Freenet tracks worst day since May after 'sobering' FY

freenet AG

26/02/2026 09:17

Updates share move, adds milestone, analyst comment in 1st, 2nd and 7th bullet point

** Shares in Freenet FNTGn.DE fall 11.5% after the German telecoms provider posted weaker-than-expected results, guidance

** The stock, which tracks its worst day since May if losses persist, is among the worst performers on the pan-European Stoxx 600 .STOXX index

** FY revenue comes in at EUR 2,440 mln ($2.88 bln) vs consensus EUR 2,461 mln, FY adj. EBITDA is EUR 515.4 mln vs consensus of EUR 524.1 mln

** Freenet expects 2026 adj. EBITDA between EUR 500-530 mln vs consensus of EUR 532.7 mln

** "Sobering FY25 and weak guidance for this year will pressure FNTN shares today," a local trader says

** "Overall, the quarter was weaker than expected," Berenberg says, adding 2026 guidance was disappointing

** UBS says it remains cautious amid weak near-term trends, flagging risks to independent mobile retailer model

($1 = 0.8467 euros)

(Reporting by Amir Orusov)

((Amir.orusov@thomsonreuters.com))