Germany's United Internet H1 revenue rises 3.3%; confirms outlook

United Internet AG

06/08/2026 06:38

Overview
Germany internet specialist's H1 2026 revenue rose 3.3% yr/yr to EUR 3.09 bln
EBITDA for H1 2026 increased 5.1% yr/yr, EBIT rose 20%
Company confirmed full-year 2026 guidance for sales and EBITDA growth

Outlook
United Internet confirms 2026 sales guidance at approx. EUR 6.25 bln
Company expects 2026 EBITDA to reach approx. EUR 1.45 bln
Cash capex for 2026 expected between EUR 600 mln and EUR 650 mln

Result Drivers
CUSTOMER CONTRACTS - Growth in total fee-based contracts, led by IONOS and Mail & Media segments, offset a decline in 1&1 contracts due to changes in discount tariff offerings
COST FACTORS - EBIT growth benefited from lower depreciation and amortization, mainly due to reduced PPA amortization
TAX EXPENSES - EPS rose sharply, also due to lower tax expenses

Company press release: ID:nEQ6pZxlVa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
EUR 3.09 bln
 
H1 EBIT
 
EUR 342.40 mln
 
H1 EBITDA
 
EUR 676 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the integrated telecommunications services peer group is "buy"
Wall Street's median 12-month price target for United Internet AG is €30.00, about 31.2% above its August 5 closing price of €22.86
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 14 three months ago

Reuters Recommended Reads
Aug 6 - Deutsche Telekom's Q2 organic revenue rises 3.3%
Aug 6 - Swisscom posts 3.3% rise in half-year core profit
Aug 5 - Israel's Bezeq Telecom posts 38% second-quarter profit jump

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)