United Internet Q1 revenue up 5.3%

20 Apr 2009

German ISP United Internet (1&1) has announced its results for the first quarter of 2009, posting a 5.3% increase in revenues to EUR423.4 million (USD552.5 million), compared to EUR402 million in the same period a year earlier. Meanwhile, Q1 earnings before interest, tax, depreciation and amortisation (EBITDA) were up 0.4% year-on-year at EUR83.5 million. The company recorded a rise in the number of paying customer contracts during the first quarter of 2009 to 8.24 million, up from 7.38 million as at 31 March 2008 due in part to the initial consolidation of united-domains in March 2009. However, United Internet’s DSL customer base was unchanged from the end of Q4 2008, totalling 2.82 million at 31 March 2009, compared to 2.78 million in Q1 2008. CEO of United Internet, Ralph Dommermuth, commented: ‘Against the backdrop of our successful start to fiscal year 2009, we confirm our current forecasts. We expect a slight increase in sales for the Group as a whole. We also aim to maintain the record EBITDA and EBIT figures we achieved in fiscal year 2008 despite the expected ongoing weakness of the online advertising sector in 2009.’ The company will publish full first quarter results on 13 May.

Germany, United Internet (1&1)