03.05.2016 freenet AG  DE000A0Z2ZZ5

DGAP-News: freenet AG showing robust Q1 business performance, with further growth in customer ownership and stable postpaid ARPU


 
DGAP-News: freenet AG / Key word(s): Interim Report/Quarter Results freenet AG showing robust Q1 business performance, with further growth in customer ownership and stable postpaid ARPU 03.05.2016 / 18:24 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- freenet AG showing robust Q1 business performance, with further growth in customer ownership and stable postpaid ARPU - Clear increase in own customer base (customer ownership) to 9.37 million (previous year: 9.04 million) - Positive development of postpaid ARPU to 21.5 euros (previous year: 21.1 euros) - EBITDA increase to 89.1 million euros (previous year: 86.0 million euros) - Free cash flow* increase to 64.9 million euros (previous year: 62.2 million euros) - Confirmation of the guidance for financial year 2016 Büdelsdorf, 03 May 2016 - freenet AG [ISIN DE000A0Z2ZZ5] today published its interim report for Q1 2016, confirming the guidance for financial year 2016. In the first quarter of 2016, the company generated Group revenue of 749.2 million euros (previous year: 748.5 million euros). The further increase of revenues from the postpaid business as well as the sales contributions by Media Broadcast Group, which has been included in the consolidated statements for the first time (18 March 2016 through 31 March 2016), compensated for the reduction in fees for premiums and commissions compared to the same quarter last year (on the earnings side, fully compensated on the expenses side). These are largely due to a lower gross number of new customers. The Gross profit amounted to 192.2 million euros (previous year: 191.4 million euros), equivalent to a current gross profit margin of 25.7 percent (previous year: 25.6 percent). With revenue of 727.4 million euros, the mobile communications segment still dominated within the Group (previous year: 734.6 million euros). Customer ownership - combining the postpaid and no-frills customer groups - constitutes a significant internal control parameter and recorded a significant increase compared to the same quarter last year, by around 331,000 subscribers or by 3.7 percent to 9.37 million (previous year: 9.04 million). This increase was largely due to the number of postpaid customers, which had increased once again. The portfolio of this customer group, summarising all mobile communications agreements with 24-months terms sold by the Group, increased above-average on a year-on-year basis, by around 260,000 subscribers or by 4.3 percent to 6.36 million (previous year: 6.10 million). The no-frills customer segment, which comprises all mobile communications tariffs sold through the Group's discount brands, also recorded an increase, i.e. by 71,000 subscribers or by 2.4 percent to 3.01 million (previous year: 2.94 million). With its strategic focus on valuable customer relationships in terms of customer acquisition and the management of existing customers , freenet AG was again able to continue the positive development of the monthly average revenue per contract customer (postpaid ARPU) in the first quarter of 2016. Compared to the same quarter last year, the postpaid ARPU increased by 0.4 euros to 21.5 euros (previous year: 21.1 euros). With 2.4 euros, monthly average revenue per customer generated in the no-frills customer segment was on the same level as last year. With 2.9 euros, monthly average revenue per prepaid customer (prepaid ARPU) in the first quarter 2016 exceeded the result of the same quarter last year (2.6 euros). "The once again positive development of the number of customer ownership and most of all, of the postpaid business, confirms our strategy in the mobile communications core business. At the same time, by acquiring EXARING AG and the Media Broadcast Group, we have laid the foundation for further developing our digital lifestyle portfolio with TV products", says Christoph Vilanek, CEO of freenet AG. Group earnings before interest, taxes, depreciation and amortisation (EBITDA) increased compared to the same quarter last year by 3.1 million euros to 89.1 million euros (previous year: 86.0 million euros). Group earnings of 51.3 million euros were 4.9 million euros below those of the same quarter last year (previous year: 56.2 million euros). In addition to increased depreciation and amortisation, this is primarily also due to increased other expenses as well as interest income. Earnings per share amount to 0.41 euros (previous year: 0.44 euros). The increase in depreciation and amortisation by 6.2 million euros to 21.7 million euros (previous year: 15.5 million euros) is the result of an expanded portfolio of software, licenses, and rights of use in connection with the purchase price allocation from the investment in EXARING AG and the acquisition of the Media Broadcast Group. Other operating expenses have increased compared to the same quarter last year by 7.4 million euros to 78.9 million euros (previous year: 71.5 million euros). The rise is mainly due to the acquisitions and the increase in the percentage of outsourced services in line with the reduction in personnel expenses. Interest income in the reporting quarter amounted to -11.7 million euros (previous year: -9.5 million euros). Net interest, which has increased by 2.1 million euros compared to the same quarter last year, is primarily due to refinancing the latest company acquisitions. In the first quarter 2016, free cash flow increased by 2.6 million euros to 64.9 million euros (previous year: 62.2 million euros). This is due to the cash flow from current operating activities, which has slightly increased compared to last year (+1.4 million euros). "Based on the very robust business development in the first quarter 2016, we confirm our guidance from early March for financial year 2016. Especially the highly sustainable generation of free cash flow likewise enables us to confirm our dividend commitment of 1.60 euros per no-par share for 2016", says Joachim Preisig, CFO of freenet AG. For financial year 2016, the company continues to aim for a moderate increase in Group revenue, an EBITDA of slightly above 400 million euros and a free cash flow of around 300 million euros. As before, we expect further contributions to EBITDA and free cash flow from our recent investment in Sunrise Communications Group AG. The targets for the development of the performance indicators postpaid ARPU and customer ownership in financial year 2016 remain unchanged. The company continues to expect the postpaid ARPU to stabilise on the 2015 level and a slight increase in the number of customers in customer ownership compared to financial year 2015. The complete interim report for Q1 2016 is available at www.freenet-group.de/investor, where the Conference Call will be streamed on 04 May 2016 from 10:00 am CEST via webcast. * Free cash flow is defined as cash flow from current business operations, reduced by investments in property, plant and equipment and intangible assets, plus deposits from the retirement of intangible assets and property, plant and equipment. Investor Relations contact: freenet Aktiengesellschaft Investor Relations Deelbögenkamp 4c 22297 Hamburg Tel.: 040 / 513 06 778 Fax: 040 / 513 06 970 Email: [email protected] --------------------------------------------------------------------------- 03.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: freenet AG Hollerstraße 126 24782 Büdelsdorf Germany Phone: +49 (0)40 51306-778 Fax: +49 (0)40 51306-970 E-mail: [email protected] Internet: www.freenet-group.de ISIN: DE000A0Z2ZZ5, DE000A1KQXU0 WKN: A0Z2ZZ , A1KQXU Indices: TecDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart; Terminbörse EUREX End of News DGAP News Service --------------------------------------------------------------------------- 460455 03.05.2016


