Q3 2024 IONOS Group SE Earnings Call Transcript
Key Points
- IONOS Group SE (WBO:IOS) achieved a revenue increase of 7.8% for the first nine months of 2024, driven by effective cross and upselling, price adjustments, and new customer acquisitions.
- The company's adjusted EBITDA margin stands at 29.3%, showcasing high profitability levels.
- IONOS Group SE's customer base grew by 170,000 compared to the same period in 2023, reaching 6.3 million customers.
- The web presence and productivity business, excluding aftermarket, achieved impressive growth of 12.3% year over year in Q3 2024.
- The cloud solutions business experienced a revenue growth of 11% year over year for the first nine months, with expectations for further growth in Q4.
- The aftermarket business operates at a lower margin compared to other segments, with a trailing 12-month average EBITDA margin of around 14%.
- The cloud solutions business experienced a deceleration in Q3 2024, influenced by slower demand and adjustments in the product portfolio.
- The company's churn rate increased slightly to 14%, driven by price adjustments.
- The aftermarket business experienced lower revenue levels, impacting EBITDA by approximately EUR10 million compared to the previous year.
- There is uncertainty regarding the impact of the German federal budget on future federal contracts in the cloud business.
Hello and good morning everyone. Welcome to the IONOS analyst and investor call for our Q3 2024 results. Thank you all for joining us today. Britta Schmidt CFO of Ayano will guide you through the operational developments of the business over the first nine months of 2024 and share the financial details for the third quarter.
We will also look at our guidance and expectations for each business area going forward. Afterward Britta will be available to answer any questions. Let's get started, Britta over to you.
Thank you very much Stefan. Good morning, ladies and gentlemen, and welcome to our Q3 2024 webcast. I'm Britta Schmidt CFO of IONOS and it's a pleasure to have you with us today as we dive into the performance of the first nine months and operational trends.
As a reminder, IONOS stands as the leading digitalization partner for European SME's and a trusted cloud enabler. First. As you can see on the slide at the foundation of our business is our web
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
