SI=0%, I=9
-
Revenue declined by 0.4% y/y to € 972.1 million versus analysts estimate of € 986.6 million(+1.1% y/y).
-
Service revenue was €795.7 million(+0.4% y/y) versus € 799.8 million expected by analysts.
-
EPS was € 0.49 versus analyst estimate of € 0.46.
-
There were 193 antenna sites at the end of June and 1&1 expects more than 500 antenna sites in Q3. They had guided for 400 antenna sites in Q3.
-
For the full year, 1,000 antenna sites are expected, down from 1,200 previously projected.
“The annual target of 1,200 antenna sites will probably be reached at the beginning of 2024 due to further delivery delays at our main supplier,” the report noted.
-
Customer contracts were 15.96 million vs 15.97 estimate.
-
Mobile contracts were 11.91 million vs 11.926 million estimate.
-
Broadband contracts were 4.05 million vs 4.04 estimate.
-
1&1 confirmed its forecast for 2023.
-
Despite the preliminary national agreement they signed with Vodafone yesterday, it seems they are not letting Vantage Towers off the hook yet.
“If a penalty should be levied, we will accept our responsibility for the delay and also look into possible claims for damages against Vantage Towers,” the report said.
https://imagepool.1und1.ag/v2/download/berichte/1und1-AG_H1-2023_EN.pdf