United Internet jumps after fresh 2024 targets

United Internet AG

20/12/2023 08:50

** Shares in United Internet  UTDI.DE  rise around 7% after
the Germany-based internet service provider said it expected
profit and sales to increase next year
    ** The group expects adjusted EBITDA to rise to 1.42 billion
euros ($1.56 billion)
    ** It also forecasts an increase in consolidated sales to
around 6.5 billion euros for fiscal year 2024
    ** A local trader says that the "strong outlook given for
the group bodes well for shares"
    ** The stock sits on top of the German mid-cap index
 .MDAXI  and is on track for its best day since August

($1 = 0.9120 euros)

 (Reporting by Paolo Laudani)
 ((Paolo.Laudani@thomsonreuters.com))