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1 & 1 Drillisch: Digitization supports buy recommendations

Sales at 1 & 1 Drillisch increased by 4.2 percent in the first quarter to 940.7 million euros. That is above expectations. EBITDA drops by 2.6 percent to EUR 164.0 million and thus corresponds to the estimates. The profit is down 0.9 percent to 88.2 million euros.

In 2020, sales and EBITDA at 1 & 1 Drillisch should be at the previous year’s level. This confirms the previous forecast. A current forecast is to be given with the figures for the second quarter in August. The figures are due to be published on August 13.

Independent Research analysts confirm the buy recommendation for the shares of 1 & 1 Drillisch. The target price for the paper rises from EUR 26.00 to EUR 27.00.

From the experts’ point of view, 1 & 1 Drillisch’s business model is quite crisis-resistant. The general digitalization should provide new impulses at 1 & 1 Drillisch.

For 2020, the analysts expect earnings per share of EUR 2.06. In 2021, the increase should be 1.95 euros. The dividend yield is seen at 2.2 percent.

At a glance – chart and news: 1 & 1 Drillisch AG

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