1&1 AG Reports Successful Fiscal Year 2023 with Continued Growth and Future Optimism

1&1 AG has announced a successful fiscal year for 2023, marked by notable customer and revenue growth, albeit with a downturn in EBITDA linked to anticipated start-up costs. The telecommunications company reported an increase of 480,000 customer contracts, reaching 16.26 million. This growth was driven by 570,000 new mobile Internet contracts, with the total mobile base standing at 12.25 million by the year-end. Despite a reduction in broadband lines, the company noted this was within expectations.

The fiscal year saw a 3.4% rise in revenue to €4,096.7 million, with service revenue climbing by 2.1% to €3,243.2 million. EBITDA fell by 5.7% to €653.8 million, attributed to the planned costs for the roll-out of the 1&1 mobile network. A further detail included a 14.8% decrease in EBIT to €455.8 million, which reflected significant investments in the new network infrastructure.

Looking ahead to 2024, 1&1 AG forecasts a 4% increase in service revenue and a 10% rise in EBITDA. The company also anticipates continued investment in the 1&1 Mobile Network but expects a moderate increase in start-up costs. Against the backdrop of these financials, the board will propose maintaining the dividend at €0.05 per share during the next Annual Shareholders' Meeting.