No real surprise in the Q3 figures of United Internet after the profit warning at the end of September. EBITDA declined by 12% yoy due to the invoiced wholesale price increase of Telefonica Deutschland which was at the heart of UI’s profit warning.
We remain at Buy on the stock which is still at its price at the end of September.
06 Nov 2020
EBITDA impacted as expected by TEF Deutschland's invoiced wholesale price increase
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EBITDA impacted as expected by TEF Deutschland's invoiced wholesale price increase
United Internet AG (UTDI:WBO), 0 | United Internet AG (UTDI:SWX), 0 | United Internet AG (0GE4:LON), 0 | United Internet AG (UDIRF:OTC), 0 | United Internet AG (UTDI:ETR), 0
- Published:
06 Nov 2020 -
Author:
Jean-Michel Salvador -
Pages:
3
No real surprise in the Q3 figures of United Internet after the profit warning at the end of September. EBITDA declined by 12% yoy due to the invoiced wholesale price increase of Telefonica Deutschland which was at the heart of UI’s profit warning.
We remain at Buy on the stock which is still at its price at the end of September.