08.11.2016 United Internet AG  DE0005089031

DGAP-Adhoc: United Internet AG: Warburg Pincus acquires stake in United Internet's 'Business Applications' division as part of strategic partnership


 
United Internet AG / Key word(s): Strategic Company Decision 08.11.2016 16:21 Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Montabaur, November 8, 2016. United Internet AG and WP XII Venture Holdings S.a.r.l., an affiliate of private equity funds managed by Warburg Pincus LLC (collectively "Warburg Pincus"), today signed an agreement regarding a 33.33% stake of Warburg Pincus in the United Internet division Business Applications. The transaction values the business currently pooled by United Internet within the company 1&1 Internet SE at EUR 2.55 billion. This corresponds to approx. 12.5 times the division's planned EBITDA result for fiscal 2016. The "Business Applications" division pooled under 1&1 Internet SE (part of the overall "Applications" segment of United Internet) comprises the hosting business with domains, home pages, webhosting, servers and e-shops, professional e-mail solutions, online storage and marketing tools. 1&1 Business Applications products are targeted at freelancers and SMEs in numerous European countries (Germany, France, UK, Italy, Austria, Poland, Spain) as well as North America (Canada, Mexico, USA). The "Business Applications" division also comprises the foreign companies belonging to 1&1 Internet SE as well as all subsidiaries (e.g. Fasthosts, Arsys, home.pl, InterNetX, united-domains and Sedo) and the respective service companies. The investment of Warburg Pincus will be made via a holding company still to be founded. A purchase price of up to EUR 450 million has been agreed for the 33.33% stake of Warburg Pincus. This is based on the division's equity value of EUR 1.35 billion. This corresponds to the division's enterprise value after deducting internal loan receivables of United Internet AG totaling EUR 1.20 billion which arose from United Internet's transfer of the business to the new structure and are subject to standard market interest rates. A partial amount of approx. EUR 334 million is expected in the first half of 2017. A further amount of up to EUR 116 million will be paid at later stages subject to certain performance milestones and foreign exchange rate movements. After closing the transaction, United Internet AG will remain the majority shareholder with a 66.67% stake in the newly founded holding company and will continue to fully consolidate its Business Applications division in its annual and quarterly financial statements. As part of its strategic partnership, Warburg Pincus will support the current management team of the "Business Applications" division. To this end, Mr. René Obermann, Managing Director of Warburg Pincus International LLC, will join the Supervisory Board of the Business Applications division. The common goal of the partnership is to extend the division's market leadership in Europe with top-quality and innovative webhosting products and cloud applications, as well as first-class customer service Warburg Pincus will contribute its global market expertise and its access to industry experts with regard to the organic growth, the development of new and innovative products and services, as well as potential future acquisitions and mergers. The transaction offers 1&1 Internet SE flexibility with regard to future strategic options, including a potential IPO in the coming years. The transaction is subject to approval by the relevant antitrust authorities. Contact: United Internet AG Investor Relations Stephan Gramkow / Dominic Großmann Elgendorfer Straße 57 56410 Montabaur Tel: 02602/96-1043/-1671 Fax: 02602/96-1013 E-Mail: [email protected] Internet: www.united-internet.de 08.11.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: United Internet AG Elgendorfer Straße 57 56410 Montabaur Germany Phone: +49 (0)2602 / 96 - 1100 Fax: +49 (0)2602 / 96 - 1013 E-mail: [email protected] Internet: www.united-internet.de ISIN: DE0005089031 WKN: 508903 Indices: TecDAX Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 4.206,30 5.130,80 5.194,09 5.367,25 5.646,18 5.915,06 6.213,22
EBITDA1,2 1.253,31 1.201,32 1.265,70 1.048,90 1.303,74 1.262,53 1.178,02
EBITDA-Marge3 29,80 23,41 24,37 19,54 23,09 21,34
EBIT1,4 958,95 811,01 811,09 574,86 829,86 781,41 753,96
EBIT-Marge5 22,80 15,81 15,62 10,71 14,70 13,21 12,14
Jahresüberschuss1 648,49 312,09 538,96 368,76 523,15 464,74 362,24
Netto-Marge6 15,42 6,08 10,38 6,87 9,27 7,86 5,83
Cashflow1,7 656,39 889,53 935,03 954,10 987,79 991,82 1.018,03
Ergebnis je Aktie8 3,25 0,94 2,13 1,54 2,22 1,96 1,33
Dividende8 0,85 0,05 0,50 0,50 0,50 0,50 0,80
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
United Internet
WKN Kurs in € Einschätzung Börsenwert in Mio. €
508903 20,860 Kaufen 4.005,12
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
12,13 22,07 0,56 11,83
KBV KCV KUV EV/EBITDA
0,83 3,93 0,64 5,47
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,50 0,50 2,40 17.05.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
08.05.2024 08.08.2024 12.11.2024 21.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-8,70% 7,10% -9,46% 27,86%
    
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