1&1 rises after H1 EBITDA and EBIT growth
BUZZ-1&1 rises after H1 EBITDA and EBIT growth ** Shares in German telecoms firm 1&1 1U1.DE rise 5.5% after the company reported higher first-half earnings and confirmed its 2026 forecast
** 1&1 says H1 EBITDA rose 5.1% to €382.7 million ($440.87 million), while EBIT increased 61.1% to €111.3 million
** The company says its customer contracts fell expectedly by 140,000 in H1, mainly due to fewer mobile internet contracts after changes to its discount tariff portfolio
** 1&1 still expects 2026 service revenue to be at the previous year's level and EBITDA to rise to around €800 million
** The company also expects operating EBITDA growth of around €100 million per year for 2027 and 2028
** Up to the previous session's close, shares were down 19.2% YTD
($1 = 0.8681 euros)
(Reporting by Basile Day)
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