Upcoming Dividend • May 14
Upcoming dividend of €0.05 per share Eligible shareholders must have bought the stock before 21 May 2026. Payment date: 26 May 2026. Payout ratio is a comfortable 6.5% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Austrian dividend payers (4.0%). Lower than average of industry peers (3.3%). Declared Dividend • Apr 10
Dividend of €0.05 announced Dividend of €0.05 is the same as last year. Ex-date: 21st May 2026 Payment date: 25th May 2026 Dividend yield will be 0.2%, which is lower than the industry average of 7.3%. Payout Ratios Payout ratio: 5%. Cash payout ratio: 5%. Reported Earnings • Mar 19
Full year 2025 earnings released: EPS: €0.94 (vs €1.21 in FY 2024) Full year 2025 results: EPS: €0.94 (down from €1.21 in FY 2024). Revenue: €4.14b (up 1.8% from FY 2024). Net income: €165.7m (down 22% from FY 2024). Profit margin: 4.0% (down from 5.2% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.4% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. New Risk • Mar 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.9% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (6.2% average weekly change). Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: €0.20 (vs €0.34 in 3Q 2024) Third quarter 2025 results: EPS: €0.20 (down from €0.34 in 3Q 2024). Revenue: €1.01b (flat on 3Q 2024). Net income: €36.1m (down 40% from 3Q 2024). Profit margin: 3.6% (down from 6.0% in 3Q 2024). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Aankondiging • Nov 12
1&1 AG Confirms Earnings Guidance for the Full Year 2025 1&1 AG confirmed earnings guidance for the full year 2025. For the year, the company confirms its service revenue and earnings forecast and expects for 2025 a stable contract base and service revenue at the previous year’s level (2024: €3,303.1 million). Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: €0.15 (vs €0.30 in 2Q 2024) Second quarter 2025 results: EPS: €0.15 (down from €0.30 in 2Q 2024). Revenue: €987.9m (flat on 2Q 2024). Net income: €27.4m (down 49% from 2Q 2024). Profit margin: 2.8% (down from 5.4% in 2Q 2024). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. New Risk • Jul 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 5.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (5.6% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.4% net profit margin). Aankondiging • Jun 30
1&1 AG Reaffirms Revenue Guidance for the Fiscal Year 2025 1&1 AG reaffirmed revenue guidance for the fiscal year 2025. For the year, the contract portfolio and service revenue are still expected to remain unchanged at the previous year’s level (2024: €3,303.1 million). New Risk • May 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.4% net profit margin). Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €18.32, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Wireless Telecom industry in Europe. Total loss to shareholders of 3.2% over the past three years. Reported Earnings • May 13
First quarter 2025 earnings released: EPS: €0.27 (vs €0.47 in 1Q 2024) First quarter 2025 results: EPS: €0.27 (down from €0.47 in 1Q 2024). Revenue: €1.02b (flat on 1Q 2024). Net income: €47.2m (down 43% from 1Q 2024). Profit margin: 4.6% (down from 8.1% in 1Q 2024). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Aankondiging • May 13
1&1 AG Confirms Earnings Guidance for the Financial Year 2025 1&1 AG confirmed earnings guidance for the financial year 2025. For the year, the company confirms its forecast and expects a stable contract base and service revenue at the previous year’s level for the 2025 fiscal year (2024: €3,303.1 million). Upcoming Dividend • May 08
Upcoming dividend of €0.05 per share Eligible shareholders must have bought the stock before 15 May 2025. Payment date: 19 May 2025. Payout ratio is a comfortable 4.1% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Austrian dividend payers (4.9%). Lower than average of industry peers (4.4%). Declared Dividend • Apr 06
Dividend of €0.05 announced Dividend of €0.05 is the same as last year. Ex-date: 15th May 2025 Payment date: 19th May 2025 Dividend yield will be 0.4%, which is lower than the industry average of 7.3%. Payout Ratios Payout ratio: 4%. Cash payout ratio: 43%. New Risk • Mar 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 48% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.2% net profit margin). Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: €1.21 (vs €1.79 in FY 2023) Full year 2024 results: EPS: €1.21 (down from €1.79 in FY 2023). Revenue: €4.06b (flat on FY 2023). Net income: €212.8m (down 32% from FY 2023). Profit margin: 5.2% (down from 7.7% in FY 2023). