Corporate | 24 March 2010 21:30
Drillisch AG / Final Results/Forecast 24.03.2010 21:30 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Drillisch AG reports Final 2009 Report and issues an EBITDA forecast for 2010 of EUR46 million after EUR43.5 million in 2009. Equity Ratio 48.7% (2008: 17.4%) Cash-Flow from curr. Bus. Operations EUR53.9m (2008: EUR42.6m) Cash EUR26.9m (2008: EUR4.3m) Dividend proposal of 30 Euro Cent per share for the AGM on 28 May 2010 EBITDA guidance of EUR46m for 2010 Maintal, 24 March 2010 - The wireless services provider Drillisch (ISN DE 0005545503) has brought fiscal year 2009 to a successful conclusion featuring positive development despite the global financial and economic crisis. Starting from this solid position, the Company is planning its next steps, aiming once again to raise the bar on the German wireless services market with innovative products and services. Revenue development towards the end of the fiscal year was definitely positive. It rose by 9.5% or EUR8.0 million to EUR92.4 million in the fourth quarter (Q4 2008: EUR84.4m). Consolidated sales in the past year came to EUR344.5 million and were 1.6% or about EUR5.6 million below the previous year's mark of EUR350.1 million. Gross profit came to EUR80.9 million at the end of the year, an improvement over the previous year (2008: EUR73.3 million) of 10.3% or EUR7.6 million. The gross profit margin improved significantly by 2.6 percentage points to 23.5% (2008: 20.9%) and marks a new record high in the Company's history. Consolidated profit reached EUR101.2 million (2008: minus EUR184.1 million). Thanks to good business development the equity ratio was significantly more than double the figure at the end of 2008 (previous year: 17.4%), increasing to 48.7%. Cash flow from current business activities grew by EUR11.3 million to EUR53.9 million (2008: EUR42.6 million). The good operating cash flow caused cash to rise by EUR22.6 million to EUR26.9 million (2008: EUR4.3 million). The innovative, fair, flexible and low-cost rates for Mobile Telephony and Mobile Internet offered by Drillisch represent major highlights on the German wireless services market. Due to the pleasant dynamic development in the Discount segment and the Mobile Internet segment, Drillisch AG expects to grow in a profitable manner in 2010 as well. Drillisch Group Figures Based on IFRSIn EURm 2009 2008 Turnover 344.5 350.1 EBITDA 50.7 40.6 EBITDA adjusted 43,5 40,6 EBIT 44.4 33.9 EBT 110.9 -172.4 Consolidated results 101.2 -184.1 EPS 1.98 -3.58 EBITDA margin in % of turnover 14.7 11.6 EBITDA margin (adjusted) in % of turnover 12.6 11.6 EBIT margin in % of turnover 12.9 9.7 EBT margin in % of turnover 32.2 -49.2 Consolidated profit margin in % of turnover 29.4 -52.6 Equity ratio (equity in % of balance sheet total) 48.7 17.4 Return of Equity (ROE) (ratio Group result to equity) 318.8% -78.8% Cash-flow from current business operations in EURm 53.9 42.6 Depreciation excluding goodwill in EURm 6.3 6.7 Investments (in tangible and intangible fixed assets) 3.9 3.9 adjusted in EURm Staff as annual average (incl. Management Board) 382 347 Subscribers (in thousands) as per 31/12 2,250 2,371 Therof Debit 1,268 1,525 Therof Credit 982 846The Annual Report will be published on 25 March on the Internet; log on to: http://www.drillisch.de/index.php?page=reports&group=investor-e:reports Maintal, 24 March 2010 Drillisch AG The Management Board Contact: Oliver Keil Head of Investor Relations Mail: ir@drillisch.de 24.03.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: 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 Indices: TecDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------