1&1 Drillisch AG Company Profile and Outlook
1&1 Drillisch AG is a listed stock corporation which offers telecommunication services. The core business of 1&1 Drillisch Group is telecommunications and is essentially conducted by the wholly-owned subsidiaries Drillisch Online AG ("Drillisch Online"), Maintal, and 1&1 Telecommunication SE ("1&1"), Montabaur. Drillisch's primary activity is the marketing of postpaid and prepaid products in the networks of Telefónica and Vodafone as well as landline and DSL products, including the related applications (such as home networking, online storage, telephony, video on demand or IPTV).
The Group has a total workforce of about 3,494 associates. In the first nine months of 2017, we realised revenues of 1,965.2 million (9M 2016: EUR1,788.4m).
Despite high investments in customer growth, the consolidated EBITDA from ongoing activities (earnings before interest, taxes, depreciation and amortisation from ongoing activities) increased by EUR69.8 million (24.7%) to EUR352.7 million during the first nine months (9 months 2016: EUR282.9 million). These figures are evidence that our course for growth is continuing during the year and is in line with our budget for the year as a whole.
Beginning with standardised and unbundled advance services from the wireless network providers Telefónica O2 Germany GmbH & Co. OHG ("O2") and Vodafone D2 GmbH ("Vodafone"), we develop flexible services on the basis of our own product ideas, giving us the opportunity to respond to changes in the market as well as to contribute actively to the definition of the wireless services market with our innovative rate plans.
We expect an EBITDA in 2017 in the amount of EUR520 million to EUR530 million for the combined entity and are anticipating a further increase in profitability for business year 2018. Furthermore, we intend to ensure that shareholders benefit appropriately from the success of the Company in future as well.