DGAP-Adhoc
Drillisch AG posts substantial increase in profit and growth in subscriber base in the first half of 2014
Drillisch AG / Key word(s): Half Year Results/Miscellaneous
13.08.2014 20:30
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Drillisch AG posts substantial increase in profit and growth in subscriber
base in the first half of 2014.
- Stable Service revenues +0.4% to EUR139.6 million (H1 2013: EUR139.0
million)
- Gross profit +21.2% to EUR68.0 million (H1 2013: EUR56.1 million)
- EBITDA +24.2% to EUR42.4 million (H1 2013: EUR34.1 million)
- MVNO subscribers +13.9% to 1.815 million (H1 2013: 1.593 million)
- Thereof budget subscribers +55.7% to 1.023 million (H1 2013: 657,000)
- Average gross profit per MVNO user (AGPPU) +7.5% to EUR6.43 (H1 2013:
EUR5.98)
- MBA MVNO contract opens up additional growth opportunities
Maintal, 13 August 2014 - Drillisch AG (ISIN DE 0005545503) has once more
significantly increased the major performance indicators and thus further
improved the earning power of the company in a difficult and challenging
market environment.
Parallel to its operating business, and after intensive negotiations,
Drillisch concluded an MBA MVNO (Mobile Bitstream Access) agreement with
Telefónica Germany GmbH & Co. OHG ("Telefónica") on 25 June 2014 through
its wholly-owned group member MS Mobile Services GmbH ("MS Mobile").
In this agreement, Telefónica undertakes to grant MS Mobile, as the only
competitor on the German wireless services market, access to up to 30 % of
the network capacity that is available after the merger in the controlled
wireless network of Telefónica and E-Plus, for all present and future
technologies. The basic term of the agreement is 5 years and can be
extended by means of two call options by MS Mobile by 5 more years each,
that is, to a total of 15 years. In return, MS Mobile has undertaken to
take over at least 20 % of the present and future network capacity for new
customers for the basic term of 5 years, using a "glide path" (that is, the
obligation to take over this network capacity will reach 20 % towards the
end of the basic term). In addition, there is a certain minimum capacity
which has been defined for existing customers.
Furthermore, MS Mobile will initially take over 50 shop locations from
Telefónica at attractive terms and conditions, with the option of taking
over up to a further 550 locations. This further expands its distribution
base in the first half of 2014.
- Stable Service revenues +0.4% to EUR139.6 million (H1 2013: EUR139.0
million)
- Gross profit +21.2% to EUR68.0 million (H1 2013: EUR56.1 million)
- EBITDA +24.2% to EUR42.4 million (H1 2013: EUR34.1 million)
- MVNO subscribers +13.9% to 1.815 million (H1 2013: 1.593 million)
- Thereof budget subscribers +55.7% to 1.023 million (H1 2013: 657,000)
- Average gross profit per MVNO user (AGPPU) +7.5% to EUR6.43 (H1 2013:
EUR5.98)
- MBA MVNO contract opens up additional growth opportunities
Maintal, 13 August 2014 - Drillisch AG (ISIN DE 0005545503) has once more
significantly increased the major performance indicators and thus further
improved the earning power of the company in a difficult and challenging
market environment.
Parallel to its operating business, and after intensive negotiations,
Drillisch concluded an MBA MVNO (Mobile Bitstream Access) agreement with
Telefónica Germany GmbH & Co. OHG ("Telefónica") on 25 June 2014 through
its wholly-owned group member MS Mobile Services GmbH ("MS Mobile").
In this agreement, Telefónica undertakes to grant MS Mobile, as the only
competitor on the German wireless services market, access to up to 30 % of
the network capacity that is available after the merger in the controlled
wireless network of Telefónica and E-Plus, for all present and future
technologies. The basic term of the agreement is 5 years and can be
extended by means of two call options by MS Mobile by 5 more years each,
that is, to a total of 15 years. In return, MS Mobile has undertaken to
take over at least 20 % of the present and future network capacity for new
customers for the basic term of 5 years, using a "glide path" (that is, the
obligation to take over this network capacity will reach 20 % towards the
end of the basic term). In addition, there is a certain minimum capacity
which has been defined for existing customers.
Furthermore, MS Mobile will initially take over 50 shop locations from
Telefónica at attractive terms and conditions, with the option of taking
over up to a further 550 locations. This further expands its distribution
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