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Even Greater Growth, Fixed-Net Segment Sold, New Alignment
In the first six months of 2000 the Drillisch Group increased
sales revenues from DM 116.6 million to DM 181.5 million, its EBITDA
from DM 9.0 to DM 20.8 million and its profit from ordinary
activities (adjusted for DM 2.0 million in goodwill amortization)
from DM 5.9 to DM 15.2 million.
When taking into account the sale of its fixed-network segment,
sales revenues climbed from DM 116.1 to DM 167.5 million, the EBITDA
from DM 11.5 to DM 21.5 million and the profit from ordinary activity
(adjusted for DM 2.0 million in goodwill amortization) from DM 8.9 to
DM 18.1 million.
The Drillisch Group recognized the enormous growth potential of
the wireless communications market and wireless-related Internet
services early on in the game and aligned itself accordingly. The
group was newly aligned following the sale of its fixed-network
segment to the Finnish network operator Elisa Communications. In the
future the Drillisch Group will occupy the strategic wireless
telephone and IT/Internet business fields. The sale of the fixed-net
segment has provided the group additional capital for investments in
the wireless and IT/Internet fields. All of the groups companies
classified in the IT/Internet field are to be strategically
consolidated. This will occur in light of the fact that Drillisch
continues to enjoy a solid presence among major clients for which it
wants to provide interesting wireless/Internet solutions.
It is through Open-Net Oy that Drillisch is today represented on
the market for mobile Internet solutions. Open-Net Oy has been
providing content for IOBox Oy since this year. The assessments of
the value of business in this market segment were impressively
confirmed by the 230-million-euro transaction of IOBox Oy to terra
Mobile, a subsidiary of Telefonica. Besides the Drillisch wireless
communications customers, the groups goal is use its new mobile
Internet content products to address all the markets other wireless
customers and extend the relevant market for Drillisch AG and its
product portfolio beyond Germany and into other European countries.
With its 125,000 subscribers in this first half-year, the
Drillisch Group again posted its strongest sales performance in the
corporations history within the wireless phone segment. This was
achieved exclusively through organic growth. The number of
subscribers climbed to a total of ca. 375,000 as of 30 June 2000. It
was mostly due to the successful positioning of the Drillisch sales
organization on the market that the group was able to continue its
above-averge growth. In the wireless communications segment (not
including wholesaling of cellular equipment), sales in the first six
months of 2000 rose 47.1 percent to DM 134.3 million. This increase
can be attributed to growth and the large subscriber base.
Sales in wholesaling of end-user wireless terminal equipment
increased from DM 16.4 to DM 27.6 million. This strong rise is
attributable to the positive positioning of sales on the market.
Revenues of DM 14.1 million were posted in the fixed-net segment.
In the prior year period sales stood at DM 0.5 million. This increase
is due primarily to having initiated open call-by-call service on 1
Sales in the IT segment declined to DM 5.6 million from DM 8.4
million. It should be kept in mind that new sales from mobile
Internet projects will only have an impact starting in the second
half of the year. This correction to sales revenue is a result of the
disposal of sites, whose activities were concentrated on
non-group-related product fields, as a means to make realignments
leading up to newly positioning the group.
Drillisch is not bidding for one of the UMTS licenses in Germany.
Instead Drillisch will create its own mobile content platforms to
spark major interest of UMTS network operators in its mobile Internet
products. Additionally, there will be the opportunity for the
Drillisch Group to conclude cooperation agreements with these UMTS
operators. According to various market studies, Content+Solution will
form up to 70% of the income from UMTS subscriber sales. Drillisch
AG, as a network-operator-independent mobile content provider, wants
to hold a disproportionately large share in this income potential.
For additional information please contact:
Drillisch AG Investor Relations Charlotte C. Heidrich, Graduate
Economist Horbeller Straße 31, D-50858 Köln Tel.: 02234 / 92 04-0,
Fax: -158 E-mail: email@example.com
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Original-Content von: Drillisch AG, übermittelt durch news aktuell