Freenet AG : Laudable transparency but weak growth in sight in 2019
>Before exceptional items, Q4 EBITDA was 3% below forecasts - Freenet released preliminary full-year results yesterday prior to the final report on 25 March. Sales were 4% above forecasts at € 794m. Despite disappointing postpaid adds (+27,000 after +40,000 in Q3 and +50,000 forecast), mobile ARPU rose by 1.4%. As expected, entry-level and prepaid subscriber adds continued to be weak at +22.000 and -61,000 respectively. Sales in the mobile segment were 3% above the co...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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