29.03.2023 1&1 AG  DE0005545503

EQS-Adhoc: 1&1 with successful fiscal year 2022


 

EQS-Ad-hoc: 1&1 AG / Key word(s): Annual Results/Forecast
1&1 with successful fiscal year 2022

29-March-2023 / 20:39 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


 

1&1 with successful fiscal year 2022

 

  • Customer contracts: + 350,000 to 15.78 million
  • Revenue: + 1.4 percent to €3,964 million, thereof €3,175 million service revenues (+ 1.7 percent)
  • EBITDA: €693.3 million (+ 3.2 percent) - excluding out-of-period income in 2021

 

Montabaur, March 29, 2023 – In the business year 2022, 1&1 AG (ISIN DE 0005545503) was able to increase the number of its customer contracts compared to the previous year’s reporting date by 350,000 to 15.78 million. Growth was based on 490,000 new mobile internet contracts (+650,000 operational growth less -160,000 contracts due to TKG effect), whilst the number of broadband lines decreased by - 140,000 to 4.10 million (-50,000 operational and -90,000 contracts due to TKG effect).

Revenue rose by 1.4 percent to €3,963.7 million (2021: €3,909.7 million). In this context, high-value service revenue increased by 1.7 percent to €3,175.4 million (2021: €3,123.4 million).

Earnings before interest, taxes, depreciation and amortisation (EBITDA) decreased by 2.5 percent or €18.0 million to €693.3 million compared to the previous year (2021: €711.3 million). This includes €39.4 million in out-of-period income in 2021 related to conditions of the new national roaming agreement applicable as of 1 July 2020, which were corrected retroactively. Excluding this out-of-period income, comparable operating EBITDA was at €671.9 million, resulting in 2022 in a comparable EBITDA increase of 3.2 percent or €21.4 million compared to the same period last year.

The above EBITDA includes increased start-up costs for preparations for the 5G network roll-out of €14.5 million (2022: -€52.4 million; 2021: -€37.9 million).

Earnings per share (EPS) amounted to €2.08 (2021: €1.94, excluding out-of-period income). Excluding the effects of PPA amortization, earnings per share amounted to €2.34 (2021: €2.29 excluding income relating to other periods).

The annual financial statements of the 1&1 AG under commercial law close financial year 2022 with a net loss of €983.1 million (2021: net profit of €364.8 million). The result includes a non-cash impairment loss on the carrying amount under commercial law of the subsidiary 1&1 Telecommunication SE in the amount of €1,338.0 million. The unscheduled adjustment results from the significant increase in interest rates at the end of the year under the actuarial valuation model and is not operationally justified. The adjustment has no impact on the key figures in the Group.

 

Forecast

For the financial year 2023, the Company expects a growth of ca. 500,000 new customer contracts. Service revenue is expected to increase by around 2 percent to ca. €3.23 billion (2022: €3.175 billion) and the EBITDA is expected at ca. €655 million (2022: €693.3 million). The "Access" segment will contribute a growth of ca. 4 percent to ca. €775million (2022: €745.7 million) and the "1&1 mobile network" segment with start-up costs for the construction of the 5G network ca. - €120 million (2022: - €52.4 million). A capital expenditure volume (cash capex) of around €320 million is expected for 2023 (2022: €250 million), primarily for the new mobile communications network (antennas, computers, software, etc.).

Based on the figures for 2022, the Management Board and Supervisory Board will propose an unchanged dividend of €0.05 per share for the fiscal year 2022 (prior year: €0.05) at the Annual Shareholders' Meeting on May 16, 2023. This proposal is oriented to the minimum dividend required by Section 254 (1) Stock Corporation (Aktiengesetz; AktG). Assuming 176.3 million shares entitled to dividend (as per 31/12/2022), this would result in a total disbursement of €8.8 million for fiscal 2022.

