freenet post-paid customers grow 3.8% to 6.1m

7 May 2015

freenet has announced its financial results for the first quarter of 2015, reporting consolidated group revenue of EUR748.5 million (USD842.5 million), an increase of 4.3% from EUR717.5 million in the year-ago period. The firm attributed the growth to a rise in post-paid customers and stable contract monthly ARPU of EUR21.1, as well as increased demand for products and services in the mobile digital lifestyle segment. Group EBITDA totalled EUR86.0 million for the three months ended 31 March 2015, compared to EUR85.4 million in 1Q14, while group net income decreased slightly from EUR57.4 million to EUR56.2 million over the same period.

freenet’s mobile customer base totalled 12.54 million at 31 March 2015 (down from 13.13 million twelve months earlier), of which 3.50 million were pre-paid customers, compared to 4.34 million in 1Q14, mainly due to the ongoing disconnection of inactive SIM cards by network operators. Around 6.10 million were contract users (up 3.8% from 5.87 million) and the remaining 2.94 million were ‘no-frills’ customers (primarily comprised of mobile contracts completed online in the discount market), up by around 20,000 from twelve months earlier.

Germany, freenet