United Internet AG : 1&1 slower, IONOS faster
>Impacts of 5G delays on estimates - On Friday evening, United Internet announced that it forecasts for 2022: 1/ EBITDA of € 1,270m (in line with the consensus of € 1,272m), i.e. an increase of € 10m thanks to lower 5G rollout costs for 1&1 (€ 60m in 2022), and; ii/ investment of just € 700m vs the initial target of € 800-1,000m, i.e. close to € 200m pushed back to 2023 (pre-deferral consensus of € 905m). This deferral reflects slower rollout of 5G sites by Vantage To...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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