logo
Plus   Neg
Share
Email

1&1 Drillisch H1 EBIT Down

1&1 Drillisch AG reported that its consolidated EBIT or earnings before interest and taxes for the first half of 2019 declined to 261.1 million euros from 262.7 million euros in the prior year.

But, earnings before interest, taxes, and depreciation and amortisation or EBITDA rose to 340.4 million euros from last year's 340.1 million euros. This small increase results from a contractual adjustment mechanism for certain advance service prices not being extended again at the end of 2018.

Revenues grew by 0.4% to 1.83 billion euros from 1.82 billion euros in the same period last year.

Owing to the increased demand on the part of current customers for LTE mobile rate plans, the company adjusting revenue forecast in that it now expects an increase by about 3% instead of growth of about 4% in the service revenue for 2019, compared to 2.88 billion euros in 2018.

The company currently expects EBITDA to grow by about 8% in 2019 instead of increasing by about 10%, compared to 721.9 million euros reported in 2018). After the conclusion of the assessment arbitration, the company is planning to issue an even more concrete forecast for the EBITDA.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration on Tuesday unveiled a new international collaboration for simultaneous review and approval of cancer drugs along with the agency's Australian and Canadian counterparts. The simultaneous approval of cancer therapies by the three regulators is intended to accelerate the process of making these new treatments available to patients around the world. Humanscale Corp. recalled about 24,900 units of QuickStand Lite workstations for concerns of injury hazard. These include about 2,200 units sold in Canada. The recalled workstation's arm can break and cause the workstation to fall, posing a risk of injury. The company has already received 52 reports of the arm breaking, including 12 reports of minor injuries. Facebook has revealed more details on the structure of an independent "oversight board" that will make final decisions about what posts stay up or come down, even if the company disagrees. The new "Oversight Board" will govern appeals from both Facebook and its users.
Follow RTT