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Drillisch AG posts substantial increase in profit and growth in subscriber base in the first half of 2014 - Seite 2
capacity, even outside major cities.
The technical launch, that is the startup as an MBA MVNO, will take place
at the earliest on 1 January 2015 and at the latest on 1 July 2015.
With these agreements, the Drillisch Group is in an outstanding position to
improve its market position as well as its business volume significantly in
the years to come, and to have permanent access to all products and
technologies that are or will be available in the largest German wireless
network. In terms of the flexibility, freedom and design of its products,
Drillisch is thus on an equal footing with the three remaining German
network operators. This is reported in detail in the report for the first
half of 2014, on Pages 4 and 5.
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All of the above-mentioned agreements are currently still subject to
approval by the European Commission.
Summary Report on 1st Half-Year 2014
Subscriber growth - positive dynamics continue:
The increase in the number of MVNO subscribers continued unabated in the
first six months of fiscal 2014. Year on year, the subscriber base
increased by a total of 13.9% or 222,000 to 1.815 million. In the
significantly more profitable budget sector, the number of subscribers rose
by 55.7% or 366,000 to 1.023 million (H1 2013: 657,000), while the number
of volume subscribers dropped slightly by 144,000 to 792,000 (H1 2013:
936,000.
Significant improvement in profit from stable Service Revenues:
Service revenues rose slightly by 0.4% to EUR139.6 million (H1 2013:
EUR139.0 million). This means that Drillisch AG performed better than the
market. Service revenues in the 2nd quarter rose by 0.6% to EUR69.5 million
(Q2 2013: EUR69.1 million).
Sharp rise in gross profit:
Gross profit improved by EUR11.9 million or 21.2% to EUR68.0 million in the
first half of 2014 (H1 2013: EUR56.1 million). The gross profit margin
increased by 9.8 percentage points to 48.0% (H1 2013: 38.2%).
EBITDA reaches new high at the upper end of the target corridor:
With growth of 24.2% to EUR42.4 million (H1 2013: EUR34.1 million) EBITDA
reached a new record figure. The EBITDA margin improved by 6.7 percentage
points to 29.9% (H1 2013: 23.2%).
Increase in income is reflected in consolidated profit:
Compared with the consolidated profit for the first half of 2013, adjusted
for the effects from the reduction of the stake in freenet, the
consolidated profit for the reporting period rose by 22.4% or EUR4.7
million to EUR25.4 million (H1 2013: EUR20.7 million). Profit per share
rose by EUR0.10 to EUR0.53 per share (H1 2013: EUR0.43 per share).
Excellent development of cash flow from current business activities:
Cash flow from current business activities grew sharply by EUR23.8 million
approval by the European Commission.
Summary Report on 1st Half-Year 2014
Subscriber growth - positive dynamics continue:
The increase in the number of MVNO subscribers continued unabated in the
first six months of fiscal 2014. Year on year, the subscriber base
increased by a total of 13.9% or 222,000 to 1.815 million. In the
significantly more profitable budget sector, the number of subscribers rose
by 55.7% or 366,000 to 1.023 million (H1 2013: 657,000), while the number
of volume subscribers dropped slightly by 144,000 to 792,000 (H1 2013:
936,000.
Significant improvement in profit from stable Service Revenues:
Service revenues rose slightly by 0.4% to EUR139.6 million (H1 2013:
EUR139.0 million). This means that Drillisch AG performed better than the
market. Service revenues in the 2nd quarter rose by 0.6% to EUR69.5 million
(Q2 2013: EUR69.1 million).
Sharp rise in gross profit:
Gross profit improved by EUR11.9 million or 21.2% to EUR68.0 million in the
first half of 2014 (H1 2013: EUR56.1 million). The gross profit margin
increased by 9.8 percentage points to 48.0% (H1 2013: 38.2%).
EBITDA reaches new high at the upper end of the target corridor:
With growth of 24.2% to EUR42.4 million (H1 2013: EUR34.1 million) EBITDA
reached a new record figure. The EBITDA margin improved by 6.7 percentage
points to 29.9% (H1 2013: 23.2%).
Increase in income is reflected in consolidated profit:
Compared with the consolidated profit for the first half of 2013, adjusted
for the effects from the reduction of the stake in freenet, the
consolidated profit for the reporting period rose by 22.4% or EUR4.7
million to EUR25.4 million (H1 2013: EUR20.7 million). Profit per share
rose by EUR0.10 to EUR0.53 per share (H1 2013: EUR0.43 per share).
Excellent development of cash flow from current business activities:
Cash flow from current business activities grew sharply by EUR23.8 million
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