1&1 Drillisch AG Company Profile and Outlook
1&1 Drillisch AG is a listed stock corporation and one of the large network-independent telecommunications providers in Germany. The Company provides its customers with a comprehensive portfolio of services and products from the fields of broadband, mobile voice and data services. The core business of 1&1 Drillisch Group is telecommunications and is essentially conducted by the wholly-owned subsidiaries Drillisch Online GmbH ("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 broadband products, including the related applications (such as home networking, online storage, telephony, video on demand or IPTV).
Our Company is in a good position to take the next steps in its corporate development, and we are optimistic as we look ahead to the future. 1&1 Drillisch aims to achieve further customer growth in the coming fiscal year. In view of the uncertainties in the overall economic conditions because of the continuing spread of the coronavirus, 1&1 Drillisch expects revenues and EBITDA in in fiscal year 2020 to remain roughly at the previous year's level, assuming that terms and conditions for advance services remain the same.