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DRILLISCH AG (FRA:DRI) 1&1 with successful first half, forecast for 2022 confirmed

Directive transparence : information réglementée

04/08/2022 07:30

DGAP-News: 1&1 AG / Key word(s): Half Year Results/Forecast
1&1 with successful first half, forecast for 2022 confirmed

04.08.2022 / 07:30
The issuer is solely responsible for the content of this announcement.


 

1&1 with successful first half, forecast for 2022 confirmed 

  • Customer contracts: + 120,000 to 15.55 million, comparable operational contract growth +290,000
  • Revenue: + 1.1 percent to €1,952 million, thereof €1,582 million service revenues (+ 2.6 percent)
  • EBITDA: €368.2 million (+ 9.6 percent excluding income relating to other periods in H1 2021)
  • Earnings per share: + 10.8 percent to €1.13
  • Forecast 2022 confirmed

Montabaur, August, 4, 2022 –1&1 AG (ISIN DE 0005545503) was able to increase the number of its customer contracts in H1 2022 by 120,000 to 15.55 million. This growth was based on 190,000 Mobile Internet contracts (+300,000 operational growth less around -110,000 contracts due to TKG effect), whose base stood at 11.38 million at the end of the first half of 2022. At the same time the number of broadband lines decreased by 70,000 contracts (-10,000 operational and around -60,000 contracts due to TKG effect) to 4.17 million.

Revenue in the first half of 2022 rose by 1.1 percent to €1,952.0 million (H1 2021: €1,930.7 million). In this context, high-value service revenue increased by 2.6 percent to €1,581.9 million (H1 2021: €1,541.7 million).

Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 9.6 percent to €368.2 million (H1 2021: €336.1, excluding income relating to other periods).

EBITDA includes -€16.1 million in costs for preparations for the 1&1 mobile network roll-out (H1 2021: -€14.9 million).

Earnings per share (EPS) increased by 10.8 percent to €1.13 (H1 2021: €1.02 excluding income relating to other periods).

Forecast

The Company confirms its forecast FY 2022 and expects service revenues to increase to ca. €3.2 billion (2021: €3.1 billion) and the operating EBITDA at the previous year’s level (€671.9 million, excluding out-of-period effects). This forecast continues to include costs for the 1&1 mobile network rollout of ca. -€70 million (2021: -€38 million). The number of customer contracts is expected to grow by around 450,000. For 2022, an investment volume (Cash-Capex) of approximately €400 million is expected, primarily for the 1&1 mobile network (antennas, computers and software).

Performance indicators pursuant to IFRS — comparison H1 2021 vs. H1 2022

in €m H1 2021 H1 2022 Change
Revenue
thereof service revenue
1,930.7
1,541.7
1,952.0
1,581.9
+1.1 %
+2.6 %
EBITDA (2021 excluding income relating to other periods*)
thereof segment Access
thereof segment 1&1 mobile network
 
336.1
351.0
-14.9
 
368.2
384.3
-16.1
 
+9.6 %
+9.5 %
 
 
EBIT (2021 excluding income relating to other periods*)
thereof segment Access
thereof segment 1&1 mobile network
 
256.9
271.8
-14.9
 
287.7
303.8
-16.1
 
+12.0 %
+11.8 %
 
 
       
EPS in € (2021 excluding income relating to other periods*) 1.02 1.13 +10.8 %
       
Customer contracts in million 15.11 15.55 +2.9 %

* H1 2021 excluding €39.4 million in non-period income due to retroactive price adjustment for MBA MVNO services, effect on EPS amounted to €0.16

This quarterly statement will be made available on the Company’s home page on August 4, 2022.

https://www.1und1.ag/investor-relations-en#meldungen-berichte-praesentationen

 

Montabaur, 4 August 2022

1&1 AG
The Management Board

 

About 1&1 AG

1&1 AG is a listed telecommunications provider, headquartered in Montabaur. The company is part of the United Internet AG group. 1&1 offers its customers a comprehensive portfolio of wireless services and broadband access. It also offers attractive bundled products comprising mobile and fixed-network services, as well as value-added applications such as home networking, online storage, video-on-demand, smart home solutions and IPTV. While the brand 1&1 addresses value and premium segments, the Group's discount brands appeal to price-conscious target groups.

 



04.08.2022 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.

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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: 1412943

 
End of News DGAP News Service

1412943  04.08.2022 

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