1&1 AG
- ISIN DE0005545503
- Country Deutschland
Company profile
About 1&1 AG
1&1 AG is a listed telecommunications provider domiciled in Montabaur. The Company is a member of the United Internet AG corporate group.
1&1 is the first network operator in Europe to operate a fully virtualised mobile network based on innovative Open RAN technology. In addition to a comprehensive mobile communications portfolio, broadband connections are offered which are mostly based on 1&1 Versatel’s Germany-wide fibre-optic transport network and on regional networks of city carriers and Deutsche Telekom.
While the 1&1 brand addresses value and premium segments, the Group’s discount brands appeal to price-conscious target groups.
Forecast 2024
1&1 AG has narrowed its revenue forecast and now expects an increase in service revenues to approximately €3.31 billion in the 2024 financial year (previously ca. €3.33 billion; 2023: €3.243 billion.
At the same time, the company is confirming its earnings forecast for 2024: EBITDA in the access operating segment is expected to grow by ca. 9 percent to ca. €860 million (2023: €786.2 million), while the expected start-up costs for the 1&1 mobile network are expected to amount to ca. -€174 million. (2023: -€132.4 million), including out-of-period-expenses of around €14 million. Overall, EBITDA 2024 is expected to increase to unchanged approximately € €686 million (2023: €653.8 million).
The company now is expecting an investment volume (cash capex) of ca. €460 million (2023: €295.6 million).
1&1 AG is a listed telecommunications provider domiciled in Montabaur. The Company is a member of the United Internet AG corporate group.
1&1 is the first network operator in Europe to operate a fully virtualised mobile network based on innovative Open RAN technology. In addition to a comprehensive mobile communications portfolio, broadband connections are offered which are mostly based on 1&1 Versatel’s Germany-wide fibre-optic transport network and on regional networks of city carriers and Deutsche Telekom.
While the 1&1 brand addresses value and premium segments, the Group’s discount brands appeal to price-conscious target groups.
Forecast 2024
1&1 AG has narrowed its revenue forecast and now expects an increase in service revenues to approximately €3.31 billion in the 2024 financial year (previously ca. €3.33 billion; 2023: €3.243 billion.
At the same time, the company is confirming its earnings forecast for 2024: EBITDA in the access operating segment is expected to grow by ca. 9 percent to ca. €860 million (2023: €786.2 million), while the expected start-up costs for the 1&1 mobile network are expected to amount to ca. -€174 million. (2023: -€132.4 million), including out-of-period-expenses of around €14 million. Overall, EBITDA 2024 is expected to increase to unchanged approximately € €686 million (2023: €653.8 million).
The company now is expecting an investment volume (cash capex) of ca. €460 million (2023: €295.6 million).