DGAP-Adhoc: Drillisch AG: Best H1 results in history, again - Gross Profit + 9.4% to EUR56.1m - EBITDA +2.8% to EUR34.1m - EBITDA Margin increased to 23.2%; - MVNO-subscribers +21.2% to 1,593m

Drillisch AG / Key word(s): Half Year Results/Forecast

08.08.2013 15:43

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Drillisch AG: Best H1 results in history, again: Gross Profit + 9.4% to
EUR56.1m (H1-2012: EUR51.3m); EBITDA +2.8% to EUR34.1m (H1-2012: EUR33,2m);
EBITDA Margin increased to 23.2%; MVNO-subscribers +21.2% to 1,593m
(H1-2012: 1,314m)

Maintal, 08 August 2013 - Drillisch AG (ISIN DE 0005545503) was once again
able to improve significantly all oft the major performance indicators in
H1-2013, according to preliminary numbers.

Sales Trend
Service Revenues - essentially the income from the provision of the ongoing
wireless services - which is adjusted for the sale of the sold prepaid
subscribers in 2012 and the impact from the reduction of the termination
rates fell by only 1.8 per cent to 142.6 million Euro (H1-2012: EUR145.2m).
The decline has to be compared with a decline amongst the competitors of up
to 4.5 per cent.

Gross Profit
In the first half oft he business year 2013, gross profit improved by9.4%
to 56.1 million Euro (H1-2012: EUR51.3m). The margin increased by 7.6
percentage points to 38.2 per cent (H1-2012: 30.6%).

AGPPU average gross profit per user
The positive gross profit performance is underpinned by the average gross
profit per user (AGPPU) indicator. This performance indicator factors in
both revenue and the cost of materials, thus reflecting more clearly the
operating strength of the wireless services business - the long-term value
of the customer relationship - than the average revenue per user (ARPU)
indicator, which only considers sales but not the cost of sales. The AGPPU
for our MVNO customers is EUR5.98 (H1-2012: EUR5.21). This corresponds to
an increase compared to the prior-year period of 14.8 per cent. This
development was driven by more ca. 657 thousand budget rate plan
subscribers (H1 2012: 313,205 subscribers), which represents an increase of
109.6 per cent compared to the prior-year period. The AGPPU for these
subscribers is EUR9.54 (H1-2012 2012: EUR9.72). Our current focus is on the
marketing of these rate plans. We are confident that we can further
increase these high-value subscribers.

EBITDA exceeded last years record results and is close to the upper end of
the target corridor
With an increase of 2.8 per cent to 34.1 million Euro (H1-2012: EUR33.2m),
EBITDA reached a new record. EBITDA-Margin improved by 3.4 percentage
points to 23.2 per cent (H1-2012: 19.8%).
In the first six months of 2012, one-off of EUR6.1 million from the sale of
prepaid accounts was included in Other operating income. Excluding this
one-off in 2012, the consolidated EBITDA rose by EUR7 million or 25.4 per
cent in the first half of 2013 compared to the previous year, which
underscores the positive performance of our core operations.

Consolidated Profits
Consolidated profits increased by 132.6 million Euro to 139.3 million Euro
(H1-2012: EUR6.8m) and thus the earnings per share rose by 2.77 Euro to
2.90 Euro per share (H1-2012: EUR0,13 per share).

MVNO-subscriber growth + 21.2 per cent
The MVNO subscriber based increased by 21.2 per cent or 279k subscribers to
1,593 million subscribers and so, the pleasant trend is continuing. The
planned clean-up in the prepaid base - and the well-known clean-up of
unprofitable subscribers in the old mobile service provider world leads to
a share oft he MVNO subscribers in the total customer base of 87.4 per
cent (H1-2012: 70.4%).

Forecast:
With the preliminary half year results and a positive and a positive
outlook for H2-2013, Drillisch is expecting an EBITDA for the current
business year, which is near towards the upper end oft he guidance of 67 to
70 million Euro. For the business year 2014 Drillisch is expecting a
further improvement of about 10 to 15 per cent to 77 to 80 million Euro.

Drillisch-Group at a glance- H1-2013 (prelim-figures)

in million Euro 30.06.2013 30.06.2012 Change in %
Turnover * 150,6 157,9 -4.6%
Service Revenues * 142,6 145,2 -1.8%

Gross Profit 56,1 51,3 +9.4%
Gross Profit Margin in % 38,2% 30,6%

EBITDA 34,1 33,2 +2.8%
EBITDA-Margin in % 23,2% 19,8%

Consolidated Profit 139.3 6.8 +1,961.8%
EPS 2.90 0.13 +2,118.6%

Subscribers (in thousand) (1) 1,823 1,866 -2.3%
- thereof MVNO customers 1,593 1,314 +21.2%
thereof Budget customers (2) 657 313 +109.6%%
thereof Volume customers (3) 936 1,000 -6.4%

AGPPU (4) Budget customers 9.54 EUR 9.72 EUR -1.8%
AGPPU (4) Volume customers 3.77 EUR 3.94 EUR -4.3%
AGPPU (4) customers (total) 5.98 EUR 5.21 EUR +14.8%

(1) thereof 139k prepaid and 91k postpaid service provider customers

(2) Tariff with inclusive volume (voice, SMS, data)

(3) Tariff with billing for usage 'pay as you go'

(4) AGPPU = Average Gross Profit per User

*Turnover and Service Revenues adjusted for already sold prepaid sub and
impact from the reduction oft he termination rates

The complete report is available for download in the course of 9 August
2012.
http://www.drillisch.de/index.php?page=reports&group=investor-e:reports

Maintal, 08 August 2013

Drillisch AG

Der Vorstand

Contact:

Oliver Keil
Head of Investor Relations
Mail: ir@drillisch.de

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Language: English
Company: Drillisch AG
Wilhelm-Röntgen-Straße 1-5
63477 Maintal
Germany
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
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart

End of Announcement DGAP News-Service

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