United Internet AG
United Internet with successful Q1 2017
DGAP-News: United Internet AG / Key word(s): Quarter Results – Customer contracts up 190,000 to 17.16 million – Sales growth of 2.1% to EUR 989.2 million – EBITDA improves by 6.1% to EUR 215.0 million, EBIT up 8.8% to EUR 167.6 million – Operating EPS increases by 10.0% to EUR 0.55 – EPS after Rocket Internet value adjustment: EUR 0.46 – Full-year guidance confirmed
In the first quarter of 2017, growth was driven by the company’s subscription business. The number of fee-based customer contracts was increased organically by 190,000 to 17.16 million contracts – mainly in the Access segment, in which United Internet generated 140,000 new Mobile Internet contracts and 10,000 DSL contracts. In the Applications segment, a further 40,000 pay contracts and 270,000 ad-financed free accounts were added during the reporting period. Despite the burdens from regulation effects already explained in the annual financial statements 2016 (impact on sales: approx. -1.2%), consolidated sales rose by 2.1% to EUR 989.2 million in the first quarter of 2017 (prior year: EUR 968.6 million). Sales growth was also slowed by expected phasing effects in the project business of 1&1 Versatel. Moreover, advertising revenues in the portal business fell short of the budgeted figure and could not be compensated by the positive development of the company’s other business fields in line with expectations. Earnings before interest, taxes, depreciation and amortization (EBITDA) improved by 6.1% to EUR 215.0 million (prior year: EUR 202.7 million). Earnings before interest and taxes (EBIT) increased by 8.8% to EUR 167.6 million (EUR 154.0 million).
EPS / special items As in the first quarter of 2016, United Internet wrote down the value of shares held in Rocket Internet SE in its non-operating business in the first quarter of 2017. The impairment charges amounted to EUR 19.8 million. As a result, EPS for the first quarter of 2017 fell in total to EUR 0.46 and EPS before PPA to EUR 0.50. The impairment charges do not impact United Internet’s dividend policy nor its guidance for 2017, as these are based on results from operating activities (without special items).
An overview of all key figures is provided at www.united-internet.de. The Interim Statement for the First Quarter 2017 can also be found here as of May 15, 2017.
12.05.2017 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 |