Ad-hoc | 11 May 2004 10:58

Drillisch AG: Major Improvement in Key Figures for 1st Quarter 2004

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Major Improvement in Key Figures for 1st Quarter 2004 EBITDA at 4.7 million euros; groups sales increase to 83.7 million euros; number of wireless subscribers grows to some 1.6 million; EBITDA guidance for 2004 put at about 22 million euros Drillisch AG today announced its group figures for 1st quarter 2004 (Q1/04) presenting its first fully consolidated quarter following the November 2003 acquisition of VICTORVOX AG. The company posted a remarkably favorable development in results during the reporting period as shown in the following operating indicators. The EBITDA rose 161.1 percent from 1.8 million euros (Q1/03) to 4.7 million euros in 1st quarter 2004. Group revenues improved 189.6 percent from 28.9 million euros (Q1/03) to 83.7 million euros. The number of wireless subscribers totaled about 1.6 million compared to the 570,000 in 1st quarter last year. The EBIT increased 211.1 percent from 0.9 million euros (Q1/03) to 2.8 million euros as at 31 March 2004. The Drillisch Group continues to maintain a positive free cash flow and had not taken out any bank loans as at 31 March 2004. As of today, the Drillisch Group expects to post an EBITDA (earnings before interest, taxes, depreciation and amortization) of 22 million euros for fiscal year 2004. The Group therefore anticipates an increase in EBITDA of 66,7 percent (EBITDA 2003: 13.2 million euros) in fiscal year 2004. end of ad-hoc-announcement (c)DGAP 11.05.2004 ——————————————————————————– WKN: 554550; ISIN: DE0005545503; Index: NEMAX 50 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hannover, München und Stuttgart 111058 Mai 04