Brief: United Internet To Propose A Dividend Of EUR 0.50 Per Share

United Internet AG

21/03/2024 06:36

March 21 (Reuters) - UNITED INTERNET AG  UTDI.DE :
    * UNITED INTERNET AG - DIVIDEND PROPOSAL: EUR 0.50 PER SHARE
    * UNITED INTERNET AG - FY SALES: + 5.0% TO EUR 6.213 BILLION
    * UNITED INTERNET AG - FY EBITDA: + 2.2% TO EUR 1.300
BILLION,
DESPITE PLANNED INCREASED START-UP COSTS FOR CONSTRUCTION OF 1&1
MOBILE NETWORK
    * UNITED INTERNET AG - IS NOW CONFIRMING THIS GUIDANCE AND
EXPECTS
AN INCREASE IN CONSOLIDATED SALES TO APPROX. EUR 6.5 BILLION
(2023: EUR 6.213 BILLION) AS WELL AS EBITDA GROWTH TO APPROX.
EUR 1.42 BILLION (2023: EUR 1.300 BILLION)
    * UNITED INTERNET AG - FY EPS DECLINED FROM EUR 2.00 IN
PREVIOUS
YEAR TO EUR 1.41
    * UNITED INTERNET AG - CASH CAPEX IS EXPECTED TO BE 10 - 20%
ABOVE
PRIOR-YEAR FIGURE (2023: EUR 756 MILLION)
    * UNITED INTERNET AG - EARNINGS IN BOTH 2022 AND 2023 WERE
IMPACTED BY NEGATIVE SPECIAL ITEMS IN FORM OF NON-CASH VALUATION
EFFECTS FROM DERIVATIVES AND IPO COSTS OF IONOS GROUP SE
    * UNITED INTERNET AG - IPO COSTS IN 2023 INCLUDE AN OPPOSING
INCOME AMOUNT FROM CONTRACTUALLY AGREED PRORATED ASSUMPTION OF
IPO COSTS BY IONOS CO-OWNER WARBURG PINCUS

Source text for Eikon:  ID:nEQ2ST73ta 
Further company coverage:  UTDI.DE 

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