United Internet AG : Q1 results 3% below forecasts, but uncertainty about the auction process predominates.
>Q1 results 3% below forecasts (sales and EBITDA) - United Internet has reported today Q1 2019 sales of € 1.29bn, up 1.2% year-on-year, 3% below the consensus estimate (Oddo BHF: € 1.325bn, cons: € 1.322bn). Adjusted EBITDA grew by 7.7% to € 300m, also 3% below the consensus estimate (Oddo BHF: € 288m, cons: € 308m).In the "Access" segment, the consumer division (1&1 Drillisch) reported revenues of € 905m, up 0.7% and 3% below forecasts (Oddo BHF: € 923m, cons: ...United Internet AG is a Germany-based Internet service provider (ISP) and holding company of the United Internet Group. The Company's products and technical services are divided into two key segments. The Access segment comprises narrowband, broadband and mobile access subscriptions, including the corresponding applications. The Applications segment includes such applications as home pages, e-shops, Personal Information Management applications, group work, online storage and office software. The Application segment also includes the operations of the Company's brands Sedo and affilinet, which serve customers performance-based advertising and sales possibilities. The Company's brand portfolio also includes GMX, WEB.DE, 1&1, united-domains, Fasthosts and InterNetX. In addition, the Company develops Internet based applications, such as cloud applications. The Company acts primarily via its wholly owned subsidiary 1&1 Internet AG, and Sedo Holding AG, in which it holds a majority stake.
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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