freenet reports rise in H1 EBITDA

10 Aug 2012

German mobile service provider freenet has reported group revenue of EUR1.486 billion (USD1.83 billion) for the first six months of 2012, down from EUR1.546 billion in the first half of 2011, while group earnings before interest, tax, depreciation and amortisation (EBITDA) rose from EUR162.3 million to EUR170.7 million over the same period. The company’s net profit for H1 2012 climbed 75.3% year-on-year to EUR82.2 million. At 30 June 2012 freenet’s mobile customer base totalled 14.46 million (down from 15.20 million twelve months earlier), of which 6.23 million were pre-paid customers (compared to 7.32 million at mid-2011), 5.69 million were contract users (down from 5.84 million) and the remaining 2.54 million were customers of ‘no-frills’ brands (up from 2.05 million). Sales generated from the mobile communications segment totalled EUR1.456 billion in the first half of 2012, down from EUR1.512 billion in the first six months of 2011, while EBITDA grew from EUR157.4 million to EUR169.3 million over the same timeframe. The firm also confirmed its guidance for 2012 issued at the beginning of the year; it expects group EBITDA of EUR340 million and free cash flow of EUR240 million.

Germany, freenet