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).
1&1 Drillisch substantiates its forecast for the 2019 financial year to the effect that high-margin service revenues should continue to grow by around 4% (2018: €2,882.3 million) while the further development of low-margin hardware sales remains to be seen. The company expects EBITDA to continue to grow by approximately 10% (2018: €721.9 million). Also unchanged, 1&1 Drillisch plans to further substantiate its EBITDA forecast after completion of the aforementioned expert opinion process.