 

Performance indicators pursuant to IFRS — comparison 2022 vs. 2021

in €m 2021 2022 Change
Revenue
thereof service revenue
3,909.7
3,123.4
3,963.7
3,175.4
+1.4 %
+1.7 %
EBITDA
EBITDA, operating
thereof segment Access
thereof segment 1&1 mobile network
711.3
671.9
709.7
      -37.9
693.3
693.3
745.7
      -52.4
-2.5 %
+3.2 %
+5.1 %
 
EBIT
EBIT, operating
thereof segment Access
thereof segment 1&1 mobile network
546.7
507.3
545.2
-37.9
534.9
534.9
588.2
-53.3
-2.2 %
+5.4 %
+7.9 %
 
       
Profit per share in €
Profit per share in €, operating
2.10
1.94
2.08
2.08
-1.0 %
+7.2 %
       
Customer contracts in million 15.43 15.78 +2.3 %

 

The annual report will be made available on the Company’s home page on March 30, 2023.

https://www.1und1.ag/investor-relations-en#meldungen-berichte-praesentationen

 

Montabaur, 29 March 2023

 

1&1 AG

The Management Board

 

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 corporate group. 1&1 offers its customers a comprehensive portfolio of mobile and broadband access. Moreover, other portfolio components are attractively bundled mobile and fixed network products and value-added applications such as home networking, online storage, video on demand, smart home solutions or IPTV. While the 1&1 brand is addressing value and premium segments, the Group’s discount brands appeal to price-conscious target customers.

 

Following the successful participation in the 5G frequency auction, 1&1 as the fourth German network operator will establish the first European-wide fully virtualized mobile network on the basis of the innovative OpenRAN technology.

 

Note:

Financial performance indicators such as EBITDA, EBITDA margin, EBIT, EBIT margin or free cash flow are used in addition to the disclosures required by the International Financial Reporting Standards (IFRS) in the annual and interim financial statements of 1&1 AG and in ad hoc reports pursuant to Art. 17 MAR to ensure a clear and transparent presentation of 1&1 AG business development. Information about the use, definition and calculation of these performance indicators is provided on page 45, 46 of the Annual Report 2021 of 1&1 AG.

 




Contact:
Oliver Keil
Head of Investor Relations
Mail: [email protected]

29-March-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: 1&1 AG
Elgendorfer Straße 57
56410 Montabaur
Germany
Phone: +49 (0) 6181 - 412 218
Fax: +49 (0) 6181 - 412 183
E-mail: [email protected]
Internet: www.1und1.AG
ISIN: DE0005545503
WKN: 554550
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1596259

 
End of Announcement EQS News Service

1596259  29-March-2023 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 2.812,31 3.662,46 3.674,85 3.786,79 3.909,66 3.963,69 0,00
EBITDA1,2 504,00 721,90 683,50 468,48 711,26 693,30 655,00
EBITDA-Marge3 17,92 19,71 18,60 12,37 18,19 17,49
EBIT1,4 439,90 567,23 528,49 313,08 546,71 534,89 0,00
EBIT-Marge5 15,64 15,49 14,38 8,27 13,98 13,50 0,00
Jahresüberschuss1 481,30 406,03 373,62 219,59 370,02 367,33 0,00
Netto-Marge6 17,11 11,09 10,17 5,80 9,46 9,27 0,00
Cashflow1,7 370,14 547,96 510,54 511,26 523,83 531,02 0,00
Ergebnis je Aktie8 2,28 2,30 2,12 1,24 2,10 2,08 1,76
Dividende8 1,60 0,05 0,05 0,05 0,05 0,05 1,80
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
1&1
WKN Kurs in € Einschätzung Börsenwert in Mio. €
554550 17,080 Halten 3.019,14
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
10,48 17,95 0,58 10,62
KBV KCV KUV EV/EBITDA
0,52 5,69 0,76 3,65
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,05 0,05 0,29 16.05.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
08.05.2024 08.08.2024 10.11.2023 21.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-3,99% 17,67% -5,84% 45,61%
    
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