DGAP-Adhoc

Drillisch AG: Profit forecast for 2012 surpassed - Outlook 2013 confirmed - New guidance for 2014

Drillisch AG  / Key word(s): Preliminary Results/Forecast

01.03.2013 14:16

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Drillisch AG: Profit forecast for 2012 surpassed - Outlook 2013 confirmed
and new guidance for 2014

Highlights of fiscal year 2012
- Service revenue (adjusted for the sale of prepaid subscribers) rises by
EUR19.5m to EUR292.1 million (+7.1%)
- Gross profit improves by EUR6.1m to EUR108.9m (+5.9%)
- EBITDA rises by EUR10.5m to EUR61.9m (+20.3%)
- EBITDA margin rises by 4.4 percentage points to 19.1%
- Increase in postpaid subscriber base to 1.693 million (+12.0%)
- Cash rises by EUR56.6m to EUR77.3m (+273.7%)

Maintal, 1 March 2013 - Drillisch AG (ISIN DE 0005545503) was once again
able to improve significantly all of the major performance indicators in
2012. Taking this as our base, we can confirm the profit forecast for 2013,
which has been raised, and are assuming an increase in the EBITDA to
between EUR67 million and EUR70 million (2011: EUR61.9 million), parallel
to an increase in the, MVNO subscriber base. For 2014, the Drillisch Group
is planning with an EBITDA of EUR77 million to EUR80 million and a further
increase in the MVNO subscriber base.

Our operating success is driven by our postpaid subscribers, whose numbers
increased by 12.0% (181,000 subscribers) to 1.693 million subscribers
(2011: 1.512 million subscribers), and especially the MVNO customers, whose
numbers rose by 75.2% to 1.470 million subscribers (2011: 839,000). The
customer base in the prepaid segment was further reduced as planned and has
fallen by 37,000 subscribers in comparison with Q3 to 217,000 subscribers.
The share of more valuable postpaid subscribers rose over the course of the
year by 30% to 89% (2011: 59%).

The quality and dynamics of the strategic reorientation become especially
clear when the sales figures adjusted for the sold prepaid accounts and the
unadjusted sales figures are compared with each other.

The minimal decline in the adjusted consolidated income by EUR4.7 million
to EUR313.9 million (2011: EUR318.6 million) is essentially a consequence
of the deliberate reduction in the item Other income. This income item,
which is not especially high in value and in which we post income from
hardware as well as prepaid bundles decreased by EUR24.1 million from
EUR46.0 million in 2011 to EUR21.9 million in 2012. The unadjusted
consolidated income, i.e. including the prepaid accounts sold during the
first half of the year and the reduction of Other income, declined to
EUR323.7 million in fiscal year 2012 (2011: EUR349.1 million).