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: €0.34 (vs €0.41 in 3Q 2023) Third quarter 2024 results: EPS: €0.34 (down from €0.41 in 3Q 2023). Revenue: €1.00b (down 3.6% from 3Q 2023). Net income: €59.9m (down 18% from 3Q 2023). Profit margin: 6.0% (down from 7.0% in 3Q 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: €0.30 (vs €0.49 in 2Q 2023) Second quarter 2024 results: EPS: €0.30 (down from €0.49 in 2Q 2023). Revenue: €991.5m (up 2.0% from 2Q 2023). Net income: €53.8m (down 38% from 2Q 2023). Profit margin: 5.4% (down from 8.8% in 2Q 2023). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €12.84, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Wireless Telecom industry in Europe. Total loss to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €16.89 per share. Buy Or Sell Opportunity • Aug 05
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to €12.84. The fair value is estimated to be €16.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 5.6%. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings are also forecast to grow by 0.6% per annum over the same time period. Upcoming Dividend • May 10
Upcoming dividend of €0.05 per share Eligible shareholders must have bought the stock before 17 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 2.9% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Austrian dividend payers (5.8%). Lower than average of industry peers (8.4%). Reported Earnings • May 08
First quarter 2024 earnings released: EPS: €0.47 (vs €0.53 in 1Q 2023) First quarter 2024 results: EPS: €0.47 (down from €0.53 in 1Q 2023). Revenue: €1.02b (flat on 1Q 2023). Net income: €82.7m (down 12% from 1Q 2023). Profit margin: 8.1% (down from 9.2% in 1Q 2023). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, while revenues in the Wireless Telecom industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 24
Dividend of €0.05 announced Dividend of €0.05 is the same as last year. Ex-date: 17th May 2024 Payment date: 21st May 2024 Dividend yield will be 0.3%, which is lower than the industry average of 7.3%. Reported Earnings • Nov 12
Third quarter 2023 earnings released: EPS: €0.41 (vs €0.56 in 3Q 2022) Third quarter 2023 results: EPS: €0.41 (down from €0.56 in 3Q 2022). Revenue: €1.04b (up 4.0% from 3Q 2022). Net income: €73.0m (down 25% from 3Q 2022). Profit margin: 7.0% (down from 9.8% in 3Q 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: €0.49 (vs €0.55 in 2Q 2022) Second quarter 2023 results: EPS: €0.49 (down from €0.55 in 2Q 2022). Revenue: €972.1m (flat on 2Q 2022). Net income: €86.0m (down 12% from 2Q 2022). Profit margin: 8.8% (down from 10.0% in 2Q 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. New Risk • Aug 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 9.5% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results. Upcoming Dividend • May 10
Upcoming dividend of €0.05 per share at 0.5% yield Eligible shareholders must have bought the stock before 17 May 2023. Payment date: 22 May 2023. Payout ratio is a comfortable 2.4% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Austrian dividend payers (5.5%). Lower than average of industry peers (6.6%). Reported Earnings • Apr 16
Full year 2022 earnings released: EPS: €2.08 (vs €2.10 in FY 2021) Full year 2022 results: EPS: €2.08 (down from €2.10 in FY 2021). Revenue: €3.96b (up 1.4% from FY 2021). Net income: €367.3m (flat on FY 2021). Profit margin: 9.3% (in line with FY 2021). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: €0.56 (vs €0.55 in 3Q 2021) Third quarter 2022 results: EPS: €0.56 (up from €0.55 in 3Q 2021). Revenue: €998.3m (up 2.8% from 3Q 2021). Net income: €97.8m (up 1.6% from 3Q 2021). Profit margin: 9.8% (in line with 3Q 2021). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: €0.56 (vs €0.55 in 3Q 2021) Third quarter 2022 results: EPS: €0.56 (up from €0.55 in 3Q 2021). Revenue: €998.3m (up 2.8% from 3Q 2021). Net income: €97.8m (up 1.6% from 3Q 2021). Profit margin: 9.8% (in line with 3Q 2021). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improved over the past week After last week's 90% share price gain to €26.64, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Wireless Telecom industry in Europe. Total loss to shareholders of 9.7% over the past three years. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improved over the past week After last week's 52% share price gain to €26.64, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 17x in the Wireless Telecom industry in Europe. Total returns to shareholders of 10% over the past three years. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: €0.55 (vs €0.53 in 2Q 2021) Second quarter 2022 results: EPS: €0.55 (up from €0.53 in 2Q 2021). Revenue: €976.1m (up 2.0% from 2Q 2021). Net income: €97.4m (up 4.1% from 2Q 2021). Profit margin: 10.0% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 2.2%, compared to a 2.0% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Aankondiging • Aug 05
