FRANKFURT (dpa-AFX) - Well-received quarterly figures and partially raised annual targets drove up shares in the internet service provider family United Internet, Ionos, and 1&1 on Monday.
United Internet jumped to €23.38 at times, its highest level in almost a year. Most recently, the MDax stock rose by 9.7 percent to €23.08.
In the SDax, shares in the subsidiary Ionos were among the most sought-after stocks, rising 9.3 percent to 35.90 euros and also reaching a record high of 36.70 euros. Shares in United Internet subsidiary 1&1 rose 0.4 percent to 15.96 euros. At times, the price climbed to 16.60 euros, its highest level since mid-June 2024.
One trader praised the slightly raised sales target of the parent company United Internet and also the fact that all key quarterly figures were slightly better than expected. "This rounded off a solid quarter." However, he described the figures of the Internet and mobile communications provider 1&1 as "only slightly positive." 1&1's sales were slightly weaker, but operating earnings (EBITDA) were slightly better than expected. "However, 1&1 also stated that the start-up costs for the 1&1 mobile network were higher than planned," he added.
Another trader emphasized that 1&1's operating result had exceeded the consensus estimate, albeit by a small margin, and that service revenues had remained largely stable despite weaker-than-expected customer growth.
The two retailers' assessments of Ionos were entirely positive after a surprisingly strong first quarter overall and the setting of higher targets for the year. They particularly highlighted the better-than-expected revenues in the AdTech segment and the fact that adjusted EBITDA was raised from around 510 million to around 520 million euros and that revenues in the AdTech segment were increased from over 312 million to around 400 million euros./ck/mne/jha/
