Q1 2026 United Internet AG Earnings Call Transcript
Key Points
- United Internet AG (WBO:UTDI) reported an increase in customer contracts by 380,000, reaching over 30 million in Q1 2026.
- Revenue improved by 2.5% to more than EUR1.55 billion, with Group EBITDA growing by 2.4% to EUR331.9 million.
- EPS increased by 44% to EUR 0.36 per share, driven by improved EBIT and lower taxes.
- IONOS segment saw a revenue increase of 5.7% to almost EUR350 million, with a strong operating EBITDA margin above 32%.
- Mail & Media segment achieved a revenue growth of 7.6% to EUR79.3 million, with operating EBITDA increasing by 70.3%.
- The mobile market remains intensely competitive, impacting the growth of 1&1's mobile contracts.
- Service revenues for 1&1 slightly decreased year-over-year, aligning with the business plan.
- EBITDA for 1&1 was impacted by increased wholesale costs due to slower-than-planned growth of Vodafone's network usage.
- The switch of the national roaming provider from Telefonica to Vodafone resulted in higher costs for certain network components.
- Net bank liabilities increased by 4.3% to around EUR3.3 billion, although the equity ratio rose slightly.
Hello, and good morning, everyone. I would like to welcome you to our Q1 2026 analyst and investor call. Thank you for joining us today. My name is Dominic Grossman. I'm responsible for Investor Relations at United Internet. And here with me today, I have our CFO, Carsten Theurer.
Briefly about today's call. Carsten will first take you through our presentation with the business development in the first quarter and will also give an outlook for the remainder of the year. Afterwards, we will be happy to answer your questions.
So far to our agenda, I would now like to hand over to Carsten. Carsten, please go ahead. The floor is yours.
Thank you, Dominic, and also a warm welcome from my side to our webcast on our three months figures 2026. Before diving into our figures, I would like to present the new reporting structure that we have adopted since the beginning of the new fiscal year 2026
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