United Internet and 1 & 1 raise forecast for 2021

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The telecommunications company 1 & 1 has been optimistic for the first good half of the year, so it has increased its forecast for 2021. The parent company United Internet also sees itself on the upswing in view of the good results from 1 & 1 and expects sales to be around 100 million euros higher for 2021.

For the year as a whole, the management board of 1 & 1 is now expecting operating earnings before interest, taxes, depreciation and amortization (Ebitda) of around 670 million euros, announced 1 & 1 on Wednesday evening in Maintal. Previously, the team around CEO Ralph Dommermuth had promised 20 million euros less. The new outlook for operating profit does not yet include the out-of-period income from the signing of the national roaming agreement with Telefónica Deutschland in the amount of 39.4 million euros. Sales should continue to be around 3.1 billion euros.

In the first half of the year, 1 & 1 achieved sales of 1.9 billion euros, a good 2.6 percent more than in the same period of the previous year. The company now has 15.11 million customer contracts, an increase of 280,000. The operating result for the first half of the year excluding income relating to other periods rose by 2 percent to EUR 336.1 million.

United Internet wants to achieve a turnover of 5.6 billion euros for the current financial year, as the group announced on Wednesday evening in Montabaur. So far, 5.5 billion euros had been communicated. The operating result for 2021 should now be 1.25 billion euros instead of 1.22 billion euros. This includes unchanged costs of around 30 million euros for the 5G network expansion and 40 million euros for new products from the Internet service provider Ionos. In the first six months, sales rose by 4.4 percent to just under 2.8 billion euros. Without a non-period income from the national roaming agreement with Telefónica Deutschland, United Internet earned an operating profit of 633.8 million euros, 2.1 percent more.

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After a period of weakness in the last few days, United Internet shares rose suddenly by around 2.3 percent on Thursday morning. A piece of paper now costs 35.03 euros. The price of 1 & 1 increased by almost 4.3 percentage points to 25.38 euros. (with material from dpa) /


(olb)

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