Freenet AG : A solid start to Q1 2023. Target price raised to € 27
>Growth beats forecasts in Q1 2023 - For Q1 2023, Freenet recruited 51,000 mobile clients (the best quarter since Q4 2020), 83,000 clients for waipu.tv (second-best quarter in the group’s history, thanks to the distribution of services to Deutsche Glasfaser's clients) and lost 27,000 Freenet TV clients (as expected). Freenet published revenue up 3.4% vs Q1 2022, of which 2% in telecoms (good client growth, stable ARPU) and 9% in media (growth at waipu.tv). EBITDA was ...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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