Drillisch reports 24% rise in Q3 EBITDA

17 Nov 2014

German mobile service provider Drillisch has reported revenue of EUR213.0 million (USD266.7 million) for the nine months ended 30 September 2014, a decrease of 2.2% from EUR217.9 million in the year-ago period. Service revenue increased by 1.3% from EUR207.2 million in 9M 2013 to EUR209.8 million twelve months later. Drillisch said that consolidated EBITDA rose 23.9% over the same period to EUR64.6 million, while gross profit increased by 20.9% year-on-year to EUR105.3 million. In the first nine months of 2014 the company posted consolidated profit of EUR38.7 million, compared to EUR147.1 million in the corresponding period of 2013; adjusted for the effects from the reduction of its stake in freenet, consolidated profit amounted to EUR38.2 million in 9M13. At 30 September 2014 Drillisch had a total MVNO customer base of 1.869 million, compared to 1.648 million a year earlier.

Last week Drillisch concluded a non-binding Letter of Intent (LoI) with Telefonica Deutschland via its subsidiary E-Plus Mobilfunk regarding the acquisition of all shares of yourfone, intended for January 2015. The purchase price is expected to be in the medium to high double-digit million euro range and is subject to approval from antirust bodies. Telefonica became owner of Hamburg-based yourfone, which currently has approximately 235,000 active customers, after buying E-Plus from Dutch firm KPN earlier this year.

Germany, 1&1 Drillisch