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 - Seite 2
EUR42.4m). The adjusted EBITDA margin came to 21.7% (HY1 2014: 29.9%).
Development of subscriber base continues to be positive:
As of the end of the first half of 2015, the MVNO subscriber base had grown
by 512,000 subscribers (28.2%) over HY1 2014 to 2.327 million (HY1 2014:
1.815 million). While the number of volume subscribers declined by 94,000
to 698,000 (HY1 2014: 792,000), the figure for the significantly more
profitable budget subscribers rose by 606,000 (59.2%) to 1.629 million (HY1
2014: 1.023 million). These figures represent yet another increase in the
positive development of the customer mix of recent quarters. In Q2 alone,
organic growth of 132,000 budget subscribers was achieved. The total
subscriber base per 30 June 2015 had risen by 472,000 subscribers (23.9%)
to 2.449 million (HY1 2014: 1.977 million).
Start of operations as an MBA MVNO and takeover of Telefónica shops:
The technical realization (i.e. the operational startup of Drillisch as
an MBA MVNO in the Telefónica network) took place as scheduled on 1 July
2015. Among other advantages, Drillisch now has unrestricted access to 4G
as well as to any and all more sophisticated technologies that are
developed in the future and can perform the same role in the design and
marketing of its products as a network operator. In addition, the
previously announced acquisition of about 300 shop locations previously
belonging to O2 and BASE was completed per 29 June 2015. About 100 own
yourfone shops had been opened out of this number earlier in July. The
integration and conversion of the remaining locations will follow
successively.
Outlook:
In view of the outstanding market position of an MBA MVNO and the excellent
development of operating business in the first half of the year, the
Management Board is looking ahead to the future with confidence and is
counting on a continued rise in the MVNO customer base and the related
ongoing positive earnings development in operating business for 2015 and
2016. The adjusted EBITDA for 2015 is expected to reach the upper part of
the previously forecast range of between EUR95 million and EUR100 million.
The Management Board expects a further increase in the adjusted EBITDA to
between EUR115 million and EUR120 million for fiscal year 2016. In keeping
with our corporate policy and its aim of sustained business, we will strive
to pay a dividend in the minimum amount of EUR1.70 per voting share in the
coming fiscal years.
Preliminary and unaudited performance indicators of Drillisch Group as a
comparison of HY1 2015 v. HY1 2014 (IFRS)
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