FRANKFURT (dpa-AFX) - Following the lowered annual forecast at the end of the previous week and the market turbulence at the start of the week, United Internet shares continued to struggle on Thursday. The Internet company confirmed its adjusted annual targets on Thursday. However, market participants were no longer really interested.
With the price gap that emerged on Monday, the shares fell to their lowest level for almost a year. With a drop of almost five percent, the previous day's recovery is already a waste of time.
Before the profit warning, the shares were still trading at around 20 euros. The United Internet subsidiary 1&1 and Ionos also recorded share price losses on a similar scale to those of the parent company on Thursday./ajx/jha/