United Internet reports 1Q profits

10 May 2007

United Internet, Germany’s second-largest internet access provider by subscribers, has reported net income for 1Q2007 of EUR98.6 million (USD134 million), up from EUR24.1 million for the same period a year earlier. In March, United Internet completed the sale of its ‘twenty4help’ unit to France’s Teleperformance, generating a one-off gain of EUR65.8 million. Sales increased 29% year-on-year to EUR336.9 million. Earnings before interest, tax depreciation and amortisation (EBITDA) rose to EUR63.4 million from EUR50.8 million in 1Q2006. 90,000 new DSL customers were added in the first quarter, taking the total number to 2.36 million. CEO Ralph Dommermuth said the firm is aiming to add 500,000 new DSL subscribers over the course of 2007.

Germany, United Internet (1&1)