Brief: Freenet Raises 2023 Guidance, Reports 9M EBITDA Growth

freenet AG

08/11/2023 17:20

Nov 8 (Reuters) - FREENET AG  FNTGn.DE :
    * CONTINUES STRONG CUSTOMER GROWTH IN IPTV AND SPECIFIES
2023
GUIDANCE
    * EBITDA GROWS BY 3.8% AND FREE CASH FLOW BY 6.3% IN CURRENT
FINANCIAL YEAR
    * NOW EXPECTS AN EBITDA OF EUR 495 TO 505 MILLION (INITIAL:
EUR
480 TO 500 M)
    * CORRIDOR FOR FREE CASH FLOW NARROWED TO EUR 260 TO 270
MILLION
(INITIAL: EUR 250 TO 270 M)
    * JANUARY TO SEPTEMBER OF THIS YEAR, ACHIEVED AN EBITDA OF
EUR
376.1 MILLION, AN INCREASE OF 3.8% (PRIOR-YEAR PERIOD: EUR 362.3
MILLION)
    * 9M FREE CASH FLOW INCREASED BY 6.3% TO EUR 199.1 MILLION
(PRIOR-YEAR PERIOD: EUR 187.3 MILLION)

Further company coverage:  FNTGn.DE 

 (Reporting by Eva Orsolya Papp)
 ((EvaOrsolya.Papp@thomsonreuters.com;))