1&1 AG Initiates Transformation at 1&1 Versatel, Revises 2026 EBITDA Forecast

1&1 AG has unveiled a comprehensive transformation program for its subsidiary, 1&1 Versatel, with approval from the Supervisory Board. The aim is to revamp the organization, streamline operations, and enhance IT structures to bolster productivity and future investments. Key components include management consolidation and employee reduction, decreasing from 1,350 to around 1,000 full-time positions.

This restructuring will be conducted in cooperation with employee representatives, considering partial retirement and voluntary schemes. The financial impact includes one-off expenses of approximately €60 million in 2026, adjusted EBITDA forecast to €740 million. Post-transformation, annual earnings could rise by €25 million starting in 2028, supporting future company investments.