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United Internet AG (UDIRF)

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41.870.00 (0.00%)
At close: 9:45AM EDT
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Previous close41.87
Open41.87
BidN/A x N/A
AskN/A x N/A
Day's range41.87 - 41.87
52-week range32.07 - 49.40
Volume150
Avg. volume31
Market cap7.839B
Beta (5Y monthly)0.78
PE ratio (TTM)19.38
EPS (TTM)2.16
Earnings dateN/A
Forward dividend & yield0.61 (1.46%)
Ex-dividend date28 May 2021
1y target estN/A
  • EQS Group

    United Internet AG gets off to good start in FY 2021

    DGAP-News: United Internet AG / Key word(s): Quarterly / Interim Statement11.05.2021 / 07:30 The issuer is solely responsible for the content of this announcement.- Customer contracts: + 280,000 to 25.93 million contracts- Sales: + 4.7% year on year to EUR 1.392 billion- EBITDA: EUR 346.5 million, thereof operating EUR 312.1 million (+ 3.8%)- EBIT: EUR 230.6 million, thereof operating EUR 196.2 million (+ 6.5%)- EPS: EUR 0.68, thereof operating EUR 0.58 (+ 23.4%)- 2021 guidance confirmedMontabaur, May 11, 2021. United Internet got off to a good start in its fiscal year 2021. In the first quarter of 2021, the company made further investments in new customer contracts and the expansion of its existing customer relationships, and thus in sustainable growth. All in all, the number of fee-based customer contracts was raised by a further 280,000 contracts to a current 25.93 million. Of this total, 140,000 contracts were added in the Consumer Access segment and 110,000 contracts in the Business Applications segment. A further 30,000 contracts and 150,000 ad-financed free accounts were added in the Consumer Applications segment.Consolidated sales grew by 4.7% to EUR 1,392.2 million in the first quarter of 2021 (EUR 1,329.4 million in the previous year).In the first quarter of 2021, earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 346.5 million and earnings before interest and taxes (EBIT) to EUR 230.6 million. These figures include an (out-of-period) positive effect of EUR 34.4 million from the fiscal year 2020. On February 15, 2021, 1&1 Drillisch accepted Telefónica Germany's offer - improved following review by the EU Commission - for national roaming and thus also retroactively as of July 1, 2020 for the related MBA MVNO advance services. The prices offered include annually decreasing data prices again, similar to the pricing mechanisms of the first five years of the MBA MVNO agreement. The offer accepted by 1&1 Drillisch is currently being transposed into a national roaming agreement.Adjusted for this (out-of-period) positive effect on earnings from the new advance service prices, EBITDA, EBIT and EPS developed as follows: operating EBITDA improved by 3.8% from EUR 300.8 million in the same period last year to EUR 312.1 million, and operating EBIT by 6.5% from EUR 184.2 million to EUR 196.2 million. These earnings figures include initial costs for the construction of the Company's own 5G network of EUR -7.2 million (prior year: EUR -2.8 million) as well as the announced investments of IONOS - above all for a product and sales drive in its cloud business and for further international expansion - amounting to EUR -10.1 million.Earnings per share (EPS) amounted to EUR 0.68. Without consideration of the (out-of-period) positive effect on earnings from the new advance service prices (EPS effect: EUR +0.10) and the Tele Columbus impairment charge in the previous year (EPS effect: EUR -0.08), operating EPS improved by 23.4% from EUR 0.47 in the same period last year to EUR 0.58, while operating EPS before PPA rose by 15.3% from EUR 0.59 to EUR 0.68.Outlook 2021On completion of the first quarter of 2021, United Internet AG can confirm its full-year guidance for 2021 and continues to expect sales growth to approx. EUR 5.5 billion and an increase in EBITDA to approx. EUR 1.22 billion (without consideration of the aforementioned out-of-period effect on earnings of EUR 34.4 million).An overview of all key figures and the quarterly statement for the first three months of 2021 are available online at www.united-internet.de.About United Internet With around 26 million fee-based customer contracts and over 39 million ad-financed free accounts, United Internet AG is a leading European internet specialist. At the heart of United Internet is a high-performance "Internet Factory" with approx. 9,850 employees, of which around 3,000 are engaged in product management, development and data centers. In addition to the high sales strength of its established brands (such as 1&1, GMX, WEB.DE, IONOS, STRATO, 1&1 Versatel and the discount brands of Drillisch Online), United Internet stands for outstanding operational excellence with more than 65 million customer accounts worldwide. Contact partnerUnited Internet AGLisa PleißPhone +49 2602 96-1616presse@united-internet.de Note In the interests of clear and transparent reporting, the annual financial statements and interim statements of United Internet AG, as well as its ad-hoc announcements pursuant to Art. 17 MAR, contain additional financial performance indicators to 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 Annual Report 2020 of United Internet AG on page 57.11.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: United Internet AG Elgendorfer Straße 57 56410 Montabaur Germany Phone: +49 (0)2602 / 96 - 1100 Fax: +49 (0)2602 / 96 - 1013 E-mail: info@united-internet.de Internet: www.united-internet.de ISIN: DE0005089031 WKN: 508903 Indices: MDAX, TecDAX Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1194783 End of News DGAP News Service

  • EQS Group

    United Internet subsidiaries 1&1 Drillisch and 1&1 Versatel expanding cooperation with Deutsche Telekom; 1&1 Drillisch accepts Telefónica's improved national roaming offer; preliminary figures 2020 an

    United Internet AG / Key word(s): Preliminary Results/ContractUnited Internet subsidiaries 1&1 Drillisch and 1&1 Versatel expanding cooperation with Deutsche Telekom; 1&1 Drillisch accepts Telefónica's improved national roaming offer; preliminary figures 2020 an15-Feb-2021 / 08:44 CET/CESTDisclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.United Internet subsidiaries 1&1 Drillisch and 1&1 Versatel expanding cooperation with Deutsche Telekom; 1&1 Drillisch accepts Telefónica's improved national roaming offer; preliminary figures 2020 and outlook 2021- Broadband advance services for 1&1 Drillisch in future from a single source via affiliate 1&1 Versatel- FTTH coverage expanded to include Deutsche Telekom's fiber optic connections- Purchase of high-performance FTTH/VDSL advance services at attractive terms and conditions with long-term advantages; EUR 130 million one-off, non-cash effective write-off for existing VDSL contingents in 2020- Improved offer of Telefónica for national roaming and new prices for MBA MVNO advance services accepted with retroactive effect as of July 2020- Preliminary figures 2020 confirm forecasted sales growth and operating EBITDA- Guidance 2021: sales: approx. EUR 5.5 billion; EBITDA: approx. EUR 1.22 billionMontabaur, February 15, 2021. Broadband advance services / FTTH connectionsThe United Internet subsidiary 1&1 Drillisch AG is expanding its fiber optic offering and will in future receive VDSL and FTTH advance services (fiber to the home - "FTTH") from its affiliate 1&1 Versatel. For this purpose, 1&1 Drillisch has entered into an agreement with 1&1 Versatel on the long-term purchase of FTTH and VDSL complete packages including Voice and IPTV effective from April 1, 2021.At the same time, 1&1 Versatel has entered into an agreement with Deutsche Telekom on the use of Deutsche Telekom's FTTH and VDSL connections for households. These enable 1&1 Versatel to provide FTTH/VDSL complete packages for 1&1 Drillisch, as 1&1 Versatel's nationwide transport network is largely connected to the local broadband networks of Deutsche Telekom.In addition to the existing access to FTTH connections of well-known city carriers, 1&1 Versatel thus gets initial access to approx. 750,000 additional FTTH connections. The number of marketable FTTH connections of Deutsche Telekom is expected to increase by an average of 2 million households per year in the coming years.FTTH connections for private households enable bandwidths of up to 1Gbit/s. Households not yet equipped with FTTH will be supplied with VDSL connections (up to 250 Mbit/s).Given the advantages of the new combined VDSL/FTTH agreement, the existing purely VDSL advance service agreement between 1&1 Drillisch and Deutsche Telekom will be terminated before maturity by mutual agreement of the parties. For 1&1 Drillisch, this will result in the write-off of accrued assets for VDSL contingents for existing customers still available until March 31, 2024, that must be written off in the amount of approx. EUR 130 million. The one-off write-off has no cash effect and will be clearly exceeded by the positive effects from the expanded cooperation with Deutsche Telekom in the long-run.The new FTTH/VDSL agreement with Deutsche Telekom is subject to approval by the Federal Network Agency ("Bundesnetzagentur") as the competent regulatory authority.Furthermore, 1&1 Drillisch has decided today to accept bindingly Telefónica Deutschland's offer - that was improved following review by the EU Commission - for national roaming and the related MBA MVNO advance