1&1 with a good start to the year

EQS-News: 1&1 AG / Key word(s): Quarter Results/Forecast
1&1 with a good start to the year

08.05.2024 / 07:35 CET/CEST
The issuer is solely responsible for the content of this announcement.

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1&1 with a good start to the year

* + 40,000 Customer contracts to 16.30 million

* + 4.2 percent service revenues to EUR821.9 million

* + 11.6 percent EBITDA (operational) to EUR224.7 million

  * + 0.1 percent EBITDA (total) to EUR182.3 million, despite increased
    start-up costs for the 1&1 mobile network

* Forecast 2024 confirmed

Montabaur, 8 May 2024 -1&1 AG (ISIN DE 0005545503) was able to increase the
number of its customer contracts in Q1 2024 in comparison with 31 December
2023 by 40,000 to 16.30 million. The growth was based on 40,000 new mobile
Internet contracts won, whose base stood at 12.29 million at the end of the
first quarter of 2024. Broadband lines remained stable at 4.01 million.

In the first quarter, the high-margin service revenue rose by 4.2 percent to
EUR821.9 million (Q1 2023: EUR788.9 million) whilst low-margin hardware revenue
declined by -12.8 percent to EUR202.5 million (Q1 2023: 232.1 million).
Overall, revenue in the first quarter 2024 rose by 0.3 percent to EUR1,024.4
million (Q1 2023: EUR1,021.0 million).

While EBITDA in the Access operating segment increased in Q1 2024 by 11.6
percent to EUR224.7 million (Q1 2023: EUR201.3 million), start-up costs for the
1&1 mobile network increased as planned to -EUR42.4 million (Q1 2023: -EUR19.2
million). Despite these higher start-up costs, EBITDA increased by EUR0.2
million to EUR182.3 million (Q1 2023: EUR182.1), EUR0.2 million above the figure
for the comparable prior-year period.

Due to increased depreciation and amortisation, in particular as a result of
the launch of mobile services in the 1&1 mobile network at the end of 2023
in the amount of -EUR64.4 million (Q1 2023: -EUR48.7 million), EBIT declined to
EUR117.9 million (Q1 2023: EUR133.4 million). As a result, earnings per share
(EPS) in Q1 2024 came to EUR0.47 (Q1 2023: EUR0.53).

The investment volume (cash capex) amounted due to a phasing effect to EUR10.1
million (Q1 2023: EUR40.2 million).

Forecast 2024

For the financial year 2024, the company confirms its forecast and expects
further growth in service revenue of ca. 4 percent to ca. EUR3.37 billion
(2023: EUR3.243 billion). EBITDA is expected to increase by 10 percent to ca.
EUR720 million (2023: EUR653.8 million). The Access segment will contribute a
growth of 12 percent to ca. EUR880 million (2023: EUR786.2 million) whilst the
start-up costs for the construction of the 5G network in the 1&1 Mobile
Network segment are expected to increase only moderately to ca. -EUR160
million (2023: - EUR132.4 million). The investment volume (cash capex) is
expected to increase by approx. 28 percent to around EUR380 (2023: EUR295.6
million).

Performance indicators pursuant to IFRS - comparison Q1 2023 vs. Q1 2024

    in EURm                               Q1 2023 Q1 2024 Change
    Revenue                             1,021.0  1,024.4   +0.3 %
    thereof service revenue               788.9    821.9   +4.2 %
    EBITDA                                182.1    182.3   +0.1 %
    thereof segment Access                201.3    224.7  +11.6 %
    thereof segment 1&1 Mobile Network    -19.2    -42.4
    EBIT                                  133.4    117.9  -11.6 %
    thereof segment Access                163.7    186.9  +14.2 %
    thereof segment 1&1 Mobile Network    -30.3    -69.0

Earnings per share in EUR 0.53 0.47 -11.3 %

Customer contracts in million 15.87 16.30 +2.7 %
This quarterly statement will be made available on the Company's home page
on 8 May 2024.

https://www.1und1.ag/investor-relations-en#meldungen-berichte-praesentationen


Montabaur, 8 May 2024

1&1 AG

The Management Board

About 1&1 AG

1&1 AG is a listed telecommunications provider domiciled in Montabaur. The
Company is a member of the United Internet AG corporate group.

1&1 is the first network operator in Europe to operate a fully virtualised
mobile network based on innovative Open RAN technology. In addition to a
comprehensive mobile communications portfolio, broadband connections are
offered which are mostly based on 1&1 Versatel's Germany-wide fibre-optic
transport network and on regional networks of city carriers and Deutsche
Telekom.

While the 1&1 brand addresses value and premium segments, the Group's
discount brands appeal to price-conscious target groups.


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08.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        1&1 AG
                   Elgendorfer Straße 57
                   56410 Montabaur
                   Germany
   Phone:          +49 (0) 6181 - 412 218
   Fax:            +49 (0) 6181 - 412 183
   E-mail:         ir@1und1.de
   Internet:       www.1und1.AG
   ISIN:           DE0005545503
   WKN:            554550
   Indices:        SDAX, TecDAX
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1897967

End of News EQS News Service
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1897967 08.05.2024 CET/CEST