Report

1&1 Drillisch : Publication in line, questions on 2018 guidance

>Revenues and EBITDA in line - The group reported H1 2018 pro forma revenues up +14.5% to € 1.819bn, which corresponds to the consensus forecast for Q2 of € 915m (Oddo BHF’s estimate: € 912m, consensus: € 914m). In a context of strong competitive pressure from Telefonica Deutschland in the midmarket segment, 1&1 Drillisch posted net-adds of +190k in Q2 (Oddo BHF’s estimate: +200k, consensus: +219k) avec +20k de contracts DSL full service (Oddo BHF : +10k, consensus: +...
Underlying
1&1 Drillisch AG

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.

Provider
Oddo BHF
Oddo BHF

​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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Matthias Desmarais
  • Matthias Desmarais

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