Ad hoc: mobilcom with best quarterly profits in over five years

5/13/2004, 7:33 AM (Source: GlobeNewswire)
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The mobilcom group's first quarter profits in 2004 were the best in
over five years. Operating profits (EBITDA) reached €53.1M
(Q1 2003 = €18.8M), with EBIT of €36.5M (Q1 2003 =
€0.1M) and group profits of €16.1M (Q1 2003 =
€0.5M). Compared with the fourth quarter of 2003, the
company's operating profit have more than tripled (EBITDA Q4 2003 =
€16.3M). Both terrestrial/Internet activities with the
freenet subsidiary and the company's mobile telephony operations
contributed to this development. The profitability of the mobile
telephony service provider increased significantly: with EBITDA of
€15.2M (Q1 2003 = €-5.2M) and EBIT of
€8.7M (Q1 2003 = €-14.2M), mobilcom achieved an
impressive first quarter EBITDA margin of 4.4 percent and an EBIT
margin of 2.5 percent. A positive impact was made on the one hand by
an improved customer structure and on the other by ongoing strict
control of operating costs. The turnover trend also remains positive,
with revenue rising to €467.7M (Q1 2003 = €452.9M).
The number of mobilcom customers has stabilized at 4.2 million, with
well over half of these contract clients (57 percent). In the first
quarter, 423,000 new customers chose mobilcom - with the trend rising
from month to month. While the company's share of existing customers
is 6.3 percent, its market share of new customers is 10 percent. For
the 2004 business year, we continue to aim for a balance between
growth and profitability: the strong first quarter in the mobile
telephony service provider segment confirms the forecast of the
executive that improved turnover and cost structure in the 2004
business year will enable significant growth to an expected 4.4
million customers, as well as achieving a positive earnings
contribution (EBIT) in the mobile telephony division. For the group
as a whole, mobilcom continues to forecast clear positive profits
above the level of the 2003 business year.

Comparison of key cumulative and quarter-on-quarter data for the
mobilcom Group:

Accounting method: IAS / IFRS


+-------------------------------------------------------------------+
| | Q1 2004 | Q1 2003 |
|-----------------------------------------------+---------+---------|
| Employees end of quarter | 2,790 | 3,462 |
|-----------------------------------------------+---------+---------|
| Group Turnover (Mio.€) | 468 | 453 |
| | | |
|-----------------------------------------------+---------+---------|
| Turnover Service-Provider | 349 | 321 |
|-----------------------------------------------+---------+---------|
| Turnover Fixed Line / Internet | 119 | 132 |
|-----------------------------------------------+---------+---------|
| Group EBITDA (Mio.€) | 53.1 | 18.8 |
|-----------------------------------------------+---------+---------|
| EBITDA Service-Provider | 15.2 | -5.2 |
|-----------------------------------------------+---------+---------|
| EBITDA Fixed Line / Internet | 37.9 | 24.0 |
|-----------------------------------------------+---------+---------|
| Group EBIT (Mio.€) | 37.9 | -1.0 |
|-----------------------------------------------+---------+---------|
| EBIT Service-Provider | 8.7 | -14.2 |
|-----------------------------------------------+---------+---------|
| EBIT Fixed Line / Internet | 27.8 | 14.3 |
|-----------------------------------------------+---------+---------|
| Net Result (Mio.€) | 16.1 | 0.5 |
|-----------------------------------------------+---------+---------|
| Earnings per share (€) | 0.25 | 0.01 |
|-----------------------------------------------+---------+---------|
| Group Net Cash | 348 | 49 |
|-----------------------------------------------+---------+---------|
| Cash and cash equivalents (Mio. €) | 356 | 223 |
| am Stichtag | | |
|-----------------------------------------------+---------+---------|
| Equity ratio in % | 61.0 | 25.4 |
+-------------------------------------------------------------------+

--- End of Ad-hoc Message ---
WKN: 662240; ISIN: DE0006622400; Index: MIDCAP, HDAX, TECH All Share, CDAX, Prime All Share, TecDAX;
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