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DGAP-News: 1&1 AG / Key word(s): Half Year Results/Forecast
1&1 with successful first half, forecast for 2022 confirmed
Montabaur, August, 4, 2022 –1&1 AG (ISIN DE 0005545503) was able to increase the number of its customer contracts in H1 2022 by 120,000 to 15.55 million. This growth was based on 190,000 Mobile Internet contracts (+300,000 operational growth less around -110,000 contracts due to TKG effect), whose base stood at 11.38 million at the end of the first half of 2022. At the same time the number of broadband lines decreased by 70,000 contracts (-10,000 operational and around -60,000 contracts due to TKG effect) to 4.17 million.
Revenue in the first half of 2022 rose by 1.1 percent to €1,952.0 million (H1 2021: €1,930.7 million). In this context, high-value service revenue increased by 2.6 percent to €1,581.9 million (H1 2021: €1,541.7 million).
Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 9.6 percent to €368.2 million (H1 2021: €336.1, excluding income relating to other periods).
EBITDA includes -€16.1 million in costs for preparations for the 1&1 mobile network roll-out (H1 2021: -€14.9 million).
Earnings per share (EPS) increased by 10.8 percent to €1.13 (H1 2021: €1.02 excluding income relating to other periods).
The Company confirms its forecast FY 2022 and expects service revenues to increase to ca. €3.2 billion (2021: €3.1 billion) and the operating EBITDA at the previous year’s level (€671.9 million, excluding out-of-period effects). This forecast continues to include costs for the 1&1 mobile network rollout of ca. -€70 million (2021: -€38 million). The number of customer contracts is expected to grow by around 450,000. For 2022, an investment volume (Cash-Capex) of approximately €400 million is expected, primarily for the 1&1 mobile network (antennas, computers and software).
Performance indicators pursuant to IFRS — comparison H1 2021 vs. H1 2022
* H1 2021 excluding €39.4 million in non-period income due to retroactive price adjustment for MBA MVNO services, effect on EPS amounted to €0.16
This quarterly statement will be made available on the Company’s home page on August 4, 2022.
Montabaur, 4 August 2022
About 1&1 AG
1&1 AG is a listed telecommunications provider, headquartered in Montabaur. 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 price-conscious target groups.
04.08.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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