1&1 AG : 2024 targets better than expected with the opening of the network
>2024 EBITDA outlook 8% higher than expected - 1&1 announced its 2024 targets yesterday, which were higher than we expected and above the consensus. For 2024, 1&1 expects revenues to be up 4% to € 3.36bn (2% above the consensus), EBITDA to grow 10% (or € 721m, 8% above the consensus forecast of € 666m) and capex to rise 20% (or € 384m, 5% above the consensus at € 366m). All told, EBITDA-capex is 12% higher than expected. These estimates reflect (i) 1&1’s confiden...Drillisch is a holding company. Co. through its subsidiaries, is a mobile virtual network operator in Germany. The services acquired from the network operators Telekom Deutschland GmbH, Vodafone D2 GmbH, E-Plus Mobilfunk GmbH and Telefonica O2 Germany GmbH & Co. OHG are sold further to the end consumers for Co.'s own account and at rates established by Co. Co. organizes its operations into three segments: telecommunications, which includes its activities in the sector of wireless services; freenet holding, which comprises the operations of its freenet AG subsidiary; and software services, which involves activities related to the development and marketing of a workflow management software.
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