Freenet AG : Q2 2018 in line: resilience of post-paid mobile business, waipu.tv seeking its audience
>Q2 sales and EBITDA in line, exceptional gain from +€ 7.3m disposal - Freenet yesterday evening reported Q2 sales in line with expectations, down -17% to € 696m (Oddo BHF’s estimate: € 686m, consensus: € 692m). Excluding the IFRS impact, organic growth reached +6.5%. Stripping out the sale of part of the VHF infrastructure business (Media Broadcast) for € 7.3m, the group’s EBITDA excl. Sunrise came in at € 100.8m, also in line with expectations (Oddo BHF € 101m, cons...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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