Germany · Delayed Price · Currency is EUR 1&1 AG Earnings Call Transcripts
Fiscal Year 2025
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Revenue grew 1.8% to EUR 4.136 billion in 2025, with EBITDA at EUR 557.5 million and net profit at EUR 165.7 million. The Versatel acquisition drove asset and liability growth, while guidance targets stable service revenue and rising EBITDA through 2028.
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Contract base stable at 16.34 million, with all mobile customers migrated to 5G O-RAN. Revenue held steady at EUR 3.016 billion, but EBITDA and net income declined due to higher costs and network investments. CapEx guidance cut by EUR 50 million, with postponed projects to 2026.
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H1 2025 saw stable contract numbers but lower revenue and net income due to migration and higher roaming costs. Network expansion continues, with major cost savings expected in 2026 as migration completes and own network usage increases.
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Q1 2025 saw a slight revenue and contract decline due to customer migration to the new mobile network, with churn expected to remain elevated through Q3. EBITDA and free cash flow fell year-over-year, but guidance for stable service revenue and increased CapEx is confirmed.
Fiscal Year 2024
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2024 saw stable high-margin service revenue but lower hardware sales and increased network build-out costs, leading to lower net income and EBITDA. 2025 guidance anticipates stable service revenue, lower EBITDA, and higher CapEx as customer migration and network expansion continue.
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Contract base grew to 16.35 million, with stable mobile and declining broadband in Q3. Revenue dipped 0.5% year-over-year, but service revenue rose 2.5%. 2024 guidance maintained, with EBITDA growth driven by high-value customers and expected compensation for network outage included in outlook.