DGAP-Adhoc

Drillisch AG - Preliminary Figures from a Successful First Half of 2015, Start of Operations as an MBA MVNO, EBITDA Forecast for 2016 of EUR115m to EUR120m

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

31.07.2015 15:30

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Drillisch AG - Preliminary Figures from a Successful First Half of 2015,
Start of Operations as an MBA MVNO, EBITDA Forecast for 2016 of EUR115m to
EUR120m

- Revenues +78.9% to EUR253.6 million (HY1 2014: EUR141.8m)

- Service revenue +43.5% to EUR200.3 million (HY1 2014: EUR139.6m)

- Gross profit +51.7% to EUR103.2 million (HY1 2014: EUR68.0m)

- Adjusted EBITDA +30.1% to EUR55.1 million (HY1 2014: EUR42.4m)

- MVNO subscribers +28.2% to 2.327 million (HY1 2014: 1.815 million)

- Of which budget subscribers +59.2% to 1.629 million (HY1 2014: 1.023)

- Average gross profit per MVNO user (AGPPU) +13.5% to EUR7.30 (HY1 2014:
EUR6.43)

Maintal, 31 July 2015 - Drillisch AG (ISIN DE 0005545503) has closed out
the first half of 2015 with excellent results and once again increased the
major performance indicators in comparison with the same period of the
previous year.

Significant improvement in profit as revenues rise:
Total revenues rose by EUR111.8 million to EUR253.6 million (HY1 2014:
EUR141.8m). While growth in the first quarter was essentially due to the
increase in the number of subscribers, the brokerage and hardware revenues
from The Phone House Deutschland Group acquired at the beginning of May
2015 made a further positive contribution during the second quarter,
especially in the Other revenues (increase by EUR51.1 million to EUR53.3
million (HY1 2014: EUR2.2m). Service revenues also rose very clearly in
comparison with the same period last year, an increase by EUR60.7 million
to EUR200.3 million (HY1 2014: EUR139.6m). In Q2 2015 alone, there was an
increase over Q1 of EUR9.4 million to EUR104.8 million (Q1 2015: EUR95.4m).
Gross profit in the first half of the year increased by EUR35.1 million
(51.7%) to EUR103.2 million (HY1 2014: EUR68.0m).

Despite the continued high level of advertising expenditures (significantly
higher than the expenditures in the same period of the previous year) of
EUR25.4 million (HY1 2014: EUR4.7m), the operating consolidated EBITDA (one
of the most important performance indicators for our business), adjusted
for the ancillary costs related to the company acquisitions of the year,
improved by EUR12.8 million (30.1%) to EUR55.1 million (HY1 2014: