Brief: United Internet H1 EBITDA +1.9% At Eur 670.1 Mln

United Internet AG

03/08/2023 06:36

Aug 3 (Reuters) - UNITED INTERNET AG  UTDI.DE :
    * H1 SALES: + 4.4% TO EUR 3.028 BILLION
    * H1 EBITDA: + 1.9% TO EUR 670.1 MILLION, DESPITE STRONG
INCREASE
IN START-UP COSTS FOR 1&1 MOBILE NETWORK
    * 2023 GUIDANCE CONFIRMED
    * TOTAL NUMBER OF FEE-BASED CUSTOMER CONTRACTS WAS RAISED BY
490,000 TO 27.95 MILLION CONTRACTS
    * SALES GREW BY 4.4% IN FIRST HALF OF 2023, FROM EUR 2,901.1
MILLION IN PRIOR-YEAR PERIOD TO EUR 3,028.1 MILLION.
    * EARNINGS IN BOTH FIRST HALF OF 2022 AND FIRST HALF OF 2023
WERE
IMPACTED BY SPECIAL ITEMS IN FORM OF NON-CASH VALUATION EFFECTS
FROM DERIVATIVES AND IPO COSTS OF IONOS GROUP SE.
    * H1 EBIT WAS BURDENED BY AN INCREASE OF EUR -31.8 MILLION
IN
DEPRECIATION, ESPECIALLY ON INVESTMENTS IN EXPANSION OF 1&1
VERSATEL'S FIBER-OPTIC NETWORK AND ROLLOUT OF 1&1'S MOBILE
NETWORK.
    * H1 EBIT FELL BY EUR -8.8 MILLION (-2.1%) TO EUR 408.5
MILLION
    * H1 OPERATING EPS DECLINED FROM EUR 1.04 IN PRIOR-YEAR
PERIOD TO
EUR 0.84.
    * CONFIRMS ITS GUIDANCE FOR 2023

Source text for Eikon:  ID:nEQ5W0z2a 
Further company coverage:  UTDI.DE 

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