DGAP-News: Drillisch AG / Key word(s): Preliminary Results/Forecast
Drillisch AG continues on profitable growth curve in the second quarter
20.07.2016 / 22:47
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Drillisch AG continues on profitable growth curve in the second quarter
- MVNO subscribers +7.7% to 2.922 million (Q1 2016: 2.712 million)
- Budget subscribers +11.3% to 2.338 million (Q1 2016: 2.100 million)
- Average Gross Profit per MVNO subscriber (AGPPU) +7.2% to EUR7.85 (Q1
2016: EUR7.32)
- Op. Cash-Flow stands at EUR71.8 million (Q1 2016: - EUR10.3 million)
Maintal, 20 July 2016 - Drillisch AG (ISIN DE 0005545503) has continued
with the positive trends of the first quarter 2016 in the operation
business in the second quarter 2016. The management board confirms with the
very good development in the operating business online and the clear
increasing contribution of the offline segment its EBITDA guidance for 2016
in the amount of EUR115 million to EUR120 million and for 2017 in the
amount of EUR160 million to EUR170 million.
Highly positive development in subscriber numbers continues:
In an increasing way, the offline segment is contributing to the overall
good development of the subscriber base, which increased by 595 thousand
subscribers (25.6%) to 2.922 million subscribers (H1 2015: 2.327 million
subscribers). Whilst the number of volume subscribers continued to fall by
114,000 to 584,000 (H1 2015: 698,000 subscribers) the budget subscribers
delivered an increase of 43.5% or 709,000 to 2.338 million (H1 2015: 1.629
million). The customer mix improved again as in the quarters before.
In the second quarter of 2016, the number of budget subscribers grew
organically by 238,000 (Q1 2015: +168,000), an increase of 41.7% compared
with the first quarter.
The average gross profit per MVNO customer (AGPPU) rose by 7.2% to EUR7.85
(Q1 2016: EUR7.32) because of a better utilization of the capacity
obligation.
Operating cash-flow of the second quarter showed a clear increase to
EUR71.8 million compared with the first quarter 2016 (Q1 2016: - EUR10.3
million)
Net Liquidity as per 30 June 2016 amounts to EUR44.5 million after the
payment of the dividend of FY 2015 to shareholders (EUR95 million) in May
2016.
Provisional, unaudited performance indicators comparison Q2 2016 v. Q2 2015
<pre>
Q2-16 Q2-15 in %
Net Adds
MVNO subscribers( in 2.922 2.327 +25.6% +595k
million)
Thereof budget subscribers 2.338 1.629 +43.5% +709k
Thereof volume subscribers 0.584 0.698 -16.4% -114k
AGPPU MVNO Subscribers EUR7.85 7.38 7.2%
(total)
Op. Cash-Flow ( in million 71.8 14.2 +405,6%
Euro)
Net Liquidity (in million 44.5
Euro)
</pre>
Provisional, unaudited performance indicators comparison Q2 2016 v. Q1 2016
<pre>
Q2-16 Q1-16 in %
Net Adds Q2 Net Adds Q1
16 16
MVNO subscribers( in 2.922 2.712 +7.7% +210k +125k
million)
Thereof budget 2.338 2.100 +11.3% +238k +168k
subscribers
Thereof volume 0.584 0.612 -4.6% -28k -43k
subscribers
AGPPU MVNO EUR7.85 7.32 7.2%
Subscribers (total)
Op. Cash-Flow ( in 71.8 -10,3
million)
Net Liquidity (in 44.5
million Euro)
</pre>
The final quarterly report will be made available on the Company's home
page on 11 August 2016.
http://www.drillisch.de/investor-relations/berichte
Maintal, 20 July 2016
Drillisch AG
The Management Board
Disclaimer: This report contains statements regarding the future which are
based on the current assumptions and projections of the management of
Drillisch AG. Various risks, uncertainties and other factors, both known
and unknown, can cause actual developments, especially in the results,
financial position, and the business of our Company, to deviate
substantially from the projections about the future as they are shown here.
The Company does not undertake any obligation to update such future-
oriented statements and to adapt them to future events or developments. All
of the above information is based on provisional calculations prior to the
final consolidation and the conclusion of the review. It is consequently
possible that the final business figures that are to be presented on 11
August 2016 will differ from those shown here.
Contact:
Oliver Keil
Head of Investor Relations
Mail: ir@drillisch.de
---------------------------------------------------------------------------
20.07.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Drillisch AG
Wilhelm-Röntgen-Straße 1-5
63477 Maintal
Germany
Phone: +49 (0)6181 412 218
Fax: +49 (0)6181 412 183
E-mail: ir@drillisch.de
Internet: www.drillisch.de
ISIN: DE0005545503
WKN: 554550
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart; Terminbörse EUREX
End of News DGAP News Service
---------------------------------------------------------------------------
484533 20.07.2016
DGAP-News: Drillisch AG continues on profitable growth curve in the second quarter
| Source: EQS Group AG