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MarketScreener Homepage  >  Equities  >  Xetra  >  1&1 Drillisch    DRI   DE0005545503

1&1 DRILLISCH

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1&1 Drillisch Aktiengesellschaft: Shareholders support strategy of 1&1 Drillisch - 99 percent for investments instead of dividends

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05/21/2019 | 03:45pm EDT

DGAP-News: 1&1 Drillisch Aktiengesellschaft / Key word(s): AGM/EGM/Strategic Company Decision
1&1 Drillisch Aktiengesellschaft: Shareholders support strategy of 1&1 Drillisch - 99 percent for investments instead of dividends

21.05.2019 / 21:41
The issuer is solely responsible for the content of this announcement.


Shareholders support strategy of 1&1 Drillisch - 99 percent for investments instead of dividends

Maintal, 21 May 2019. The shareholders of 1&1 Drillisch AG support the strategy of the company's Management Board and Supervisory Board with an overwhelming majority. At today's Annual General Meeting of 1&1 Drillisch in Frankfurt, 99.6 percent of the votes cast approved the proposal to pay only the statutory minimum dividend of EUR 0.05 per share for the 2018 financial year (Section 254 (1) AktG) and thus to leave almost the entire profit in the company so that 1&1 Drillisch can invest in a modern 5G network. Based on 176.2 million dividend-bearing shares, the total dividend payout for the 2018 financial year is EUR 8.8 million (2017 financial year: EUR 282.8 million).

In addition to the 2018 financial year - the most successful in the history of 1&1 Drillisch - the Annual General Meeting also focused on plans to build up the company's own 5G network. The decision to pay only the statutory minimum dividend is intended to ensure that the high investments can be made if 1&1 Drillisch successfully buys spectrum until the end of the ongoing 5G frequency auction.

"The clear outcome of the vote on our dividend proposal is a clear commitment to building a modern 5G mobile communications network," commented Ralph Dommermuth, CEO of 1&1 Drillisch AG. " I am pleased that our shareholders support the strategy so clearly. Our goal is to create more long-term value for our shareholders, customers and employees by transforming into the fourth network operator."


Contact:
Oliver Keil
Head of Investor Relations
Mail: ir@1und1-drillisch.de



21.05.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: 1&1 Drillisch Aktiengesellschaft
Wilhelm-Röntgen-Straße 1-5
63477 Maintal
Germany
Phone: +49 (0) 6181 - 412 218
Fax: +49 (0) 6181 - 412 183
E-mail: ir@1und1-drillisch.de
Internet: www.1und1-drillisch.de
ISIN: DE0005545503
WKN: 554550
Indices: MDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 814241

 
End of News DGAP News Service

814241  21.05.2019 

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© EQS 2019
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Financials (EUR)
Sales 2019 3 690 M
EBIT 2019 623 M
Net income 2019 410 M
Debt 2019 399 M
Yield 2019 4,53%
P/E ratio 2019 10,3x
P/E ratio 2020 10,3x
EV / Sales2019 1,28x
EV / Sales2020 1,14x
Capitalization 4 333 M
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 39,09  €
Last Close Price 24,32  €
Spread / Highest target 159%
Spread / Average Target 60,7%
Spread / Lowest Target -15,7%
EPS Revisions
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NameTitle
Ralph Dommermuth Chief Executive Officer
Michael Scheeren Chairman-Supervisory Board
Kai-Uwe Ricke Deputy Chairman
Claudia Borgas-Herold Member-Supervisory Board
Vlasios Choulidis Member-Supervisory Board
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