Debitel AG
debitel AG english
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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debitel grows faster than market trend and continues to make good profits
Stuttgart. August 24, 2001. debitel AG increased its subscriber base by 900,000
to a total of approximately 9.5 million subscribers in its various markets
within Europe during the first half of 2001, which is 51% higher than the
previous year.
According to US GAAP, group revenues stood at EUR1.2 billion at the end of the
first half of 2001, an increase of 5% compared to the first half of 2000. The
fact that revenues grew slower than in the previous year is primarily due to
price reductions. Another reason is that the proportion of prepaid customers,
who generate lower revenues, grew sharply during the last year.
The Group improved EBIT by 79% to EUR43 million. EBITDA increased to EUR62
million, a rise of 63% compared with the first half of last year.
In Germany debitel had over 7.3 million subscribers at the end of the first
half of 2001, 65% more than in the previous year. Mobile telephony in Germany
still makes the biggest contribution to revenues and earnings. debitel’s
revenues in Germany increased by 2% to EUR855 million (1st half of 2000: EUR835
million). EBIT of EUR41 million were similar to the previous year’s result. This
figure includes one-time effects from the prepaid business (income is accrued
only after cards have been used) and from the sale of debitel Belgium. Lower
expenditure for acquiring new customers – due to weaker market growth – was
offset by higher spending on customer retention.
A company overview is given in the table below:
June 30, 2000 June 30, 2001
Revenues 1,170 million EUR 1,224 million EUR
EBIT 24 million EUR 43 million EUR
Subscribers 6,277,000 9,510,000
Net income 15 million EUR 26 million EUR
Earnings per share 0.17 EUR 0.29 EUR
Employees 2,739 3,246
end of ad-hoc-announcement (c)DGAP 24.08.2001
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WKN: 540 800; Index:
Listed: Amtlicher Handel in Frankfurt; Freiverkehr in Berlin, Bremen,
Düsseldorf, Hamburg, Hannover, München und Stuttgart
240743 Aug 01
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