United Internet reported Q1 17 results. Revenues increased only by 2.1% to €968.6m (estimate: +6% to €1.05bn). The main reasons for the slower than expected revenue growth were regulatory issues (-1.2%), project delays with Versatel and lower advertising revenues from the portal business. The number of fee-based customers increased 5.7% or 0.8m to 17.16m. EBITDA increased 6.1% to €215m and the EBITDA margin improved from 20.9% to 21.7%. The EBIT margin also increased from 15.9%
15 May 2017
Revenue growth behind expectations
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Revenue growth behind expectations
United Internet AG (UTDI:WBO) | 0 0 0.9% | Mkt Cap: 11,419m
- Published:
15 May 2017 -
Author:
Heinz Steffen -
Pages:
2
United Internet reported Q1 17 results. Revenues increased only by 2.1% to €968.6m (estimate: +6% to €1.05bn). The main reasons for the slower than expected revenue growth were regulatory issues (-1.2%), project delays with Versatel and lower advertising revenues from the portal business. The number of fee-based customers increased 5.7% or 0.8m to 17.16m. EBITDA increased 6.1% to €215m and the EBITDA margin improved from 20.9% to 21.7%. The EBIT margin also increased from 15.9%