United Internet experienced both customer growth and revenue increase in the first half of 2024 but had to accept lower operational earnings. The company reported that the number of customer contracts increased by 330,000 to a total of 28.78 million. Revenue rose by 2.8 percent to 3.1 billion euros.

Despite these positive developments, the annual forecast has been lowered. United Internet now expects revenue of around 6.4 billion euros for the full year 2024, compared to the previously forecast 6.5 billion euros. Earnings before interest, taxes, depreciation, and amortization (EBITDA) is now expected to be approximately 1.38 billion euros, instead of the previously anticipated 1.42 billion euros. In 2023, revenue was 6.213 billion euros, and EBITDA was 1.3 billion euros.

Reason for Adjustment of the Forecast: Primarily Due to Residual Effects of a Temporary Outage of the 1&1 Mobile Network at the End of May, and Additional Non-Recurring Expenses for Retroactive Calculations in Network Expansion for 2022 and 2023. These Extraordinary Expenses Significantly Impacted the Results in the First Half of the Year.

EBITDA in the First Half of the Year Amounted to 662.3 Million Euros, a Slight Decrease Compared to 668.7 Million Euros in the Same Period Last Year. The Figures Include Increased Expenses for the Expansion of the 1&1 Mobile Network Amounting to 111 Million Euros (Previous Year: 40.8 Million Euros). The Operating Result (EBIT) Was Also Impacted by Higher Depreciation Costs, Declining to 347.4 Million Euros Compared to 407.1 Million Euros in the Previous Year.

The adjustment of the annual forecast and the reported operational losses have dampened market observers' expectations. Nevertheless, the company remains confident in overcoming the challenges and continuing its growth.