Brief: 1&1 AG Confirms 2023 Forecast

1&1 AG

10/11/2023 06:32

Nov 10 (Reuters) - 1&1 AG  1U1.DE :
    * FORECAST 2023 CONFIRMED
    * WAS ABLE TO INCREASE NUMBER OF ITS CUSTOMER CONTRACTS IN
9M 2023
IN COMPARISON WITH 31 DECEMBER 2022 BY 330,000 TO 16.11 MILLION
    * GROWTH WAS BASED ON 420,000 NEW MOBILE INTERNET CONTRACTS
WON,
WHOSE BASE STOOD AT 12.10 MILLION AT END OF FIRST NINE MONTHS OF
2023, WHILE NUMBER OF BROADBAND LINES DECREASED AS EXPECTED BY
90,000 TO 4.01 MILLION IN SAME PERIOD
    * 9M EARNINGS PER SHARE (EPS) DECREASED BY 14.3 PERCENT TO
EUR
1.44 (9M 2022: EUR 1.68), INCLUDED THEREIN - EUR 0.14 FOR
AFOREMENTIONED DEPRECIATION AND AMORTIZATION ON INVESTMENTS IN
1&1 MOBILE NETWORK
    * FREE CASH FLOW AMOUNTED TO EUR 79.2 MILLION IN FIRST NINE
MONTHS
OF 2023 (9M 2022: EUR 96.1 MILLION). THIS INCLUDES INVESTMENTS
OF EUR 123.3 MILLION (9M 2022: EUR 75.4 MILLION), PRIMARILY FOR
CONSTRUCTION OF 1&1 MOBILE NETWORK

Source text for Eikon:  ID:nEQf6CLTa 
Further company coverage:  1U1.DE 

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