1&1 AG / DE0005545503
21.03.2024 - 07:29:331&1 with successful fiscal year 2023
| 1&1 AG / Key word(s): Annual Results/Dividend 1&1 with successful fiscal year 2023 21.03.2024 / 07:29 CET/CEST The issuer is solely responsible for the content of this announcement. 1&1 with successful fiscal year 2023 Customer contracts: +480,000 to 16.26 million Revenue: + 3.4 percent to €4,097 million, thereof €3,243 million service revenues EBITDA: - 5.7 percent to €653.8 million, due to the expected and planned increase in start-up costs for the 1&1 mobile network Forecast 2024: ca. 4 % higher service revenue, ca. 10 % higher EBITDA Montabaur, March 21, 2024 – 1&1 AG (ISIN DE 0005545503) was able to increase the number of its customer contracts in 2023 in comparison with 31 December 2022 by 480,000 to 16.26 million. The growth was based on 570,000 new mobile Internet contracts won, whose base stood at 12.25 million at the end of 2023, while the number of broadband lines decreased as expected by 90,000 to 4.01 million in the same period. The decline is the result of developments in the first three quarters. As expected, the number of broadband connections remained stable in the fourth quarter. Revenue rose in 2023 by 3.4 percent to €4,096.7 million (2022: €3,963.7 million). In this context, high-value service revenue increased by 2.1 percent to €3,243.2 million (2022: €3,175.4 million). EBITDA 2023 (earnings before interest, taxes, depreciation and amortisation) at €653.8 million (2022: €693.3) is in line with the company's forecast. EBITDA includes an increase of 5.4 percent in the “Access” operating segment to €786.2 million (2022: €745.7 million) as well as scheduled start-up costs of -€132.4 million for the construction in the “1&1 mobile network” segment (2022: -€52.4 million). EBIT amounted to €455.8 million (2022: €534.9 million) in 2023, as expected 14.8 percent below previous year's figure. For the first time, it includes noteworthy depreciation on investments for the 1&1 mobile network in the amount of -€47.3 million (2022: - €0.09 million) as a result of the network start at the end of 2022. This amortization will continue to increase in the coming years. They will be offset by successively increasing cost savings for advance mobile services. Earnings per share (EPS) decreased by 13.9 percent to €1.79 (2022: €2.08), included therein - €0.19 for the aforementioned depreciation and amortization on investments in the 1&1 mobile network. Forecast For the financial year 2024, the company confirms its forecast and expects further growth in service revenue of ca. 4 percent to ca. €3.37 billion (2023: €3.243 billion). EBITDA is expected to increase by 10 percent to ca. €720 million (2023: €653.8 million). The "Access" segment will contribute a growth of 12 percent to ca. €880 million (2022: €786.2 million) whilst the start-up costs for the construction of the 5G network in the "1&1 Mobile Network" segment are expected to increase only moderately to ca. - €160 million (2022: - €132.4 million). A capital expenditure volume (cash capex) will increase by approx. 28% to around €380 million is expected for 2024 (2023: €295.6 million). Based on the figures for 2023, the Management Board and Supervisory Board will propose an unchanged dividend of €0.05 per share for the fiscal year 2023 (prior year: €0.05) at the Annual Shareholders' Meeting on May 16, 2024. This proposal is oriented to the minimum dividend required by Section 254 (1) Stock Corporation (Aktiengesetz; AktG). Assuming 176.3 million shares entitled to dividend (as per 31/12/2022), this would result in a total disbursement of €8.8 million for fiscal 2022. Performance indicators pursuant to IFRS — comparison 2023 vs. 2022
21.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| Language: | English |
| Company: | 1&1 AG |
| Elgendorfer Straße 57 | |
| 56410 Montabaur | |
| Germany | |
| Phone: | +49 (0) 6181 - 412 218 |
| Fax: | +49 (0) 6181 - 412 183 |
| E-mail: | ir@1und1.de |
| Internet: | www.1und1.AG |
| ISIN: | DE0005545503 |
| WKN: | 554550 |
| Indices: | SDAX, TecDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1863465 |
| End of News | EQS News Service |
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