Philion : ?Philion SE has reached important milestones in 2018 and expects significant revenue jump in 2019

DGAP-News: Philion SE / Key word(s): Annual Results/Forecast ?Philion SE has reached important milestones in 2018 and expects significant revenue jump in 2019 30.04.2019 / 16:30 The issuer is solely responsible for the content of this announcement. Philion SE has reached important milestones in 2018 and expects significant revenue jump in 2019 - Operating development: sales 50.3 million Euro, net income -2.4 million Euro - Implementation of a unique omni-channel strategy in Germany in 2019 - Target 2019: Sales of around 200 million euros and positive annual result (pro forma basis) Berlin, 30 April 2019: Philion SE (ISIN: DE000A1X3WF3) will publish today its 2018 consolidated financial statements. It was the first year since the repositioning at the beginning of 2018 with a clear goal: to take advantage of the change in the German telecommunications market and build one of the three leading network-independent mobile service providers. This is to be achieved through a buy-and-build strategy. Important milestones were reached on this path in 2018. At the beginning of 2018, Fexcom GmbH, the largest independent telecommunications chain in Germany, was merged into the Group. In December 2018, a stake in the Mister Mobile GmbH with its brand DEINHANDY was acquired. The investment is part of Philion's strategic partnership with the Swiss mobilezone Group, the leading independent telecommunications specialist in mobile and fixed-line telephony in Switzerland. "With Fexcom and DEINHANDY, we have created the conditions for implementing an omni-channel strategy that is unique in the German telecommunications market this year. At the same time, we have built up our capital market presence," says Michael Rohbeck, Managing Director of Philion SE. "For our young group of companies, the implementation of all these measures was a challenge from which we will benefit from from 2019 onwards". In 2018, Philion switched to Group accounting and IFRS. In addition, a securities prospectus was prepared. On this basis, the first few months of the current year saw the segment switch to the regulated market, the secondary listing on the Frankfurt Stock Exchange and the commencement of Xetra trading. Philion's operating performance in 2018 was impacted by the cost of starting the buy-and-buid strategy. Group sales amounted to EUR 50.3 million. The net result for the year was EUR -2.4 million and includes one-time expenses of more than EUR 1.6 million. It should be noted that only Fexcom and its subsidiaries were fully consolidated in 2018. Michael Rohbeck: "The evaluation period with the first DEINHANDY shops has been successful and shows that we are on the right track. We are therefore confident that we will be able to make significant operational progress in 2019 and expect a considerable jump in sales and a positive result. In addition, we are planning further takeovers". Philion expects pro forma consolidated sales of around 200 million euros for 2019. The annual result should be positive and in the lower single-digit million range. The complete consolidated financial statements (in German only) will be published on the company's website in the course of the next few hours: philion.de Contact: Philion SE // www.philion.de // M: [e-mail] Investor Relations & Press Fabian Lorenz // T: [phone] // M: [e-mail] About Philion SE Led by Board Chairman René Schuster (former CEO of Telefonica Germany), the management team of Philion SE looks back on decades of experience in the international telecommunications market and has set itself a clear objective, i.e. to build up a leading network-independent service provider for all digital telecommunications products with the help of an effective buy-and-build strategy. In this context, Philion acts as a listed holding company and pursues an omni-channel strategy for its subsidiaries to combine the advantages of online commerce with the benefits of personal in-store service. First steps were the takeover of Fexcom GmbH at the turn of 2017/18 and the investment in DEINHANDY at the end of 2018. the investment in DEINHANDY at the end of 2018. This means that the Group now has more than 160 mobile communications stores throughout Germany and a fast-growing online trade. Disclaimer This announcement does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities. There will be no public offering of securities of Philion SE. This announcement does not constitute a securities prospectus. This announcement and the information contained therein are not intended for direct or indirect distribution in or within the United States of America, Canada, Australia or Japan. 30.04.2019 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:	Philion SE
	Wallstr. 15 a
	10179 Berlin
	Germany
Phone:	[phone]
E-mail:	[e-mail]
Internet:	www.philion.de
ISIN:	DE000A1X3WF3
WKN:	A1X3WF
Listed:	Regulated Market in Dusseldorf; Regulated Unofficial Market in Frankfurt (Basic Board)
EQS News ID:	805761

End of News	DGAP News Service

805761  30.04.2019