DGAP-News

Drillisch AG posts substantial increase in profit and growth in subscriber base in Q1 - Seite 2

with the same quarter of the previous year by EUR7.8 million to EUR18.0
million (Q1 2014: EUR10.2m). Cash declined, essentially a consequence of
the acquisition of yourfone to EUR266.3 million (31/12/2014: EUR317.1
million). Drillisch has adequate flexibility to expand or supplement its
business activities as expedient, in combination with attractive financing
opportunities.

Outlook:
Management is planning a further increase in of the MVNO customer base for
2015 and 2016 which will naturally lead to a continuation of the positive
earnings development in operating business. We expect an EBITDA of between
EUR95 million and EUR100 million for 2015. Supervisory Board and Management
Board have submitted a dividend proposal for 2014 of EUR1.70 to the Annual
General Meeting, which will take place on 21 May 2015. In keeping with our
corporate policy and its aim of sustained business, we will strive to pay a
dividend of the same amount as a minimum in the coming fiscal years.

Performance indicators in accordance with IFRS

In EURm                                      Q1 2015   Q1 2014   Change in
%
Revenue                                          99.2      71.3      +39.1%
Service revenue                                  95.4      70.0      +36.3%
Gross profit                                     47.8      32.9      +45.1%
Gross profit margin in %                        48.2%     46.2%
AGPPU average gross profit per user (MVNO)    EUR7.23   EUR6.39      +13.1%
blended
EBITDA                                           26.9      20.5      +31.2%
EBITDA margin in %                              27.1%     28.8%
Cash                                            266.3     196.5      +35.5%
Debenture bond                                   89.4      86.9
Financial liabilities                             0.0       0.0
CF from current business activities              18.0      10.2      +75.7%

Subscribers, in millions                        2.361     1.935      +22.0%
Thereof MVNO subscribers                        2.229     1.760      +26.6%
Thereof budget subscribers                      1.497     0.946      +58.2%
Thereof volume subscribers                      0.732     0.814      -10.1%

The final quarterly report will become retrievable on the Company's home
page on 13 May 2015.
http://www.drillisch.de/investor-relations/berichte

Maintal, 12 May 2015

Drillisch AG
The Management Board