DGAP-Adhoc: Drillisch AG EBITDA €30.5m (+13%); Results burdened by writedown on strategic holding; Dynamic growth in core business proceeding

Drillisch AG / Quarter Results/Miscellaneous

14.11.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
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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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