1&1 AG Confirms Earnings Guidance for the Fiscal Year 2022 1&1 AG confirmed earnings guidance for the fiscal year 2022. For the period, company expects service revenues to increase to ca. €3.2 billion (2021: €3.1 billion). Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improved over the past week After last week's 49% share price gain to €26.64, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 17x in the Wireless Telecom industry in Europe. Total loss to shareholders of 7.8% over the past three years. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improved over the past week After last week's 36% share price gain to €26.64, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Wireless Telecom industry in Europe. Total returns to shareholders of 7.8% over the past three years. Valuation Update With 7 Day Price Move • May 23
Investor sentiment deteriorated over the past week After last week's 28% share price decline to €19.13, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Wireless Telecom industry in Europe. Total loss to shareholders of 31% over the past three years. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: €0.58 (vs €0.65 in 1Q 2021) First quarter 2022 results: EPS: €0.58 (down from €0.65 in 1Q 2021). Revenue: €975.9m (flat on 1Q 2021). Net income: €101.6m (down 11% from 1Q 2021). Profit margin: 10% (down from 12% in 1Q 2021). Over the next year, revenue is forecast to grow 2.7%, compared to a 1.7% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has fallen by 11% per year and the company’s share price has also fallen by 11% per year. Upcoming Dividend • May 12
Upcoming dividend of €0.05 per share Eligible shareholders must have bought the stock before 19 May 2022. Payment date: 23 May 2022. Payout ratio is a comfortable 2.4% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Austrian dividend payers (4.5%). Lower than average of industry peers (6.7%). Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 31% share price gain to €26.64, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Wireless Telecom industry in Europe. Total loss to shareholders of 18% over the past three years. Reported Earnings • Mar 19
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €2.10 (up from €1.25 in FY 2020). Revenue: €3.91b (up 3.2% from FY 2020). Net income: €370.0m (up 69% from FY 2020). Profit margin: 9.5% (up from 5.8% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 2.1%, compared to a 3.3% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 18% per year. Aankondiging • Dec 12
1&1 AG Provides Earnings Guidance for the Fiscal Year 2022 1&1 AG provided earnings guidance for the fiscal year 2022. For the period, the company expects further growth in service revenues to approx. EUR 3.2 billion. Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS €0.55 (vs €0.32 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €971.4m (up 4.2% from 3Q 2020). Net income: €96.2m (up 73% from 3Q 2020). Profit margin: 9.9% (up from 6.0% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS €0.53 (vs €0.55 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings, although profit margins were flat and revenues improved. Second quarter 2021 results: Revenue: €956.9m (up 1.7% from 2Q 2020). Net income: €93.6m (down 3.0% from 2Q 2020). Profit margin: 9.8% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 17% per year. Aankondiging • May 27
1&1 Drillisch AG Approves Cash Dividend 1&1 Drillisch AG announced at the AGM held on May 26, 2021 that the approved to distribute a cash dividend of around 8.8 million euros, corresponding to 0.05 euros per share. Upcoming Dividend • May 20
Upcoming dividend of €0.05 per share Eligible shareholders must have bought the stock before 27 May 2021. Payment date: 31 May 2021. Trailing yield: 0.2%. Lower than top quartile of Austrian dividend payers (3.2%). Lower than average of industry peers (5.0%). Reported Earnings • May 12
First quarter 2021 earnings released: EPS €0.65 (vs €0.50 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €973.7m (up 3.5% from 1Q 2020). Net income: €113.7m (up 29% from 1Q 2020). Profit margin: 12% (up from 9.4% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS €1.25 (vs €2.12 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €3.79b (up 3.0% from FY 2019). Net income: €219.6m (down 41% from FY 2019). Profit margin: 5.8% (down from 10% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Mar 05
