1&1 AG
- ISIN DE0005545503
- Country Deutschland
Company profile
About 1&1 AG
1&1 AG is a listed telecommunications provider domiciled in Montabaur. The Company is a member of the United Internet AG group.
1&1 is the first network operator in Europe to operate a fully virtualised mobile network based on innovative Open RAN technology. In addition to a comprehensive portfolio of mobile communications products, the Company offers broadband lines, most of which are based on 1&1 Versatel’s Germany-wide fibre optic transport network and added-value applications such as home networking/smart home, online storage, video-on-demand and IPTV.
While the 1&1 brand addresses value and premium segments, the Group’s discount brands appeal to price-conscious target groups.
Forecast
For the financial year 2024, the company confirms its forecast and expects further growth in service revenue of ca. 4 percent to ca. €3.37 billion (2023: €3.243 billion). EBITDA is expected to increase by 10 percent to ca. €720 million (2023: €653.8 million). The “Access” segment will contribute a growth of 12 percent to ca. €880 million (2022: €786.2 million) whilst the start-up costs for the construction of the 5G network in the “1&1 Mobile Network” segment are expected to increase only moderately to ca. – €160 million (2022: – €132.4 million). A capital expenditure volume (cash capex) will increase by approx. 28% to around €380 million is expected for 2024 (2023: €295.6 million).
1&1 AG is a listed telecommunications provider domiciled in Montabaur. The Company is a member of the United Internet AG group.
1&1 is the first network operator in Europe to operate a fully virtualised mobile network based on innovative Open RAN technology. In addition to a comprehensive portfolio of mobile communications products, the Company offers broadband lines, most of which are based on 1&1 Versatel’s Germany-wide fibre optic transport network and added-value applications such as home networking/smart home, online storage, video-on-demand and IPTV.
While the 1&1 brand addresses value and premium segments, the Group’s discount brands appeal to price-conscious target groups.
Forecast
For the financial year 2024, the company confirms its forecast and expects further growth in service revenue of ca. 4 percent to ca. €3.37 billion (2023: €3.243 billion). EBITDA is expected to increase by 10 percent to ca. €720 million (2023: €653.8 million). The “Access” segment will contribute a growth of 12 percent to ca. €880 million (2022: €786.2 million) whilst the start-up costs for the construction of the 5G network in the “1&1 Mobile Network” segment are expected to increase only moderately to ca. – €160 million (2022: – €132.4 million). A capital expenditure volume (cash capex) will increase by approx. 28% to around €380 million is expected for 2024 (2023: €295.6 million).