United Internet AG

  • WKN: 508903
  • ISIN: DE0005089031
  • Land: Deutschland

Nachricht vom 13.05.2020 | 07:30

United Internet gets off to good start in FY 2020

DGAP-News: United Internet AG / Key word(s): Quarter Results
13.05.2020 / 07:30
The issuer is solely responsible for the content of this announcement.

- Customer contracts: + 170,000 to 24.91 million contracts

- Sales: + 4.1% to EUR 1.329 billion

- EBITDA: + 0.4% to EUR 300.8 million despite special items; like-for-like EBITDA: + 4.3%

- EBIT: + 1.7% to EUR 184.2 million despite special items; like-for-like EBIT: + 8.1%

- 2020 guidance confirmed
 

Montabaur, May 13, 2020. United Internet got off to a good start in its fiscal year 2020. In the first quarter of 2020, the company made further investments in new customer contracts and the expansion of its existing customer relationships, and thus in sustainable growth. All in all, the number of fee-based customer contracts was raised organically by a further 170,000 contracts to a current 24.91 million. Of this total, 100,000 contracts were added in the Consumer Access segment. In the Consumer Applications segment, 850,000 ad-financed free accounts and 10,000 pay accounts were added. A further 60,000 contracts resulted from the Business Applications segment.

Consolidated sales grew by 4.1%, from EUR 1,276.5 million in the previous year to EUR 1,329.4 million in the first quarter of 2020.

Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 0.4% in the first quarter of 2020, from EUR 299.7 million in the previous year to EUR 300.8 million. In addition to one-off expenses for integration projects and initial costs for the construction of the 5G mobile communication network, this merely moderate growth was due in particular to negative effects from regulatory decisions and temporary changes in customer behavior caused by the coronavirus crisis (especially in the field of telephony, due in part to work-from-home regulations and shelter-in-place restrictions). These effects in the Consumer Access segment had a total negative impact on United Internet's earnings of EUR -14.9 million (prior year: EUR - 3.1 million). Adjusted for these effects, like-for-like EBITDA rose by 4.3%.

Although similarly affected by these negative effects, earnings before interest and taxes (EBIT) rose by 1.7% from EUR 181.1 million in the previous year to EUR 184.2 million due to lower depreciation. Adjusted for these effects, like-for-like EBIT grew by 8.1%.

Earnings per share (EPS) improved from EUR 0.24 in the previous year to EUR 0.39. EPS was burdened by non-cash impairment charges on Tele Columbus shares held by United Internet, which are adjusted throughout the year according to the prevailing share price (EPS effect: EUR -0.22 in the previous year and EUR -0.08 in 2020). Without consideration of impairment charges, operating EPS rose slightly from EUR 0.46 to EUR 0.47. The same applies to operating EPS before PPA, which increased from EUR 0.58 to EUR 0.59.

Outlook 2020
Against the backdrop of uncertain macroeconomic conditions due to the coronavirus crisis, United Internet can confirm its guidance for the fiscal year 2020 and continues to expect sales and EBITDA to be approximately on a par with the previous year. This forecast is still subject to considerable uncertainty, as an exact assessment of the duration and impact of the coronavirus crisis is not currently possible. In the coming weeks and months, the company will continue to analyze the effects of the crisis on the business development of the United Internet Group and plans to update the outlook in its half-yearly report 2020.

An overview of all key figures and the quarterly statement for the first three months of 2020 are available online at www.united-internet.de.


About United Internet
With around 25 million fee-based customer contracts and over 38 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 approx. 9,400 employees, of which around 3,000 are engaged in product management, development and data centers. In addition to the high sales strength of its established brands (such as 1&1, GMX, WEB.DE, IONOS, STRATO, 1&1 Versatel and the brands of Drillisch Online), United Internet stands for outstanding operational excellence with more than 63 million customer accounts worldwide.
 

Contact partner
United Internet AG
Mathias Brandes
Phone +49 2602 96-1616
presse@united-internet.de



13.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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