United Internet increases annual forecast after successful first half of 2021
United Internet AG / Keyword (s): Half-year results / Change in forecasts
United Internet AG: United Internet increases annual forecast after successful first half of 2021
04-Aug-2021 / 20:19 CET / CEST
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– Customer contracts: + 520,000 to 26.17 million contracts
– Revenue: € 2.776 billion (+ 4.4% year-on-year)
– EBITDA: 673.2 million euros, of which 633.8 million euros from operating activities (+ 2.1%)
– EBIT: EUR 441.9 million, of which EUR 402.5 million from operating (+ 4.4%)
– Earnings per share: € 1.26, including € 1.15 operating (+ 17.3%)
– Increase in forecasts for the whole of 2021
Montabaur, August 4, 2021. United Internet AG can look forward to a successful first half of 2021. The company has invested in new customer contracts and in the expansion of its existing customer relationships, and therefore in sustainable growth. In total, the number of paying customer contracts has been increased by 520,000 additional contracts to currently reach 26.17 million. Of this total, 280,000 contracts were added in the Consumer Access segment and 180,000 contracts in the Business Applications segment. Another 60,000 contracts and 290,000 ad-supported free accounts were added in the consumer applications segment.
Consolidated turnover increased by 4.4% to reach 2,775.6 million euros in the first half of 2021 (2,657.9 million euros the previous year).
In the first half of 2021, profit before interest, taxes and depreciation (EBITDA) amounted to 673.2 million euros and profit before interest and taxes (EBIT) to 441.9 million euros. These figures include a positive effect (excluding period) on the result of 39.4 million euros for the 2020 financial year. This effect on the result (excluding period) results from the national roaming agreement concluded with Telefónica Germany, which also applies retroactively. as of July 1, 2020 for advanced MBA MVNO services. The national roaming agreement again provides for decreasing data rates each year, similar to the pricing mechanisms of the first five years of the MVNO MBA agreement.
Adjusted for this positive effect (excluding period) on the result of the retroactively more favorable anticipated service prices for mobile communications, the key figures of the result have evolved as follows: operating EBITDA improved by 2.1%, against € 620.5 million over the same period last year to € 633.8 million and operating EBIT of 4.4%, from € 385.4 million to € 402.4 million ‘euros. These profit figures include the initial costs of building the 1 & 1 mobile communications network of -14.9 million euros (previous year: -5.6 million euros), as well as the announced investments of IONOS for a product and sales campaign focused on its cloud activity and continued international expansion for an amount of -16.4 million euros.
Earnings per share (EPS) amounted to 1.26 EUR. Without taking into account the positive effect (excluding period) on the result of the new anticipated service tariffs for mobile communications (EPS effect: +0.11 EUR) and the reversals of depreciation of Tele Columbus the previous year (EPS effect : +0.08). , operating EPS improved by 17.3%, from 0.98 EUR in the same period last year to 1.15 EUR and operating EPS before PPA by 9.8%, from 1.23 EUR to 1.35 EUR.
Following the success of the first half of 2021, United Internet AG is increasing its annual forecast for 2021 and now expects sales growth to approx. 5.6 billion euros (previous forecast: around 5.5 billion euros). Operating EBITDA (excluding non-period revenues of € 39.4 million related to the signing of the national roaming agreement) is expected to increase to approx. 1.25 billion euros (previous forecast: around 1.22 billion euros). This figure includes the unchanged initial costs of approx. 30 million euros for the deployment of the 1 & 1 5G network and an amount of approx. 40 million euros for the product and commercial animation of IONOS.
United Internet AG
Phone +49 2602 96-1616
In the interest of a clear and transparent report, the annual accounts and interim accounts of United Internet AG, as well as its ad hoc announcements in accordance with art. 17 MAR, contain financial performance indicators additional to those required by International Financial Reporting Standards (IFRS), such as EBITDA, EBITDA margin, EBIT, EBIT margin and free cash flow. Information on the use, definition and calculation of these performance measures is provided in the United Internet AG Annual Report 2020 on page 57.
04-Aug-2021 CET / CEST DGAP’s distribution services include regulatory announcements, financial / corporate news and press releases.
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