1&1 Drillisch : Good numbers (adjusted EBITDA 3% > consensus) despite weaker-than-expected customer acquisitions. The outlook on 5G remains cloudy.
>Revenue penalised by terminals (but service revenues up 3.5%), EBITDA 3% above the consensus - 1&1 Drillisch has reported Q1 2019 revenue up 0.9% at € 912m, 2% below consensus expectations (Oddo BHF: € 929m; consensus: € 934m). The performance reflected weaker-than-expected growth in new mobile contracts of 170k (Oddo BHF: +200k; consensus: +191k) with 10k new full-service DSL contracts (Oddo BHF: +20k; consensus: +18k). For the first time, the group reported service...Drillisch is a holding company. Co. through its subsidiaries, is a mobile virtual network operator in Germany. The services acquired from the network operators Telekom Deutschland GmbH, Vodafone D2 GmbH, E-Plus Mobilfunk GmbH and Telefonica O2 Germany GmbH & Co. OHG are sold further to the end consumers for Co.'s own account and at rates established by Co. Co. organizes its operations into three segments: telecommunications, which includes its activities in the sector of wireless services; freenet holding, which comprises the operations of its freenet AG subsidiary; and software services, which involves activities related to the development and marketing of a workflow management software.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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