Financials United Internet AG

Equities

Market Closed - Xetra Other stock markets 11:35:08 2025-07-17 am EDT			After hours 12:04:25 pm
24.76 ^EUR	-0.48%		24.73	-0.12%

Jul. 14	United Internet AG, Q1 2025 Earnings Call, May 12, 2025
Jul. 14	UNITED INTERNET AG : Gets a Buy rating from Goldman Sachs	ZD

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	5,367	5,646	5,915	6,213	6,329	6,523	6,752	6,954
Change	-	5.2%	4.76%	5.04%	1.87%	3.06%	3.51%	3%
EBITDA ¹	1,179	1,259	1,262	1,292	1,294	1,383	1,519	1,613
Change	-	6.84%	0.25%	2.34%	0.15%	6.9%	9.8%	6.21%
EBIT ¹	704.8	829.9	781.4	762	638.7	714.2	824	907
Change	-	17.74%	-5.84%	-2.48%	-16.18%	11.82%	15.37%	10.08%
Interest Paid ¹	-52.79	-32.84	-38.44	-143.1	-136.8	-124.8	-123.1	-121
Earnings before Tax (EBT) ¹	556.2	773.3	711.5	597.6	302.6	583.9	708.1	676.7
Change	-	39.04%	-8%	-16.01%	-49.37%	92.98%	21.27%	-4.43%
Net income ¹	290.5	416.5	367.2	232.7	-47.58	286.7	359.1	420.9
Change	-	43.34%	-11.83%	-36.63%	-120.45%	702.53%	25.24%	17.22%
Announcement Date	3/25/21	3/18/22	3/30/23	3/25/24	3/27/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	1,328	1,327	-	1,392	1,328	1,392	1,478	1,444	1,457	1,483	1,531	1,538	1,483	1,561	1,624	1,572	1,542	3,108	1,649	1,637	1,594	1,605	1,688
Change	-	-0.12%	-	-	-4.57%	4.8%	6.18%	-2.34%	0.95%	1.77%	3.21%	0.49%	-3.58%	5.23%	4.07%	-3.25%	-1.9%	101.57%	-46.95%	-0.72%	-2.63%	0.73%	5.18%
EBITDA	319.7	275.9	-	346.5	-	321.3	307.3	330	325.1	328.2	279.2	319	351.1	325.8	296.2	342.1	-	316.1	315.6	342.6	-	-	-
Change	-	-13.7%	-	-	-	-	-4.36%	7.39%	-1.48%	0.95%	-14.93%	14.26%	10.06%	-7.21%	-9.09%	15.5%	-	-	-0.16%	8.56%	-	-	-
EBIT	201.2	156.2	-	230.6	-	202	185.9	210.2	209.4	214.7	147.2	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-22.36%	-	-	-	-	-7.96%	13.04%	-0.37%	2.52%	-31.42%	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-18.66	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	217.8	126.2	-	-	-	-	152.8	193.2	190.4	197.7	130.2	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-42.06%	-	-	-	-	-	26.41%	-1.44%	3.83%	-34.13%	-	-	-	-	-	-	-	-	-	-	-	-
Net income ¹	125.9	49.66	41.96	-	125.9	101.9	79.58	102.1	93.4	111.1	60.44	73.54	111.1	66.91	26.76	58.11	-126.2	39.52	-19.03	-	51.39	47.44	63.36
Change	-	-60.56%	-15.51%	-	-	-19.06%	-21.9%	28.35%	-8.56%	18.97%	-45.6%	21.66%	51.08%	-39.77%	-60.01%	117.16%	-317.17%	131.32%	-148.16%	-	-	-7.68%	33.55%
Announcement Date	8/13/20	11/10/20	3/25/21	5/11/21	8/5/21	11/9/21	3/18/22	5/12/22	8/4/22	11/10/22	3/30/23	5/10/23	8/3/23	11/10/23	3/25/24	5/8/24	8/8/24	11/12/24	3/27/25	5/9/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	1,253	1,713	2,115	2,437	2,699	3,611	3,562	3,393
Change	-	36.71%	23.47%	15.22%	10.75%	33.8%	-1.36%	-4.74%
Announcement Date	3/25/21	3/18/22	3/30/23	3/25/24	3/27/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	447	289.8	681.4	797.9	774.6	849	745.4	649.7
Change	-	-35.18%	135.15%	17.1%	-2.92%	9.6%	-12.21%	-12.84%
Free Cash Flow (FCF) ¹	478.7	597.9	-83.86	-85	47.4	364	445.6	550.5
Change	-	24.89%	-114.03%	-1.36%	155.76%	667.83%	22.43%	23.56%
Announcement Date	3/25/21	3/18/22	3/30/23	3/25/24	3/27/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	21.96%	22.31%	21.34%	20.8%	20.44%	21.21%	22.5%	23.2%
EBIT Margin (%)	13.13%	14.7%	13.21%	12.26%	10.09%	10.95%	12.2%	13.04%
EBT Margin (%)	10.36%	13.7%	12.03%	9.62%	4.78%	8.95%	10.49%	9.73%
Net margin (%)	5.41%	7.38%	6.21%	3.75%	-0.75%	4.4%	5.32%	6.05%
FCF margin (%)	8.92%	10.59%	-1.42%	-1.37%	0.75%	5.58%	6.6%	7.92%
FCF / Net Income (%)	164.76%	143.56%	-22.84%	-36.53%	-99.62%	126.94%	124.09%	130.8%
Profitability
ROA	3.17%	4.41%	3.67%	2.25%	1.51%	2.65%	2.66%	-
ROE	7.48%	8.73%	7.97%	5.04%	3.63%	5.71%	7.08%	7.98%
Financial Health
Leverage (Debt/EBITDA)	1.06x	1.36x	1.68x	1.89x	2.09x	2.61x	2.35x	2.1x
Debt / Free cash flow	2.62x	2.86x	-25.22x	-28.67x	56.94x	9.92x	7.99x	6.16x
Capital Intensity
CAPEX / Current Assets (%)	8.33%	5.13%	11.52%	12.84%	12.24%	13.02%	11.04%	9.34%
CAPEX / EBITDA (%)	37.92%	23.01%	53.97%	61.75%	59.86%	61.37%	49.07%	40.27%
CAPEX / FCF (%)	93.38%	48.46%	-812.5%	-938.7%	1,634.18%	233.27%	167.29%	118.01%
Items per share
Cash flow per share ¹	4.914	4.731	3.192	4.724	5.507	5.398	4.574	2.7
Change	-	-3.72%	-32.53%	47.97%	16.59%	-1.98%	-15.27%	-40.97%
Dividend per Share ¹	0.5	0.5	0.5	0.5	0.4	0.5584	0.6518	0.8227
Change	-	0%	0%	0%	-20%	39.61%	16.71%	26.22%
Book Value Per Share ¹	24.12	23.93	25.44	28.34	27.6	27.89	28.7	27.08
Change	-	-0.81%	6.33%	11.41%	-2.63%	1.04%	2.93%	-5.64%
EPS ¹	1.54	2.22	1.96	1.35	-0.28	1.463	1.879	2.213
Change	-	44.16%	-11.71%	-31.12%	-120.74%	622.52%	28.44%	17.75%
Nbr of stocks (in thousands)	187,231	186,716	186,716	172,816	172,837	172,816	172,816	172,816
Announcement Date	3/25/21	3/18/22	3/30/23	3/25/24	3/27/25	-	-	-