Ad-hoc | 13 May 2003 07:31

Drillisch AG english

Drillisch AG: Consolidated results for the 1st quarter 2003 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– EBITDA increases by 43 percent to 1.7 million euros on a quarter-to-quarter comparison; EBIT rises by 92 percent to 0.7 million euros, thus exceeding the expectations of the capital market by 5 %; net income for the first quarter reaches 0.3 million euros following 5,000 euros in the first quarter 2002 Drillisch AG today announces its consolidated results for the first quarter 2003 (Q1/03). These show that the company achieved positive results for all key operative figures during the period under review. EBITDA rose from 1.2 million euros (Q1/02) to 1.7 million euros (Q1/03). In spite of difficult market conditions Drillisch AG was able to increase EBITDA by 43 percent on a quarter- to-quarter comparison. Group revenue dropped by some 9 percent to 28.9 million euros purely as a result of declining low-margin wholesale turnover in mobile handsets. The core business division of Service Providing even managed to increase revenue by some 3 percent on a quarter-to-quarter comparison. Between January and March 2003, the average revenue per mobile user (ARPU) increased by some 9 percent. The subscriber base declined to approximately 570,000 in the wake of adjustments to the debit customer base on the part of the network operators. The other key figures also continue to witness high levels of earnings momentum. EBIT increased by nearly 92 percent from 377,000 euros (Q1/02) to 722,000 euros in the first quarter 2003 and, as such, exceeded the expectations of the capital market by 5 %. For the first time ever since going public the bank debt- free company is able to report a positive financial result following the profitable investment of its surplus funds. As such, pre-tax profits rose from 185,000 euros (Q1/02) to 730,000 euros (Q1/03). The net income of the first quarter 2003 amounted to 0.33 million euros, following 5,000 euros (Q1/02), impressive proof on the part of Drillisch AG that it has been able to sustain the positive earnings trend through the fifth quarter. end of ad-hoc-announcement (c)DGAP 13.05.2003 ——————————————————————————– WKN: 554550; ISIN: DE0005545503; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hannover, München und Stuttgart 130731 Mai 03