Ionos falls on UBS downgrade, parent United Internet follows suit

United Internet AG

10/02/2026 11:29

** German web-hosting company Ionos IOSn.DE falls 8.25%, dragging parent company United Internet UTDI.DE in its fall after UBS cut its rating for the company to "neutral" from "buy"

** The broker sees Ionos' growth to decelerate in Q4 2025, as the company's Web Presence & Productivity divisions weather the impact of double-digit price hikes in the prior year

** It however expects growth to pick up from Q2 as customer growth normalises and with the potential benefit of moderate price rises

** Additionally, it sees less benefit for the company's cloud division from the ITZBund contract

** "We expect growth to accelerate over the course of 2026 as a strong customer pipeline driven by digitally sovereign offerings is monetised and the ITZBund contract delivers a higher proportion of recurring revenues," UBS writes

** Ionos shares are on track for its worst day since August 2025

 (Reporting by Tristan Veyet)

 ((Tristan.veyet@thomsonreuters.com))