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Drillisch AG: With significant growth in the first nine months of 2016 and confirms forecast

DGAP-News: Drillisch AG / Key word(s): 9-month figures/Forecast
Drillisch AG: With significant growth in the first nine months of 2016 and
confirms forecast

09.11.2016 / 20:03
The issuer is solely responsible for the content of this announcement.

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Drillisch AG with significant growth in the first nine months of 2016 and
confirms forecast

Highlights of 9M 2016
- Service revenue rises over previous year by EUR91.0 million to EUR404.4
million (+29.0%; 9M 2015: EUR313.4 million)

- Gross profit rises by EUR26.3 million to EUR205.7 million (+14.7%; 9M
2015: EUR179.4 million)

- Steady increase in EBITDA to EUR31.6 million in Q3 (Q2: EUR27.1
million; Q1 2016 EUR24.0 million)

- MVNO subscriber numbers rise within 12 months by 689,000 (28.1%) to
3.138 million subscribers

Maintal, 9 November 2016.
Drillisch AG (ISIN DE 0005545503) has once more significantly increased the
number of MVNO subscribers, service revenue and gross profit over the same
period of the previous year and further improved the earning power of the
company in what is overall a difficult and challenging market environment.
The major indicators of our core business continued to improve dynamically
during the year.

Strong development in service revenue:
In the first nine months of fiscal year 2016, revenues increased in total
by EUR67.0 million (14.7%) to EUR522.1 million (9M 2015: EUR455.1 million).
The service revenues above all rose significantly - by EUR91.0 million
(29.0%) to EUR404.4 million (9M 2015: EUR313.4 million). Service revenue in
Q3 alone rose by EUR6.0 million (4.4%) over Q2 to EUR142.9 million (Q2
2016: EUR136.9 million; Q1 2016: EUR124.6 million).

Strong subscriber development:
The driver of this overall good development of the MVNO subscriber base,
which increased by 689,000 subscribers (28.1%) to 3.138 million subscribers
(9M 2015: 2.449 million), was once again the highly dynamic growth in the
budget subscriber segment. The number of subscribers in this segment rose
by 830,000 (46.9%) to 2.600 million subscribers (9M 2015: 1.770 million
subscribers). The number of volume subscribers continued to fall as
expected to 538,000 (9M 2015: 679,000 subscribers),

Substantial increase in gross profit:
Gross profit rose by EUR26.3 million (14.7%) and at EUR205.7 million
significantly exceeded the level of the previous year (9M 2015: EUR179.4
million). The gross profit margin per 30 September 2016 came to 39.4%
(previous year: also 39.4%).

In contrast to advertising expenditures, direct expenditures related to new