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Investing.com -- Ionos Group SE (F:IOSn) on Monday reported a 19.7% increase in revenue and a 23.8% rise in adjusted EBITDA in the first quarter, driven by growth across its core cloud business and recovering AdTech operations.
Revenue reached €446.3 million, up from €373 million a year earlier, while adjusted EBITDA rose to €131 million, compared to €105.8 million in Q1 2024.
Earnings before interest and taxes climbed 31% to €97.2 million, and adjusted earnings per share increased 43.2% to €0.44.
The Digital Solutions & Cloud segment saw a 7.3% rise in revenue to €329.6 million, with adjusted EBITDA up by 20.9% to €112.8 million.
The AdTech segment surged 77.7% in revenue to €116.7 million, while EBITDA increased by 45.1% to €18.2 million, driven by improved margins and a favorable product transition.
Free cash flow fell 10.6% to €59.1 million, mainly due to higher payments related to employee participation programs. Operating cash flow dropped 9.6% to €77.2 million.
Ionos’ equity rose sharply to €168.5 million, up from €36.5 million a year earlier. The equity ratio improved to 10.0%, compared to 2.2% at the end of Q1 2024.
The company’s customer base expanded by 80,000 to 6.40 million, with growth across both domestic and international markets.
For the full year, Ionos expects approximately €400 million in currency-adjusted revenue from the AdTech segment, up from a previous forecast of €312.2 million.
Core Digital Solutions & Cloud revenue is forecast to grow by about 8%, with an adjusted EBITDA margin of 35%.
Full-year adjusted EBITDA is expected to increase by 15% to around €520 million, up from a prior estimate of €510 million.