Freenet AG : Adjusted EBITDA 3% lower than the consensus, disappointment at media
>Revenues in line, EBITDA excluding one-off items 3% shy of forecasts - Freenet yesterday evening reported revenues fully in line with expectations, down 18.5% to € 717m (Oddo BHF and consensus: € 716m). Without applying IFRS 15, l-f-l growth came to 4.4%. Similar to Q2 which had seen a positive effect of +€ 7.3m, the group posted an exceptional capital gain of € 18.4m on the sale of part of its broadcasting infrastructure. When adjusted for this exceptional capital g...Freenet is a telecommunications provider in Germany. Co. provides its customers a portfolio of services and products, particularly in the field of mobile voice and data services. Co. does not operate its own network, but markets mobile communication services for the mobile network operators Telekom, Vodafone, E-Plus and O2 in Germany, under its own name and on its own account. Apart from its own network-independent postpaid, no-frills and prepaid services, Co. also provides the original network operators' tariffs. Co. operates within two segments: mobile communications and other/holding.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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