New 90-day high: €24.45 The company is up 19% from its price of €20.47 on 04 December 2020. The Austrian market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Wireless Telecom industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €37.65 per share. Is New 90 Day High Low • Feb 09
New 90-day high: €22.30 The company is up 20% from its price of €18.53 on 10 November 2020. The Austrian market is up 30% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Wireless Telecom industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €53.39 per share. Aankondiging • Feb 06
1&1 Drillisch Aktiengesellschaft Announces Completion of EU Commission's Analysis Drillisch Online GmbH, a wholly-owned subsidiary of 1&1 Drillisch AG, and Telefónica Germany GmbH & Co. OHG (?Telefónica") have long been in negotiations regarding the conclusion of a national roaming agreement based on the commitments of Telefónica under the merger clearance decision of the EU Commission regarding the merger with E-Plus. The EU Commission supervises the compliance of Telefónica with these commitments. In October 2020, Telefónica made a, from Telefónica's perspective, final offer to 1&1 Drillisch on key framework conditions and prices for national roaming. The prices offered shall also apply retroactively from July 2020 to the current MBA MVNO agreement. While Telefónica has been charging consistently high advance service prices under the MBA MVNO agreement since July 2020, Telefónica's offer is based on the price mechanisms of the first five years of the MBA MVNO agreement. In particular, it provides for annually decreasing data prices that were lower than the prices currently charged under the MBA MVNO agreement. After completion of its analysis, the EU Commission on 5 February 2021, communicated to 1&1 Drillisch its assessment that the offer submitted by Telefónica in October 2020 was not fully in line with Telefónica's commitments under the EU merger clearance decision and that the offer has to be improved by Telefónica. Thereupon, Telefónica on 5 February 2021, made an improved offer to 1&1 Drillisch. The improved offer can be accepted by 1&1 Drillisch until 19 February 2021. 1&1 Drillisch will examine whether it is in the interest of the company to accept Telefónica's new offer. Should 1&1 Drillisch decide to accept the offer, the framework conditions and prices offered by Telefónica would then have to be transferred into a national roaming agreement and the application of the new, annually decreasing prices also on MBA MVNO services would have to be regulated with retroactive effect for the period as of July 2020 from the beginning of national roaming. The conclusion of an agreement, which Telefónica's offer expects until approx. mid of May 2021, would have a positive earnings effect of approx. EUR 30 million for 1&1 Drillisch in the fiscal year 2020, which would be booked as an out-of-period return in the fiscal year 2021. In addition, an agreement on national roaming would constitute an essential prerequisite for 1&1 Drillisch's envisaged rollout of a high-performance 5G network. The EU Commission's assessment, which has now been communicated, has no significance for the price adjustment procedures initiated by 1&1 Drillisch under the MBA MVNO agreement. In these procedures, 1&1 Drillisch demands from Telefónica significant retroactive reductions of the advance service prices under the MBA MVNO agreement. Is New 90 Day High Low • Jan 06
New 90-day high: €21.83 The company is up 7.0% from its price of €20.49 on 08 October 2020. The Austrian market is up 27% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €56.45 per share. Aankondiging • Jan 05
1&1 Drillisch AG, Annual General Meeting, May 26, 2021 1&1 Drillisch AG, Annual General Meeting, May 26, 2021. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS €0.32 The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2020 results: Revenue: €932.6m (flat on 3Q 2019). Net income: €55.6m (down 37% from 3Q 2019). Profit margin: 6.0% (down from 9.5% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue misses expectations Revenue missed analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 3.3% compared to a 1.7% decline forecast for the Wireless Telecom industry in Austria. Aankondiging • Nov 07
1&1 Drillisch AG Provides Earnings Guidance for the Full Year 2020 1&1 Drillisch AG provided earnings guidance for the full year 2020. The company expects sales growth of approximately 3% compared with around 4% previously, due to the more restrained demand from the customer base for new smartphones and tablets resulting from fewer contract changers. Is New 90 Day High Low • Sep 22
New 90-day low: €17.67 The company is down 24% from its price of €23.23 on 24 June 2020. The Austrian market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €42.63 per share. 
