United Internet rises on catch-up dividend despite 2025 outlook miss

United Internet AG

26/03/2025 07:31

** Shares in United Internet UTDI.DE rise around 2% in early Frankfurt trade after the internet service provider said on Tuesday it would propose a one-off catch-up dividend of 1.50 euros for 2024 as its 2025 outlook missed expectations

** The German company expects FY sales to be around 6.4 billion euros in 2025 vs analysts' expectations of 6.58 billion euros, according to LSEG data

** "Operating perspectives are worse than expected, with a below FY25 outlook. But the unexpected catch-up dividend helps shares first," a local trader says

** United Internet will also propose a regular dividend of 0.40 euros per share for 2024

** The stock, which has gained 19.7% YTD, is among the best performers of Germany's mid-cap index .MDAXI

 (Reporting by Ozan Ergenay; Editing by Amanda Cooper)

 ((ozan.ergenay@thomsonreuters.com))