News
Feed
Events
Feed
News
+ Events
Feed

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
As a result of a temporary outage of the 1&1 mobile network at the end of May 2024, there was an increase in cancellations, which mainly took effect in June and July. As a result, contract growth and the associated growth in service revenue and EBITDA in the first half of 2024 was lower than expected. Growth is also expected to be lower than planned in the third quarter. For this reason, 1&1 AG has adjusted its forecast on 2 August 2024.

The company now expects service revenue to increase by around 3% to approximately EUR 3.33 billion in the 2024 financial year (previously expected: approx. + 4 percent to €3.37 billion; 2023: €3.243 billion. EBITDA is in the operative segment Access is expected to increase by ca. 9 percent to ca. €860 million (previously expected: ca. + 12 percent to €880 million; 2023: €786.2 million). Start-up costs for the construction of the 5G network in the 1&1 Mobile Network segment are expected to amount to ca. -€174 million, due to -€14.3 million in out-of-period expenses (previously expected: -€160 million; 2023: -€132.4 million).

Overall, EBITDA in 2024 is expected to be around €686 million, or €700 million excluding out-of-period expenses (previously expected: ca. €720 million; 2023: €653.8 million).

The company now is expecting an investment volume (cash capex) of ca. €460 million (previously expected: ca. €380 million; 2023: €295.6 million). The background to this is the build-up of an inventory of network components, which were previously stockpiled by expansion partners.