Brief: United Internet Q1 Ebitda - 3.4% to EUR 319.0 MLN

United Internet AG

10/05/2023 06:36

May 10 (Reuters) - UNITED INTERNET AG  UTDI.DE :
    * 2023 GUIDANCE CONFIRMED
    * Q1 CUSTOMER CONTRACTS: + 240,000 TO 27.70 MILLION
CONTRACTS
    * Q1  SALES: + 6.6% TO EUR 1.538 BILLION
    * Q1 EBITDA: - 3.4% TO EUR 319.0 MILLION
    * Q1 90,000 NEW CONTRACTS WERE ADDED IN CONSUMER ACCESS
SEGMENT
AND 110,000 IN BUSINESS APPLICATIONS SEGMENT.
    * Q1  A FURTHER 40,000 CONTRACTS WERE GAINED IN CONSUMER
APPLICATIONS SEGMENT.
    * Q1 EBIT WAS BURDENED BY AN INCREASE IN DEPRECIATION OF EUR
13
MILLION ON INVESTMENTS IN EXPANSION OF 1&1 VERSATEL'S
FIBER-OPTIC NETWORK AND ROLLOUT OF 1&1'S MOBILE NETWORK. AS A
RESULT, EBIT FELL BY 10.2% FROM EUR 210.3 MILLION TO EUR 188.9
MILLION.
    * Q1 EARNINGS PER SHARE (EPS) DECLINED FROM EUR 0.55 TO EUR
0.43.
    * IN Q1 OF 2023 NET TOTAL INCOME OF EUR +0.5 MILLION WAS
RECOGNIZED
    * VALUATION EFFECTS FROM DERIVATIVES AMOUNTED TO EUR +0.8
MILLION
IN PRIOR-YEAR PERIOD AND EUR -4.5 MILLION IN Q1 OF 2023.
    * UNITED INTERNET CAN CONFIRM ITS GUIDANCE FOR 2023 AND
CONTINUES
TO EXPECT AN INCREASE IN CONSOLIDATED SALES FOR YEAR AS A WHOLE
TO APPROX. EUR 6.2 BILLION (PRIOR YEAR: EUR 5.915 BILLION).
    * OUTLOOK -  EBITDA IS LIKELY TO BE ON A PAR WITH PREVIOUS
YEAR
(PRIOR YEAR: EUR 1.272 BILLION).
    * OUTLOOK - CAPITAL EXPENDITURES (EXCLUDING POSSIBLE M&A
TRANSACTIONS) ARE EXPECTED TO INCREASE TO APPROX. EUR 800
MILLION (PRIOR YEAR: EUR 681 MILLION).

Source text for Eikon:  ID:nEQ4lrDHGa 
Further company coverage:  UTDI.DE 

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