United Internet Q1 sales up 13%

13 May 2010

United Internet has announced its financial results for the quarter ended 31 March 2010, reporting a 13% year-on-year rise in revenue to EUR462.8 million (USD585 million), up from EUR409.4 million in the same period a year earlier. The company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) reached EUR90.3 million in the first three months of 2010, up 8.1% year-on-year compared to EUR83.5 million at the end of March 2009. Meanwhile, EBIT in 1Q09 remained virtually unchanged at EUR70.7 million (prior year: EUR70.8 million), which the company said was due to scheduled higher depreciation following the acquisition of freenet’s DSL customer base in May 2009. United’s internet access segment generated first-quarter sales of EUR300.8 million, up 19.3% year-on-year, while EBITDA rose 42.2% to EUR31.7 million. The company reported a total of 3.31 million DSL contracts at the end of March 2010 (of which 1.4 million were resale DSL/T-DSL contracts), up from 2.82 million a year earlier helped along by the transfer of freenet’s DSL subscriber base at the end of 2009.

Germany, United Internet (1&1)