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 3.507,26 2.897,47 2.932,54 2.576,23 2.556,32 2.556,71 2.627,30
EBITDA1,2 541,20 441,18 426,80 425,88 447,33 478,70 500,20
EBITDA-Marge3 15,43 15,23 14,55 16,53 17,50 18,72
EBIT1,4 260,83 311,99 269,95 262,98 250,04 129,40 218,00
EBIT-Marge5 7,44 10,77 9,21 10,21 9,78 5,06 8,30
Jahresüberschuss1 275,57 212,16 184,73 561,01 191,20 81,85 134,50
Netto-Marge6 7,86 7,32 6,30 21,78 7,48 3,20 5,12
Cashflow1,7 385,36 369,48 364,23 357,06 367,21 395,69 0,00
Ergebnis je Aktie8 2,24 1,74 1,49 4,44 1,62 0,67 1,12
Dividende8 1,65 1,65 0,04 1,65 1,57 1,68 1,60
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - 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
Freenet
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0Z2ZZ 26,000 Kaufen 3.091,42
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
15,85 15,99 0,97 13,44
KBV KCV KUV EV/EBITDA
2,64 7,81 1,18 6,86
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
1,68 1,77 6,81 08.05.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
16.05.2024 08.08.2024 08.11.2024 27.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
3,19% 8,84% 2,60% 12,95%
    
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