United Internet AG : Q2 2024: negative revisions due to 1&1
>2024 cashflow guidance lowered by 17-29% due to 1&1 - United Internet has reported Q2-2024 earnings ahead of schedule:United Internet has cut its 2024 revenue guidance by 1.5%, EBITDA guidance by 3%, and cashflow guidance by 17-29% when including higher capex targets. For 2024, the company is now expecting revenue growth of 3%, EBITDA growth of 6% (driven by IONOS) but cashflows down by 6-13% with the impact of higher Capex (up 15-25%) due to the build-up o...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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