IOS IONOS GROUP SE

EQS-News: IONOS Group SE with Q1 2024 results and confirmation of guidance for 2024

EQS-News: IONOS Group SE / Key word(s): Quarterly / Interim Statement/Quarterly / Interim Statement
IONOS Group SE with Q1 2024 results and confirmation of guidance for 2024

08.05.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


  • + 200,000 customers to 6.26 million (Q1 2023: 6.06 million customers)
  • + 5.4% sales to € 373.0 million (Q1 2023: € 353.8 million)
  • + 22.7% adjusted EBITDA to € 105.3 million (Q1 2023: € 86.2 million)
  • Guidance for 2024 confirmed

Karlsruhe / Berlin, 08 May 2024: IONOS Group SE, the leading European digitalization partner for small and medium-sized enterprises, has made a successful start to the 2024 financial year. In addition to the positive development of revenue and earnings in the first three months of 2024, the number of customers also increased by around 200,000 to 6.26 million. 

In the first quarter, sales increased by 5.4% to € 373.0 million (Q1 2023: € 353.8 million). Adjusted EBITDA increased significantly in the first three months of 2024, rising 22.7% YoY to € 105.3 million (Q1 2023: € 86.2 million). The adjusted EBITDA margin increased to 28.4% (Q1 2023: 24.4%). 

Due to the successful start to the 2024 financial year, IONOS is confirming its guidance for 2024 and 2025. For the 2024 financial year, the company is planning currency-adjusted sales growth of around 11% (2023: € 1.423 billion). The adjusted EBITDA margin is expected to be around 28.5% (2023: 27.4%), resulting in adjusted EBITDA of around € 450 million (2023: € 390.3 million).

For 2025, IONOS plans to maintain its strong sales growth and further increase the adjusted EBITDA margin to around 30%.

 

Media contact:
Andreas Maurer

Phone 8

Investor Relations contact:
Stephan Gramkow

Telefon 7



08.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at -news.com


Language: English
Company: IONOS Group SE
Elgendorfer Straße 57
56410 Montabaur
Germany
E-mail:
ISIN: DE000A3E00M1
WKN: A3E00M
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange
EQS News ID: 1897689

 
End of News EQS News Service

1897689  08.05.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1897689&application_name=news&site_id=research_pool
EN
08/05/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on IONOS GROUP SE

Daniel Großjohann
  • Daniel Großjohann

Weiter auf Kurs: Ausblick bestätigt, überpro-portionales Ergebniswachs...

Das Umsatzwachstum in Q1 lag mit 5,4% auf den ersten Blick deutlich unter dem für das Gesamtjahr 2024 angestrebten Wachstum von rd. 11% (wechselkursbereinigt). Dies hat - ebenso wie der überproportionale Anstieg der Ergebniskennzahlen in Q1 (ber. EBITDA: + 22,7%; ber. EPS: + 42,9%) - seinen Hintergrund auch im margenschwächeren Aftermarket-Geschäft, das eine temporäre Schwäche (in Zusammenhang mit einer Produktneueinführung) zeigte. Unter Ausklammerung des Aftermarket-Geschäftes, lag das Q1-Wach...

Daniel Großjohann
  • Daniel Großjohann

On track: Outlook confirmed, above-proportional earnings growth

At 5.4%, sales growth in Q1 was at first glance significantly below the targeted growth of around 11% (adjusted for exchange rate effects) for the full year 2024. This - as well as the disproportionately high increase in key earnings figures in Q1 (reported EBITDA: + 22.7%; reported EPS: + 42.9%) - is also due to the lower-margin Aftermarket business, which showed a temporary weakness (in connection with a new product launch). Excluding the Aftermarket business, Q1 growth was 12.8%, which is abo...

Stephane Beyazian
  • Stephane Beyazian

IONOS : A robust Q1 2024 and a cloud contract that opens up prospects

>Positive impact of Q1 2024 on estimates - Following an excellent Q1 2024, we are marginally raising our forecasts as of 2025 (except 2024 due to a non-cash impact of the derivative contract for € 8bn):We factor in the cloud contract with the government agencies (ITZBund) that enable a ramp-up in revenues as of 2025 (revenues forecast at over € 20m per year over 5 years). We now expect 17% over CAGR growth in 2023-2026 vs 13% previously.We are slightly rais...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch