However, the background is not hopes for more sales – here the expectations remain unchanged. Rather, the sluggish network construction at the subsidiary 1&1 leads to lower investment costs, as the company announced on Friday evening. In terms of sales, United Internet continues to expect an increase to EUR 5.85 billion in 2022.

    Earnings before interest, taxes, depreciation and amortization (Ebitda) should now climb to 1.27 billion euros. So far, United Internet had assumed 1.26 billion euros. Instead of an investment of 0.8 to 1.0 billion euros, United Internet only expects 0.7 billion euros. This is primarily the result of unexpected delays in the provision of antenna locations as a result of delivery bottlenecks at an expansion partner of 1&1.

    The subsidiary now also expects more profits in the current year due to lower investments. The sales forecast also remains unchanged. In terms of customer growth, 1&1 expects 100,000 fewer new contracts than previously expected due to the stronger than expected effects of new legal regulations. In 2022, these should still be 350,000.

    In after-hours Tradegate trading on Friday, the United Internet share was temporarily at EUR 19.18 and thus 0.4 percent below the XETRA close.

    /he/la

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