Ad-hoc | 25 November 2003 17:21
Drillisch AG
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Drillisch AG Acquires Mobile Communications Service Provider VICTORVOX AG;
EBITDA Guidance 2003 Raised by 4.1 Million Euros to 12 Million Euros
Drillisch AG, listed in the Prime Standard segment of the Frankfurt Stock
Exchange’s regulated market, has acquired all the shares of the Krefeld-based
service provider VICTORVOX AG. With today’s closing, 100% of VICTORVOX stock has
now been assigned to Drillisch AG. The parties have agreed not to discuss the
purchase price.
VICTORVOX AG has a staff of 293 employees and posted sales revenues of 297
million euros in 2002. Following this acquisition, Drillisch AG counted 1.5
million mobile subscribers as at 30 September 2003, now making it the number
four among German service providers with a market share of about 9 percent.
This purchase, and the related transfer of stock to Drillisch AG, sets the stage
for consolidating VICTORVOX AG within the Drillisch Group for the months of
November and December 2003. The initial consolidation will significantly improve
the Drillisch Group’s sales revenues and EBITDA in 4th quarter. The previous
EBITDA guidance of 7.9 million euros for the Drillisch Group in 2003 (not
including the consolidation of VICTORVOX AG) has been increased to 12 million
euros in light of these two pending months of consolidation.
end of ad-hoc-announcement (c)DGAP 25.11.2003
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WKN: 554550; ISIN: DE0005545503; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hannover, München und Stuttgart
251721 Nov 03