Drillisch AG: Q1-2012 - successful start 2012; revenues +4.8% to EUR84.2m (Q1-2011: EUR80.3m); EBITDA +18.5% to EUR14.8m (Q1-2011: EUR12.5m); Gross Profit Margin >30% for the first time; Postpaid Subs. +24.7% to 1,526 million (Q1-2011: 1,253m)

Drillisch AG: Final Q1: successful start 2012; Revenues +4.8% to 84.2m EUR (Q1-2011: 80.3m EUR); EBITDA +18.5% to 14.8m EUR (Q1-2011: 12.5m EUR); Gross Profit Margin >30% for the first time; Postpaid subs. + 24.7% to 1,526 million (Q1-2011: 1,253m)

Maintal, 10. May 2012 - The Drillisch AG (ISIN DE 0005545503) has started the new fiscal year successfully with an increase in the relevant KPIs EBITDA and gross profit

The dynamic growth in the postpaid subscriber base continued unabated into the first quarter 2012. Compared with Q4-2011, the Postpaid subscriber base increased by 24.7% or 309,000 to 1,562 million. The Prepaid subscriber base decreased in the same period according to plan to 865,000. As a consequence, the ratio of postpaid to prepaid subscribers improved in the year-on-year comparison to 64% to 36% (Q1 2011: 51% to 49%).

The 'service revenues' and the new customer acquisition revenues, essentially the income from the provision of the ongoing wireless services (voice and data transmission) and their settlement on the basis of the current customer relationships rose in the first quarter of 2012 by EUR2.9 million or 4.0 percent to EUR75.3 million (Q1 2011: EUR72.4m). Other revenues, which include low-margin business such as sales of devices, increased by EUR1.0 million to EUR8.9 million (Q1 2011: EUR7.9m). As such, total revenues improved by EUR3.9 million or 4.8 percent overall to EUR84.2 million in the first quarter 2012 (Q1 2011: EUR80.3m).

Gross profit for the first quarter 2012 increased by some EUR5.0 million or 22.0 percent to EUR27.7 million (Q1 2011: EUR22.7 million). The gross profit margin improved by 4.6 percent points to 32.9 percent (Q1 2011: 28.3%) - the very first time in history that gross profit crossed the 305 level - and even confirmed the result for 2011 (31 December 2011: 29.4%).

Compared with the same quarter the previous year, Group EBITDA increased by 18.5 percent or EUR2.3 million to EUR14.8 million (Q1 2011: EUR12.5 million). The EBITDA margin improved by 2.1 percent points to 17.6 percent (Q1 2011: 15.5%).

The consolidated result comes to EUR2.8m (Q1 2011: EUR10.9m). The consolidated result adjusted for the effects of the disclosure in equity in the balance sheet and the market valuation of the hedging transaction of our freenet shares came to EUR8.9m (Q1 2011: EUR8.3m). The profit per share amounts to EUR0.05 (Q1 2011: EUR0.21) or, when adjusted, EUR0.17 (Q1 2011: EUR0.16).

Drillisch Group's transformation from the previous classic service provider to an MVNO (mobile virtual network operator) has proven to be the right strategic decision to assure the continuation of qualitative growth over a period of many years. Drillisch is therefore forecasting an improvement in EBITDA (adjusted) to EUR58 million in fiscal 2012 following EUR52.6 million in fiscal 2011 and an increase of the postpaid subscriber base.

Final Q1-2012 report (IFRS)

The Q1-Report will be published on 11 May under the following link
http://www.drillisch.de/index.php?page=reports&group=investor-e:reports

Maintal, 10. May 2011

Drillisch AG

The Management Board

Contact:
Oliver Keil
Head of Investor Relations
Mail: ir@drillisch.de