DGAP-Adhoc
Drillisch AG: Forecast for the Year Exceeded; Increase of Dividend - Seite 2
EUR62.1m).
Operative cash flow improved strongly in business year 2014 by EUR14.8
million (26.0%) to EUR71.8 million (2013: EUR57.0m).
Cash in the group increased by 130.1 million (69.5%) over the previous year
and amounted to EUR317.1 million at the end of 2014 (2013: EUR187.0m).
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Performance indicators developed as shown below during Q4 2014:
Service revenue in Q4 2014 rose by EUR4.7 million (6.6%) over Q3 2014 to
EUR74.8 million (Q3 2014: EUR70.2m). In comparison with the same quarter of
the previous year, Service revenue rose by EUR4.8 million (6.9%) (Q4 2013:
EUR70.0m).
The number of budget subscribers rose by 93,000 (8.3%) in Q4 in comparison
with Q3. This is an increase of 355,000 subscribers (41.5%) over the same
quarter of the previous year.
Gross profit in Q4 at EUR37.4 million rose slightly (by 0.2%) in comparison
with Q3. In comparison with Q4 2013, there was a significant rise of EUR5.5
million (17.1%). The gross profit ratio reached 48.7% (Q4 2013: 44.0%).
The EBITDA increased to EUR20.6 million in Q4 2014. This represents a rise
of EUR1.9 million (10.3%) over Q4 2013 (Q4 2013: EUR18.7m). The EBITDA
margin improved by 1.2 percentage points from 25.7% to 26.9%. In comparison
with Q3 2014, EBITDA declined by EUR1.6 million because of higher marketing
spend.
Confirmation of the EBITDA forecast 2015:
Drillisch is targeting a clear increase of the MVNO subscriber segment as
well as further improvements in the tariff mix and profitability from
operations, accompanied by simultaneous growth in revenue.
With the acquisition of yourfone GmbH and the start of the MBA MVNO model
with effect of 1st July 2015, the offline distribution with circa 300 shops
will begin as well. The company is expecting additional growth in
subscribers and revenues. Based on this trends, marketing activities will
clearly increase as well and support future growth. Despite of increasing
marketing costs in the middle-digit million Euros, management board still
expects a further increase in EBITDA to between EUR95 million and EUR100
million for 2015 as a whole.
Increase of dividend and confirmation of the dividend policy:
As a consequence of the positive development in the Company's business and
liquidity and in the expected cash flow, the Drillisch AG Management Board
is planning to submit a proposal for a cash dividend for business year 2014
of EUR1.70 per voting share to the next ordinary Annual General Meeting,
Service revenue in Q4 2014 rose by EUR4.7 million (6.6%) over Q3 2014 to
EUR74.8 million (Q3 2014: EUR70.2m). In comparison with the same quarter of
the previous year, Service revenue rose by EUR4.8 million (6.9%) (Q4 2013:
EUR70.0m).
The number of budget subscribers rose by 93,000 (8.3%) in Q4 in comparison
with Q3. This is an increase of 355,000 subscribers (41.5%) over the same
quarter of the previous year.
Gross profit in Q4 at EUR37.4 million rose slightly (by 0.2%) in comparison
with Q3. In comparison with Q4 2013, there was a significant rise of EUR5.5
million (17.1%). The gross profit ratio reached 48.7% (Q4 2013: 44.0%).
The EBITDA increased to EUR20.6 million in Q4 2014. This represents a rise
of EUR1.9 million (10.3%) over Q4 2013 (Q4 2013: EUR18.7m). The EBITDA
margin improved by 1.2 percentage points from 25.7% to 26.9%. In comparison
with Q3 2014, EBITDA declined by EUR1.6 million because of higher marketing
spend.
Confirmation of the EBITDA forecast 2015:
Drillisch is targeting a clear increase of the MVNO subscriber segment as
well as further improvements in the tariff mix and profitability from
operations, accompanied by simultaneous growth in revenue.
With the acquisition of yourfone GmbH and the start of the MBA MVNO model
with effect of 1st July 2015, the offline distribution with circa 300 shops
will begin as well. The company is expecting additional growth in
subscribers and revenues. Based on this trends, marketing activities will
clearly increase as well and support future growth. Despite of increasing
marketing costs in the middle-digit million Euros, management board still
expects a further increase in EBITDA to between EUR95 million and EUR100
million for 2015 as a whole.
Increase of dividend and confirmation of the dividend policy:
As a consequence of the positive development in the Company's business and
liquidity and in the expected cash flow, the Drillisch AG Management Board
is planning to submit a proposal for a cash dividend for business year 2014
of EUR1.70 per voting share to the next ordinary Annual General Meeting,
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