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DGAP-News: 1&1 AG / Key word(s): Quarterly / Interim Statement/Forecast
- Customer contracts: + 440,000 to 15.27 million
- Revenue: + 3.1 percent to €2,902 million, thereof €2,336 million service revenues (+ 3.4 percent)
- EBITDA: €552.0 million, thereof €512.6 million comparable, operating EBITDA (+ 7.7 percent)
- Revenue and EBITDA forecast 2021 confirmed
Maintal, 9 November 2021 - In the first nine months of 2021, 1&1 AG (ISIN DE 0005545503) was able to increase the number of customer contracts in comparison with 31 December 2020 by 440,000 to 15.27 million. Growth was based on 490,000 new mobile internet contracts, whilst the number of broadband lines decreased slightly by 50,000 to 4.26 million.
Revenue rose in the first nine months 2021 by 3.1 percent to €2,902.1 million (9M 2020: €2,813.7 million). Service revenue increased in the same period by 3.4 percent to €2,335.8 million (9M 2020: €2,258.0 million).
Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased in the first nine months by 20.9 percent or €95.4 million to €552.0 million (9M 2020: €456.6 million). This includes a (out-of-period) positive income of €39.4 million from a retroactive price reduction for the 2020 financial year. On May 21, 1&1 concluded a long-term national roaming agreement with Telefónica Deutschland, the terms of which will apply retroactively as early as July 1, 2020. This agreement regulates the usage of the Telefónica network by 1&1 customers in areas not yet served by 1&1 during the roll-out phase of the new 5G network. Until the network launch, the existing MBA MVNO wholesale contract applies at the same condition. Of this aforementioned out-of-period income, €19.2 million is attributable to the third quarter of 2020. Comparable operating EBITDA (excluding the aforementioned effects in 2020 and 2021) of €512.6 million is 7.7 percent higher as the previous year's level (9M 2020: €475.8 million).
EBITDA includes -€24.5 million in start-up costs for preparations for the 5G network roll-out (previous year -€8.4 million).
Earnings per share (EPS) amounted to €1.72 (9M 2020: €1.36). Excluding the (out-of-period) positive earnings effect from the retroactive new Telefónica wholesale prices (EPS effect: €+0.15 in 2021 and -0.08 in 2020), operating EPS was at €1.57 (9M 2020: €1.44).
The Company confirms its forecast FY 2021 and expects service revenues to increase to ca. €3.10 billion and the operating EBITDA excluding the aforementioned effects should increase to ca. €670 million. This forecast includes initial costs for the 5G network rollout of ca. €30 million unchanged.
Performance indicators pursuant to IFRS - comparison 9M 2021 vs. 9M 2020
The intermediate report will be made available on the Company's home page on 9 November 2021.
Maintal, 9 November 2021
About 1&1 AG
1&1 AG is a listed telecommunications provider based in Maintal. The company is part of the United Internet AG group. 1&1 offers its customers a comprehensive portfolio of wireless services and broadband access. It also offers attractive bundled products comprising mobile and fixed-network services, as well as value-added applications such as home networking, online storage, video-on-demand, smart home solutions and IPTV. While the brand 1&1 addresses value and premium segments, the Group's discount brands appeal to a price-conscious target group.
09.11.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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