United Internet AG
Successful H1 2017 for United Internet
DGAP-News: United Internet AG / Key word(s): Half Year Results – 19.24 million customer contracts: 1.87 million from Strato takeover, – Sales of EUR 1.954 billion (+ 3.9%), Q2 + 5.7% – EBITDA of EUR 429.9 million (+ 8.0%), Q2 + 10.3% – EBIT of EUR 325.3 million (+ 7.9%), Q2 + 7.3%
The Management Board of United Internet AG also resolved to combine the affiliate marketing business of Group subsidiary affilinet GmbH with AWIN AG – controlled by Axel Springer – in return for new shares. In the first six months of 2017, growth was mainly driven by the company’s subscription business. The number of fee-based customer contracts was increased organically by 400,000 contracts. The company added 260,000 Mobile Internet contracts and 40,000 DSL connections in its Access segment. 100,000 fee-based customer contracts were also added in the Applications segment during the reporting period. The initial consolidation of Strato as of April 1, 2017 resulted in the addition of a further 1.87 million contracts, taking the total stock as of June 30, 2017 to 19.24 million contracts. In the first half of 2017, consolidated sales grew by 3.9% to EUR 1,954.1 million (comparable prior-year figure: EUR 1,880.7 million). The first-time sales contribution of Strato (EUR 31.7 million) was offset in part by expected regulatory effects (EUR -23.7 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) improved by 8.0% to EUR 429.9 million (comparable prior-year figure: EUR 398.0 million). The first-time EBITDA contribution of Strato (EUR 13.1 million) was opposed by regulation, migration and currency effects of EUR -3.1 million. Earnings before interest and taxes (EBIT) rose by 7.9% to EUR 325.3 million (comparable prior-year figure: EUR 301.5 million).
Due to the writedowns on shares in Rocket Internet SE held by United Internet in its non-operating business during the first quarter of 2017 (EPS effect: EUR -0.09), as well as one-off tax effects from the Warburg Pincus investment in the Business Applications division and the investment of Drillisch in 1&1 Telecommunication SE (EPS effect: EUR -0.09), EPS fell in total to EUR 0.87. An overview of all key figures and the 6-Month Report 2017 are available at www.united-internet.de.
Contact: Press United Internet AG Elgendorfer Straße 57 56410 Montabaur Phone: +49 2602/96-1616 Fax: +49 2602/96-1085 E-Mail: presse@united-internet.de Internet: www.united-internet.de
10.08.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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: | TecDAX |
Listed: | Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |