|
DGAP-News: United Internet AG
/ Key word(s): Half Year Results
United Internet with successful first half-year 2020 - Customer contracts exceed 25 million for the first time - Sales: + 4.0% to EUR 2.658 billion despite pandemic effects; - EBITDA: - 1.5% to EUR 620.5 million; - EBIT: -1.4% to EUR 385.4 million;
Consolidated sales grew by 4.0% in the first half of 2020, from EUR 2,556.5 million in the previous year to EUR 2,657.9 million. This growth was achieved in spite of the effects on business from the coronavirus pandemic. These effects had a negative impact on the Consumer Access and Consumer Applications segments in particular. There were opposing positive effects in the Business Access segment. Adjusted for pandemic effects, like-for-like sales rose by 4.2%. At EUR 620.5 million, consolidated EBITDA in the first half of 2020 was just 1.5% below the prior-year figure of EUR 630.0 million. Adjusted for extraordinary income from the sale of shares in virtual minds included in the previous year amounting to EUR 21.5 million, EBITDA rose by 2.0%. This at first glance merely moderate increase was due in particular to initial costs for the construction of the company's own 5G mobile communications network as well as negative effects from regulatory decisions in the Consumer Access segment. In addition to these expected negative effects, the coronavirus pandemic also burdened consolidated earnings in the first half of 2020. Adjusted for extraordinary income in the previous year and the aforementioned negative effects, like-for-like EBITDA rose by 6.3%. Consolidated EBIT of EUR 385.4 million was also influenced by these negative effects and was similarly just 1.4% below the prior-year figure (EUR 390.8 million including the aforementioned extraordinary income). Adjusted for extraordinary income in the previous year and the above mentioned effects, like-for-like EBIT increased by 11.4%. Earnings per share (EPS) rose from EUR 0.84 in the previous year to EUR 1.06. EPS for the first half of 2020 includes non-cash impairment reversals on shares held in Tele Columbus of EUR +14.7 million (EPS effect: EUR +0.08) as a result of closing-date effects. The value of these shares is adjusted throughout the year in accordance with the prevailing share price. By contrast, EPS for the first half of 2019 included non-cash impairment charges on Tele Columbus shares of EUR -34.2 million (EPS effect: EUR -0.17), as well as the extraordinary income of EUR +21.5 million from the sale of shares in virtual minds (EPS effect: EUR +0.11). Adjusted for these effects, operating EPS improved by 8.9% from EUR 0.90 to EUR 0.98 and operating EPS before PPA amortization by 7.9% from EUR 1.14 to EUR 1.23.
An overview of all key figures and the Half-year Financial Report 2020 are available online at . Contact partner Note Contact: Press United Internet AG Elgendorfer Straße 57 56410 Montabaur Phone: +49 2602/96-1616 Fax: +49 2602/96-1085 E-Mail: Internet: -internet.de
13.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | United Internet AG |
| Elgendorfer Straße 57 | |
| 56410 Montabaur | |
| Germany | |
| Phone: | +49 (0)2602 / 96 - 1100 |
| Fax: | +49 (0)2602 / 96 - 1013 |
| E-mail: | |
| Internet: | -internet.de |
| ISIN: | DE0005089031 |
| WKN: | 508903 |
| Indices: | MDAX, TecDAX |
| Listed: | Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1116929 |
| Â | |
| End of News | DGAP News Service |
|
|
1116929Â Â 13.08.2020Â