services. The terms and conditions offered by Telefónica that will apply retroactively from July 2020 are to be based once again on the pricing mechanisms of the first five years of the MBA MVNO agreement. In particular, the offer again includes annually decreasing data prices, which are lower than the fixed prices currently charged by Telefónica.The conclusion of an agreement, which Telefónica's offer expects until approx. mid-May 2021, would have a positive earnings effect for 1&1 Drillisch, and thus also for United Internet, of approx. EUR 34 million in the fiscal year 2020, which would be booked as an out-of-period return in the fiscal year 2021. In addition, this would constitute an essential prerequisite for 1&1 Drillisch's envisaged rollout of a high-performance 5G network.Preliminary figures 20201&1 Drillisch, and thus also United Internet, will recognize the write-off for no longer utilized VDSL contingents in its financial statements as of December 31, 2020. Based on preliminary and unaudited figures, United Internet posted EBITDA - without this one-off special item - of approx. EUR 1.18 billion (prior year: EUR 1.24 billion without sale of virtual minds shares) and thus reached its operating earnings guidance. Taking into account the non-recurring, non-cash effective write-off for no longer utilized VDSL contingents for existing customers, EBITDA amounted to approx. EUR 1.05 billion. The EBITDA 2020 figure includes increased costs for the procurement of mobile advance services due to Telefónica's mid-2020 price increase, regulatory effects, higher initial costs for the 5G network rollout and negative effects from the coronavirus pandemic. Despite negative impacts of the coronavirus pandemic, sales rose to around EUR 5.36 billion in 2020 (prior year: EUR 5.194 billion). Fee-based customer contracts increased by 910,000 to 25.65 million.Outlook 2021For the fiscal year 2021, United Internet anticipates sales growth to approx. EUR 5.5 billion (2020 preliminary: EUR 5.36 billion). Without consideration of the out-of-period income of approx. EUR 34 million in connection with the planned conclusion of the national roaming agreement, EBITDA is expected to increase to approx. EUR 1.22 billion (2020 preliminary: EUR 1.18 billion). This forecast includes negative effects from the coronavirus pandemic on sales and earnings of approx. EUR 25 million (2020 preliminary: approx. EUR 27 million) as well as high investments in future topics. For example, 1&1 Drillisch plans initial costs for the 5G network rollout of approx. EUR 30 million (2020 preliminary: approx. EUR 14 million) and IONOS an additional approx. EUR 40 million for a product and sales drive. Following the integration of STRATO, World4You and ProfitBricks in the past few years and its successful rebranding, IONOS aims to focus on expanding its cloud business and driving further internationalization. In the current year, IONOS expects to reach Contact partnerUnited Internet AGLisa PleissPhone +49 2602 96-1616presse@united-internet.deNote In the interests of clear and transparent reporting, the annual financial statements and interim statements of United Internet AG, as well as its ad-hoc announcements pursuant to Art. 17 MAR, contain additional financial performance indicators to 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 Annual Report 2019 of United Internet AG from page 49 onwards.15-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: United Internet AG Elgendorfer Straße 57 56410 Montabaur Germany Phone: +49 (0)2602 / 96 - 1100 Fax: +49 (0)2602 / 96 - 1013 E-mail: info@united-internet.de Internet: www.united-internet.de ISIN: DE0005089031 WKN: 508903 Indices: MDAX, TecDAX Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1168167 End of Announcement DGAP News Service

