United Internet wants to sell and earn more next year than this year.
As the group, which is listed in the MDAX and TecDAX, announced that it is aiming to increase group sales to around 6.5 billion euros by 2024. In the current year, sales are expected to reach around 6.2 billion euros after 5.9 billion in 2022. In terms of EBITDA, United Internet forecast around 1.42 billion euros for 2024. This year, an EBITDA of around 1.29 (previous year 1.27) billion euros is targeted.
In addition, United Internet wants to invest heavily next year, especially in the expansion of the fiber optic and mobile network. Cash capital expenditure is expected to be 10 to 20 percent higher in 2024 than in the current year, at around 800 million euros.
1&1 promises further growth in 2024
The telecommunications service provider 1&1 has set itself the goal of increasing its service revenue by around 4 percent for the 2024 financial year. Earnings before interest, taxes, depreciation and amortization (EBITDA) are expected to increase by around 10 percent, as United Internet’s mobile communications subsidiary announced.
For the current financial year, 1&1 forecasts service sales of around 3.23 billion euros and an EBITDA of around 655 million euros.
The company will continue to invest in the expansion of the mobile network in 2024 – cash capital expenditure is expected to be around 20 percent higher than in the current year at an expected 320 million euros.
In Tradegate trading, United Internet shares rose by 2.90 percent to 20.58 euros. Shares in 1&1 are up 2.10 percent. As the group, which is listed in the MDAX and TecDAX, announced, it is aiming to increase group sales to around 6.5 billion euros by 2024. In the current year, sales are expected to reach around 6.2 billion euros after 5.9 billion in 2022. In terms of EBITDA, United Internet forecast around 1.42 billion euros for 2024. This year, an EBITDA of around 1.29 (previous year 1.27) billion euros is targeted.
In addition, United Internet wants to invest heavily next year, especially in the expansion of the fiber optic and mobile network. Cash capital expenditure is expected to be 10 to 20 percent higher in 2024 than in the current year, at around 800 million euros.
1&1 promises further growth in 2024
The telecommunications service provider 1&1 has set itself the goal of increasing its service revenue by around 4 percent for the 2024 financial year. Earnings before interest, taxes, depreciation and amortization (EBITDA) are expected to increase by around 10 percent, as United Internet’s mobile communications subsidiary announced.
For the current financial year, 1&1 forecasts service sales of around 3.23 billion euros and an EBITDA of around 655 million euros.
The company will continue to invest in the expansion of the mobile network in 2024 – cash capital expenditure is expected to be around 20 percent higher than in the current year at an expected 320 million euros.
In Tradegate trading, United Internet shares rose by 2.90 percent to 20.58 euros. Shares in 1&1 gained 2.10 percent to 16.50 euros.
FRANKFURT (Dow Jones)
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