the first quarter amounted to
EUR39.1 million. This is a substantial increase of EUR29.5 million in
comparison with the first quarter of 2009 (Q1-2009: EUR9.5 million) and of
EUR12.2 million in comparison with the end of 2009 (31/12/2009: EUR26.9
million). Owing to the sustained high cash flow, the net financing
liabilities in the first quarter of 2010 were reduced by EUR12.1 million or
23% in comparison with the end of the year 2009 to EUR40.5 million
(31/12/2009: EUR52.6 million).
It has now been five years since we established the first discount products
under the name simply on the German wireless services market. During these
five years, the wireless services market in Germany has grown steadily
thanks to its consumer-friendly prices. We have seen a similar development
in the sector mobile Internet since its launch in 2007. More and more
people want to use the mobile Internet, fast and at low cost, as well as
enjoy telephone service wherever they may be. We will serve both of these
growth segments in the future as well by providing innovative and low-price
products, playing a proactive role in shaping the market. At the same time,
an important goal is to break through the existing inhibitions among mobile
phone users by offering simple and transparent rate plans. We counter the
fear of a cost risk for mobile surfing with our attractive flat rates.
During the first three months of the year 2010, we launched the first
8-eurocent voice services rate with a mobile phone surfing flat rate,
helloMobil, on the market. The new rate schedule is aimed especially at
smartphone owners who want to phone at low cost and use the mobile Internet
without constant worries about costs. We have realised the newstarif for
the publishers Augsburger Allgemeine and sh:z Schleswig-Holsteinischer
Zeitungsverlag, a rate schedule which allows mobile phone users to surf the
mobile portals of their regional newspaper free of charge.
New rate schedules, new cooperative ventures and new distribution channels
have laid the foundation for a further increase in company value. That is
why we expect an increase in the EBITDA for fiscal year 2010 to EUR46
million from the EUR43.5 million in 2009.
The final Q1-Report will be published on 12 May 2010 under the following
link
http://www.drillisch.de/index.php?page=reports&group=investor-e:reports
Contact:
Oliver Keil
Head of Investor Relations
Mail: ir@drillisch.de
11.05.2010 21:31 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 began the new year with growth in turnover and profit
| Source: EQS Group AG