Report
Stephane Beyazian

United Internet AG : IONOS is catching up with the competition

>IONOS lifts group growth to all-time highs (+7%) - United Internet yesterday posted a significant acceleration in its growth to 6.9% in Q4 2021 (vs 4% in Q3), driven by its webhosting business IONOS (+19%), its email and portal services (+11%) and continued growth in telecoms (1&1 +5%, Versatel +4%). It posted strong EBITDA growth (+9%), albeit shy of expectations due to capex to support growth at IONOS, which we see as a completely justified strategy. 2021 was the l...
Underlying
United Internet AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Stephane Beyazian

ResearchPool Subscriptions

Get the most out of your insights

Get in touch