1&1 AG reports 3.8% increase in H1 service revenue to €1.64bn and adjusts FY revenue forecast to 3% growth, down from 4%.

1&1 AG, a telecom provider and subsidiary of United Internet AG, reported a 3.8% increase in high-margin service revenue to €1.64bn in H1 2024, with 90,000 more customer contracts. However, the company revised its forecast for the year, predicting an increase in service revenue of approx. 3% to around €3.33bn, down from a previous expected 4%. The firm expects a 9% rise in EBITDA in its Access segment to €860m and a total EBITDA of around €686m, excluding out-of-period expenses. The company anticipates an investment volume (cash capex) of around €460m, up from its previous estimate of €380m.

August 02, 2024
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