United Internet AG
- WKN: 508903
- ISIN: DE0005089031
- Land: Deutschland
Nachricht vom 09.05.2012 | 18:51
Successful start to FY 2012 for United Internet
United Internet AG / Key word(s): Quarter Results
Montabaur, May 9, 2012. United Internet AG once again continued its growth path as Europe's leading internet specialist in the first quarter of 2012. The company succeeded in raising both sales and the number of customer contracts to new record levels and significantly increased earnings in its established business fields. At the same time, the company invested heavily in establishing and developing new business fields. With the targets already achieved in the first quarter of 2012, United Internet is well on track to meet its forecast for 2012 as a whole.
Business development of the Group
At the same time, United Internet also succeeded in raising earnings significantly in its established business fields during the first quarter of 2012. Earnings before interest, taxes, depreciation and amortization (EBITDA) grew by 11.5%, from EUR 95.9 million last year to EUR 106.9 million, while earnings before interest and taxes (EBIT) improved by 12.2%, from EUR 76.0 million last year to EUR 85.3 million.
As announced in the forecast for the full year 2012, this positive earnings development in established business fields was used to invest heavily in the development of new business fields. The main focus was placed on the international marketing campaign for the 1&1 MyWebsite, and the development of De-Mail applications. In line with planning, EBIT-effective start-up losses of EUR 37.0 million (prior year: EUR 5.7 million) were incurred for these activities in the first quarter of 2012. These start-up losses result mainly from high expenditures for marketing the 1&1 MyWebsite in six European nations, the USA and Canada and are part of total start-up losses planned for new business fields in 2012 of EUR 86 - EUR 124 million.
As a result of these start-up losses, there was an expected overall decline in key earnings figures of United Internet AG compared to the same period last year. EBITDA amounted to EUR 70.5 million (prior year: EUR 90.5 million) and EBIT totaled EUR 48.3 million (prior year: EUR 70.3 million). Pre-tax earnings (EBT) stood at EUR 44.4 million (prior year: EUR 64.8 million), while earnings per share (EPS) amounted to EUR 0.15 (prior year: EUR 0.20).
'The dynamic growth in our established business fields gives us the strength to invest heavily in new business fields. Thanks to the positive development of our business and the gradual decline in start-up losses from new business fields over the coming quarters, we are well on track to reach the targets we set for 2012 as a whole,' states Ralph Dommermuth, CEO of United Internet, in his assessment of the figures for the first quarter of 2012.
United Internet's business is divided into the segments, 'Access' and 'Applications', as described below.
Development of business in the "Access" segment
The number of Access contracts grew by 160,000 contracts to 4.24 million in the first quarter of 2012.
"The strong development in customer growth and sales in our "Access" segment illustrates the dynamic trend resulting from our successful penetration of the Mobile Internet market over the last two years," concludes Ralph Dommermuth. "We intend to take the same approach in our 'Applications' segment. International expansion and the development of new cloud and e-business products will open up new business fields for us. The investments we make today will therefore lay the foundation for our future success."
Development of business in the "Applications" segment
Earnings before interest, taxes, depreciation and amortization (EBITDA) in the established business fields rose from EUR 64.3 million last year to EUR 67.1 million, while earnings before interest and taxes (EBIT) improved from EUR 51.7 million last year to EUR 51.9 million.
These strong earnings in its established business enabled United Internet to make planned investments in new business fields. This resulted in EBIT-effective start-up losses of
In the first quarter of 2012, the number of Applications contracts grew by 160,000 to
Based on strong customer growth in 2012, United Internet anticipates a significant improvement in earnings in 2013 - both in its established and in its new business fields. EPS is expected to then lie between EUR 1.00 and EUR 1.10.
About United Internet
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|Company:||United Internet AG|
|Elgendorfer Straße 57|
|Phone:||+49 (0)2602 / 96 - 1100|
|Fax:||+49 (0)2602 / 96 - 1013|
|Listed:||Regulierter Markt in Berlin, Frankfurt (Prime Standard); Freiverkehr in Düsseldorf, Hamburg, Hannover, München, Stuttgart|
|End of News||DGAP News-Service|
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