Freenet AG : Record waipu.tv net additions (but its earnings boost will be in 2025)
>Stable EBITDA in Q2 2024 - Q2 2024 revenues are down 4% y-o-y to € 605m, due to the shutdown of Gravis stores since Q1 2024, broadly in line with expectations (cons. € 607m, ODDO BHF € 626m). Excluding Gravis, sales are up 3.4% y-o-y, driven by media growth (+16%) and stable mobile sales (+1%). Q2 2024 EBITDA is stable at € 127m (cons. €126m, ODDO BHF € 125m), a little better than in Q1 2024 (-3.5%) which was impacted by higher marketing expenses. H1 2024 FCF are do...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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