United Internet AG
ISIN: DE0005089031
WKN: 508903
08 May 2024 07:29AM

EQS-News: United Internet gets off to successful start in fiscal year 2024

United Internet AG · ISIN: DE0005089031 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1897735

EQS-News: United Internet AG / Key word(s): Quarterly / Interim Statement
United Internet gets off to successful start in fiscal year 2024

08.05.2024 / 07:29 CET/CEST
The issuer is solely responsible for the content of this announcement.


United Internet gets off to successful start in fiscal year 2024
  • Customer contracts: + 200,000 to 28.65 million contracts
  • Sales: + 2.2% to EUR 1.565 billion
  • EBITDA: + 7.3% to EUR 342.1 million
  • 2024 guidance confirmed

Montabaur, May 8, 2024. United Internet AG can look back on a successful first quarter of 2024. In the reporting period, the company continued to make investments in new customer contracts and the expansion of existing customer relationships, and thus in sustainable growth. The total number of fee-based customer contracts was raised by 200,000 to 28.65 million contracts. Of this amount, 40,000 contracts were added in the Consumer Access segment and 100,000 contracts in the Business Applications segment. A further 60,000 contracts were gained in the Consumer Applications segment.

Sales grew by 2.2% in the first quarter of 2024, from EUR 1,531.0 million in the previous year to EUR 1,565.0 million. This merely moderate sales growth was due to a year-on-year decline in hardware revenues (especially smartphones) in the Consumer Access segment (EUR -29.6 million in total compared to Q1 2023). These low-margin hardware revenues have little impact on key earnings figures.

EBITDA, for example, rose by 7.3% from EUR 318.7 million in the prior-year period to EUR 342.1 million in the first quarter of 2024. This figure includes a planned increase in expenses for the rollout of 1&1’s mobile network (EUR -23.2 million compared to Q1 2023).

EBIT was additionally burdened by increased depreciation, especially for investments in the expansion of 1&1 Versatel’s fiber-optic network and the rollout of 1&1’s mobile network (EUR -24.9 million in total compared to Q1 2023). As a result, EBIT amounted to EUR 187.0 million (prior year: EUR 188.6 million). Since the beginning of 2024, this increase in depreciation on investments – mainly due to the operational launch of 1&1’s mobile network – is being offset by steadily increasing cost savings on advance mobile services.

Earnings per share (EPS) declined from EUR 0.43 to EUR 0.35. In addition to the development of EBIT (EPS effect: EUR -0.01), this was due to a lower result from associated companies (EPS effect: EUR -0.03), as well as increased interest expenses and a higher tax ratio (EPS effect in total: EUR -0.04).

Cash capex in the first quarter of 2024 amounted to EUR 139.7 million (prior year: EUR 144.8 million).

Outlook 2024
After concluding the first quarter of 2024, United Internet can confirm its full-year guidance and expects an increase in consolidated sales to approx. EUR 6.5 billion (2023: EUR 6.213 billion) as well as EBITDA growth to approx. EUR 1.42 billion (2023: EUR 1.30 billion). Cash capex is expected to be 10 – 20% above the prior-year figure (2023: EUR 756 million).

 

About United Internet

With over 28 million fee-based customer contracts and more than 39 million ad-financed free accounts, United Internet AG is a leading European internet specialist. At the heart of United Internet is a high-performance “Internet Factory” with 11,000 employees. In addition to the high sales strength of its established brands (such as 1&1, GMX, WEB.DE, IONOS, STRATO, and 1&1 Versatel), United Internet stands for outstanding operational excellence.

 

Contact partner

United Internet AG
Lisa Pleiß
Phone +49 2602 96-1616
presse@united-internet.de

 

Note

In the interests of clear and transparent reporting, the annual financial statements and interim statements of United Internet AG, as well as its ad-hoc announcements pursuant to Art. 17 MAR, contain additional financial performance indicators to those required under International Financial Reporting Standards (IFRS), such as EBITDA, EBITDA margin, EBIT, EBIT margin and free cash flow. Information on the use, definition and calculation of these performance measures is provided in the Annual Report 2023 of United Internet AG on page 58.



08.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: United Internet AG
Elgendorfer Straße 57
56410 Montabaur
Germany
Phone: +49 (0)2602 / 96 - 1100
Fax: +49 (0)2602 / 96 - 1013
E-mail: info@united-internet.de
Internet: www.united-internet.de
ISIN: DE0005089031
WKN: 508903
Indices: MDAX, TecDAX
Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1897735

 
End of News EQS News Service

1897735  08.05.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 5.130,80 5.194,09 5.367,25 5.646,18 5.915,06 6.213,22 6.350,00
EBITDA1,2 1.201,32 1.265,70 1.048,90 1.303,74 1.262,53 1.178,02 1.380,00
EBITDA-Margin3 23,41 24,37 19,54 23,09 21,34 18,96 21,73
EBIT1,4 811,01 811,09 574,86 829,86 781,41 753,96 0,00
EBIT-Margin5 15,81 15,62 10,71 14,70 13,21 12,14 0,00
Net Profit (Loss)1 312,09 538,96 368,76 523,15 464,74 362,24 0,00
Net-Margin6 6,08 10,38 6,87 9,27 7,86 5,83 0,00
Cashflow1,7 889,53 935,03 954,10 987,79 991,82 1.018,03 0,00
Earnings per share8 0,94 2,13 1,54 2,22 1,96 1,33 0,52
Dividend per share8 0,05 0,50 0,50 0,50 0,50 0,50 0,50
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: PricewaterhouseCoopers

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
United Internet
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
508903 DE0005089031 AG 2.910,72 Mio € 23.03.1998 Kaufen 9F29CRP6+6W
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
9,59 23,68 0,41 8,59 0,60 2,86 0,47
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,50 0,50 0,50 3,30%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
15.05.2025 12.05.2025 07.08.2025 12.11.2024 27.03.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-1,56%
15,16 €
ATH 59,80 €
-13,19% -22,89% -34,20% -33,86% +1.386,27%

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