United Internet with successful first nine months of 2022

EQS-News: United Internet AG / Keywords: Statistics for 9 months
A successful nine months of 2022 online
10.11.2022 / 07:35 CET/CEST
The issuer is solely responsible for the content of this announcement.

  • Customer contracts: + 430,000 to 27.11 million contracts

  • Sales: + 5.2% to EUR 4.384 billion

  • EBITDA: + 3.3% to EUR 983.3 million

  • EBIT: + 3.4% to EUR 622.0 million

  • The 2022 guidance is confirmed

Montabaur, November 10, 2022. United Internet AG can look back on a successful nine months of 2022. During the reporting period, the company continued to invest in new customer contracts and expanding existing customer relationships, and thus in sustainable growth. The total number of cash-based customer contracts rose by 430,000 contracts to 27.11 million. Of this amount, 220,000 contracts were added in the Consumer Access segment (+450,000 operational growth less -230,000 contracts due to the effect of the German Telecommunications Act) and 160,000 contracts in the Business Applications segment. Another 50,000 contracts were received in the Consumer Applications section. Due to seasonal effects, free ad-funded accounts were 290,000 down on December 31, 2021, but at the same time 740,000 accounts above the previous year’s comparison date of September 30, 2021.

In the first nine months of 2022, sales grew by 5.2% from EUR 4,167.9 million last year to EUR 4,384.3 million.

Last year’s profits had a positive (non-temporary) impact of EUR 39.4 million. Without considering this income effect and additionally adjusted for positive non-cash valuation effects from derivatives of EUR 3.0 million in the previous year and EUR 12.2 million in the first nine months of 2022, the main figures of the Group’s income are as follows: EBITDA increased by 3.3%, from EUR 952.1 million in the previous year to EUR 983.3 million, and EBIT by 3.4% from EUR 601.5 million to EUR 622.0 million.

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These earnings figures include costs incurred for the construction of the 1&1 mobile communications network amounting to EUR -26.1 million (previous year: EUR -24.5 million), and the costs of additional marketing activities announced by IONOS to raise awareness of its most important products. European markets amounting to EUR -12.6 million. There was also an increase in electricity costs by EUR -16.3 million compared to the previous year.

Earnings per share (EPS) decreased from EUR 1.68 last year to EUR 1.59 and EPS before PPA from EUR 1.97 to EUR 1.89 (in each case without taking into account the positive non-periodic impact on earnings by 2021 and positive valuation results from derivatives 2021 and 2022). This decrease in EPS was mainly due to a year-on-year decrease in the financial result, which was partially affected by the subsequent measurement of financial derivatives (EPS result: EUR
-0.03; in the previous year: EUR +0.02), and – with regard to the result of associated companies – the estimated negative effect of Kublai GmbH, which is only partially included in the comparative figures for the first nine months of 2021 as the acquisition of Tele. Columbus AG was liquidated only during the last year (EPS result: EUR -0.12; previous year: EUR -0.05).

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Outlook 2022

In a press release issued on September 30, 2022, United Internet updated its guidance for the full year 2022. The company continues to expect full-year 2022 consolidated sales to increase to approx. 5.85 billion Euros. Due to the slightly lower costs of the 1&1 network rollout, EBITDA 2022 is likely to rise to approx. EUR 1.270 billion (previously expected: EUR 1.259 billion). In addition to the 1&1 network rollout costs approx. EUR 60 million (previously expected: EUR 70 million), the EBITDA forecast continues to include approx. EUR 30 million of additional sales activities for IONOS and increased electricity costs of approx. 20 million euros. Capex of approx. EUR 700 million is expected (previously expected: EUR 800 million – EUR 1 billion).

An overview of all key figures and the Interim Statement Q3 2022 are available online at www.united-internet.de.

About United Internet

With approximately 27 million fee-based customer contracts and 40 million free ad-supported accounts, United Internet AG is Europe’s Internet specialist. At the heart of United Internet is the highly efficient “Internet Factory” with more than 10,000 employees, approx. 3,600 are involved in product management, development and data centers. In addition to the high sales force of its established products (such as 1&1, GMX, WEB.DE, IONOS, STRATO, and 1&1 Versatel), United Internet represents outstanding efficiency with 67 million customer accounts worldwide.

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Contact our partners

United Internet AG
Lisa Pleiss
Phone +49 2602 96-1616
[email protected]

Be careful

In the interests of clear and transparent reporting, the annual financial statements and interim statements of United Internet AG, as well as its interim declarations in accordance with Art. 17 MAR, which contain additional financial performance indicators of those required under 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 2021 Annual Report of United Internet AG on page 57.

10.11.2022 CET/CEST Business News Distribution, broadcast by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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