Report

1&1 Drillisch : Q3 did not dispel doubts about mobiles: (EBITDA 3% < consensus), mobile net-adds in line (+200k)

>Mobile net-adds in line (+200k), EBITDA 3% shy of consensus - 1&1 Drillisch has reported pro-forma growth in its 9M revenues of 12.7% to € 2,719m. This gives € 900m in Q3, 2% shy of the consensus estimate of € 918m. After the slowdown in mobile net-adds to +190k in Q2, the group posted +200k net-adds this quarter (our forecast: +220k, consensus: +200k). This result coincides with the entry-level special offers this summer (Yourfone, Smartmobil) in response to the cha...
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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