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1&1 Drillisch Q1profit Rises; Confirms FY19 Outlook

1&1 Drillisch AG (DRHKF.PK), a German telecommunication service provider, reported Wednesday that its first-quarter consolidated earnings before interest and taxes or EBIT rose 1.4 percent to 128.8 million euros from last year's 127.0 million euros.

Profit per share grew 5 percent to 0.50 euro from 0.48 euro a year ago.

Profit per share excluding ppa write-offs was 0.62 euro, compared to 0.59 euro a year ago.

Earnings before interest, taxes, depreciation and amortisation or EBITDA rose 1.8 percent to 168.5 million euros from prior year's 165.5 million euros.

EBITDA, adjusted for IFRS 16 effects, one-offs for integration projects and the absence of a price adjustment mechanism, increased 9.7 percent.

Total revenues edged up 0.9 percent to 912.1 million euros from 904.3 million euros last year. The high-margin service revenues increased 3.5 percent to 730.4 million euros.

The number of customer contracts across all customer groups increased by 180,000 sequentially to 13.72 million contracts.

Looking ahead for fiscal 2019, 1&1 Drillisch substantiates its forecast to the effect that high-margin service revenues should continue to grow by around 4 percent from last year's 2.88 billion euros.

The company expects EBITDA to continue to grow by approximately 10 percent from last year's 721.9 million euros.

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