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Investing.com -- United Internet (ETR:UTDI) reported higher sales and customer growth in the first quarter of 2025, though earnings were held back by rising costs tied to the rollout of its 1&1 mobile network.
Revenue rose 4.2% to €1.63 billion, excluding the soon-to-be-sold “energy” business, compared with €1.57 billion a year earlier, the company said on Monday. Fee-based customer contracts grew by 150,000 to 29.17 million.
The Business Applications segment added 110,000 contracts, and Consumer Applications gained 80,000. The Consumer Access segment declined by 40,000 contracts.
Adjusted earnings before interest, taxes, depreciation and amortization edged up 0.1% to €342.6 million.
Start-up costs for the 1&1 mobile network increased to €67 million from €42.4 million a year earlier.
Adjusted earnings before interest and taxes fell to €162.9 million from €187 million, as depreciation rose to €179.6 million from €155 million.
The company cited investments in the expansion of the 1&1 Versatel fiber-optic and mobile networks.
Operating earnings per share dropped to €0.31 from €0.35. Cash capital expenditures totaled €122 million, down from €139.7 million.
The company raised its 2025 sales outlook to about €6.45 billion, from a previous forecast of €6.4 billion. It maintained its guidance for EBITDA at around €1.35 billion and cash capex at about €800 million.