Freenet rises as FY results, dividend beat expectations

freenet AG

23/02/2023 09:27

** Shares in Freenet  FNTGn.DE  are up around 2% after the
German network-independent telecommunications provider posted
earnings and announced dividend proposal above expectations for
2022
    ** The company reported FY EBITDA at 478.7 million euros, up
by 7% year-on-year, while its revenues came in at EUR 2.557 Bln
    ** A local trader says the earnings beat the consensus
expectations and showed a dividend higher by 2 cents than
expected
    ** "Solid report and guidance as well as good dividend (7%
yield) are positive" the trader adds   
    ** The stock is among the best performes of Germany's
mid-cap index  .MDAXI 
    ($1 = 0.9419 euros)
 (Reporting by Ozan Ergenay)
 ((ozan.ergenay@thomsonreuters.com))