Freenet rises on FY outlook hike

freenet AG

12/08/2022 11:43

** Shares in Freenet  FNTGn.DE  are up 2.2% after the German
telecom group hiked its full-year earnings guidance
    ** The company raised its EBITDA guidance for 2022 and
reported H1 EBITDA up 8.4%, citing steady growth in the number
of high-value subscribers  urn:newsml:reuters.com:*:nASM000N1S
    ** A local trader says the positive share reacion is due to
the EBITDA guidance increase  
    ** "The results, in our view, are reassuring," Barclays says
    ** The stock is among top performers on Germany's mid-cap
index  .MDAXI 
    
    
    
    ($1 = 0.9704 euros)



 (Reporting by Ozan Ergenay)
 ((ozan.ergenay@thomsonreuters.com))