DGAP-News

Drillisch AG: EBITDA forecast exceeded - significant improvement in all major KPIs striking proof of successful corporate strategy - EBITDA forecast for 2017 confirmed - Seite 2

Strong development in revenue and service revenue
Revenue in fiscal year 2016 grew by a total of EUR80.4 million (12.8%) to EUR710.0 million (2015: EUR629.5 million). Thanks to the number of subscribers, which once again rose sharply in comparison with the previous year, Drillisch was able to increase significantly the service revenue in particular by EUR117.6 million (27.1%) to EUR551.3 million (2015: EUR433.7 million).

Excellent development in subscriber base
The total number of MVNO subscribers grew by 772,000 (29.8%) to 3.359 million subscribers (2015: 2.587 million subscribers). The driver behind this positive development was once again the extremely dynamic growth in the highly profitable budget subscribers. The number of subscribers in this sector grew by 931,000 (48.2%) to 2.863 million subscribers (2015: 1.932 million subscribers). The number of subscribers in the significantly lower-margin volume segment, on the other hand, declined further to 496,000 (2015: 655,000 subscribers). The average gross profit per MVNO customer increased over the previous year by EUR0.24 (3.3%) to EUR7.58 (2015: EUR7.34).

Substantial increase in gross profit and EBITDA despite high investments promoting clientele growth
Although investments in the previously mentioned subscriber growth continued to be high, gross profit and the EBITDA rose significantly in the past fiscal year 2016. While gross profit increased by EUR24.4 million (9.6%) to EUR278.9 million (2015: EUR254.4 million) and the gross profit margin reached 39.3% (2015: 40.4%), the EBITDA (earnings before interest, taxes, depreciation and amortisation) rose by EUR14.6 million (13.9%) to EUR120.2 million (2015: EUR105.6 million). The EBITDA margin improved slightly to 16.9% (2015: 16.8%).

Positive development continues on a quarterly basis as well
On a quarterly basis, service revenue rose by EUR26.6 million (22.2%) to EUR146.9 million (Q4 2015: EUR120.2 million).

While gross profit declined slightly by EUR1.9 million (2.5%) to EUR73.2 million (Q4 2015: EUR75.0 million), the EBITDA in Q4 2016, in contrast, increased significantly by EUR20.2 million (115.9%) to EUR37.5 million (Q4 2015: EUR17.4 million). The EBITDA margin in Q4 2016 amounted to 20.0% (Q4 2015: 10.0%).