I=9, SI=3.5%
- 1&1 is guiding 2024 service revenue to grow by 4% y/y to €3.36 billion (Forecast 2023: €3.23 billion), above analysts’ estimate of €3.28 billion(+1.5% y/y).
- It’s guiding EBITDA to grow by 10% to 720.5 million euros (Forecast 2023: €655 million), above analysts’ estimate of €666 million (+1.7% y/y).
- 1&1 continues to invest in network expansion- It’s guiding cash capex to rise by 20% y/y to €384 million (Forecasted 2023: €320 million), higher analysts’ estimate of €363 million (+13% y/y).
https://www.eqs-news.com/news/adhoc/11-with-positive-outlook-for-2024/1963399
“Higher prices, new customers and new products related to artificial intelligence are expected to further increase sales and profit margins in 2024 and 2025,” dpa reported citing the company’s announcement in Karlsruhe.