  • EQS Group

    United Internet AG: Improved Telefónica-offer on national roaming and MBA MVNO services for 1&1 Drillisch; EU Commission's analysis completed

    United Internet AG / Key word(s): Contract/Strategic Company DecisionUnited Internet AG: Improved Telefónica-offer on national roaming and MBA MVNO services for 1&1 Drillisch; EU Commission's analysis completed05-Feb-2021 / 17:58 CET/CESTDisclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.Montabaur, 5 February 2021. Drillisch Online GmbH, a wholly-owned subsidiary of 1&1 Drillisch AG and indirect subsidiary of United Internet, and Telefónica Germany GmbH & Co. OHG (″Telefónica") have long been in negotiations regarding the conclusion of a national roaming agreement based on the commitments of Telefónica under the merger clearance decision of the EU Commission regarding the merger with E-Plus. The EU Commission supervises the compliance of Telefónica with these commitments.In October 2020, Telefónica made a, from Telefónica's perspective, final offer to 1&1 Drillisch on key framework conditions and prices for national roaming. The prices offered shall also apply retroactively from July 2020 to the current MBA MVNO agreement. While Telefónica has been charging consistently high advance service prices under the MBA MVNO agreement since July 2020, Telefónica's offer is based on the price mechanisms of the first five years of the MBA MVNO agreement. In particular, it provides for annually decreasing data prices that were lower than the prices currently charged under the MBA MVNO agreement.After completion of its analysis, the EU Commission today communicated to 1&1 Drillisch its assessment that the offer submitted by Telefónica in October 2020 was not fully in line with Telefónica's commitments under the EU merger clearance decision and that the offer has to be improved by Telefónica. Thereupon, Telefónica today made an improved offer to 1&1 Drillisch. The improved offer can be accepted by 1&1 Drillisch until 19 February 2021.1&1 Drillisch will examine whether it is in the interest of the company to accept Telefónica's new offer. Should 1&1 Drillisch decide to accept the offer, the framework conditions and prices offered by Telefónica would then have to be transferred into a national roaming agreement and the application of the new, annually decreasing prices also on MBA MVNO services would have to be regulated with retroactive effect for the period as of July 2020 from the beginning of national roaming.The conclusion of an agreement, which Telefónica's offer expects until approx. mid of May 2021, would have a positive earnings effect of approx. EUR 30 million for 1&1 Drillisch and thus also for United Internet in the fiscal year 2020, which would be booked as an out-of-period return in the fiscal year 2021. In addition, an agreement on national roaming would constitute an essential prerequisite for 1&1 Drillisch's envisaged rollout of a high-performance 5G network.The EU Commission's assessment, which has now been communicated, has no significance for the price adjustment procedures initiated by 1&1 Drillisch under the MBA MVNO agreement. In these procedures, 1&1 Drillisch demands from Telefónica significant retroactive reductions of the advance service prices under the MBA MVNO agreement.Contact partnerUnited Internet AGLisa PleißPhone +49 2602 96-1616presse@united-internet.deNote In the interests of clear and transparent reporting, the annual financial statements and interim statements of United Internet AG, as well as its ad-hoc announcements pursuant to Art. 17 MAR, contain additional financial performance indicators to 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 Annual Report 2019 of United Internet AG from page 49 onwards.05-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: United Internet AG Elgendorfer Straße 57 56410 Montabaur Germany Phone: +49 (0)2602 / 96 - 1100 Fax: +49 (0)2602 / 96 - 1013 E-mail: info@united-internet.de Internet: www.united-internet.de ISIN: DE0005089031 WKN: 508903 Indices: MDAX, TecDAX Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1166380 End of Announcement DGAP News Service