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23:34 | 13.08.2008
DJ DGAP-Adhoc: Drillisch AG raises net profit by 50.6% in H1-2008 to EUR11.3m and confirms guidance
DJ DGAP-Adhoc: Drillisch AG raises net profit by 50.6% in H1-2008 to EUR11.3m and confirms guidance
Drillisch AG / Half Year Results
13.08.2008
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Drillisch AG raises net profit by 50.6% in H1-2008 to EUR11.3m and
confirms guidance
Maintal, 13. August 2008
The mobile-communications service provider Drillisch (ISIN DE 0005545503)
continued its dynamic growth path in the first six months of the year and
reached in the traditional weaker part of the year more than 50% of the
EBITDA guidance
Net profit increased by 50.6% in H1-2008 and reached with EUR11.3 million a
record high in the history of the company.
The subscriber base rose by 45k to 2.3 million in the second quarter
compared with the first quarter 2008. On a semi-annual base, the group
increased its subscriber base by 205k or 10%.
Sales reached EUR89.2 million at the end of the second quarter, some EUR4.6
million more than at the end of Q1-2008. At the end of H1-2008, sales
reached EUR173.8 million (+2.3%) compared with the EUR169.9 million at the end
of H1-2007.
Gross profit jumped at the end of the second quarter some 10% or EUR1.7
million to EUR19.3 million compared with EUR17.6 million at the end of the
first quarter. On a semi-annual comparison, gross profit increased by 4.2%
or EUR1.5 million to EUR36.9 million from EUR35.4 million.
The adjusted EBITDA reached after the first six months of the business year
EUR20.3 million (+19.8%) compared with the EUR17 million at the end of H1-2007.
Compared with Q1-2008, the EBITDA reached EUR10.8 million (+13.7%) an
increase of EUR1.3 million. The EBITDA-Margin of almost 12% exceeds after the
first six months of the business year the magnitude of FY2007.
At the end of H1-2008, EBIT increased by 9.3% and reached EUR16.7 million
compared with EUR15.3 million at the end of H1-2007. In the second quarter of
the business year 2008, EBIT reached EUR9.7 million.
Cash Flow from current business operations reached EUR19.8 million at the end
of the second quarter compared with EUR8 million at the end of the first
quarter 2008. This is an increase of 147.5%. Compared with the first six
months of 2007 this is an increase of 104% or EUR10.1 million.
Aside of the old core business, our 'Mobile Internet' line is developing
reasonable well. The Drillisch AG has positioned itself at an early stage
in this future growth segment.
The Drillisch AG therewith states that an efficient corporate structure
leads to uninterrupted profit growth. Based on current planning, the
Management Board expects an EBITDA of about EUR40 million in fiscal year 2008
and a subscriber base of about 2.35 million as of the end of the year.
The Drillisch Group at a glance (final figures)
|[![CDATA[|[pre|]]]|]
In million Euro 30.06.2008 30.06.2007
Sales 173.8 169.9
EBITDA 20.0 17.0
EBITDA-Margin in % 11.5% 10.0%
EBITDA (adjusted) 20.3 17.0
EBITDA-Margin (adj.) in % 11.7% 10.0%
EBIT 16.7 15.3
EBIT-Margin 9.6% 9.0%
EBT 16.3 12.4
EBT-Margin 9.4% 7.3%
Consolidated Profit 11.3 7.5
Earnings per share 0.22 0.21
Subscribers (in million) 2.281 2.076
|[![CDATA[|[/pre|]]]|]
The complete report is available for download in the course of the morning
http://www.drillisch.de/index.php?page=reports&group=investor-e:reports
Maintal, 13. August 2008
Drillisch AG
Executive Board
Contact:
Oliver Keil
Head of Investor Relations
Mail: ir@drillisch.de
13.08.2008 Financial News transmitted by DGAP
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Language: English
Issuer: Drillisch AG
Wilhelm-Röntgen-Straße 1-5
63477 Maintal
Deutschland
Phone: +49 (0)6181 412 200
Fax: +49 (0)6181 412 183
E-mail: ir@drillisch.de
Internet: www.drillisch.de
ISIN: DE0005545503
WKN: 554550
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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(END) Dow Jones Newswires August 13, 2008 17:34 ET (21:34 GMT) |
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