freenet AG

FNTN

Equity

ISIN DE000A0Z2ZZ5 / Valor 10575025

Xetra (2025-04-07)

EUR 32.34-4.15%

freenet AG
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About company

Freenet AG is a telecommunications company based in Germany, offering a wide range of mobile and fixed-line services to consumers and businesses. The company's portfolio includes mobile phone contracts, internet services, and digital television offerings. Freenet AG also invests in various brands and ventures within the telecommunications industry. The Corporate Communications department manages publications, press releases, and media inquiries related to freenet and its subsidiaries.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

In the first nine months of 2024, freenet AG reported a revenue increase of 2.9%, reaching 1.816 billion EUR compared to 1.765 billion EUR in the same period of 2023. This growth was primarily driven by a significant rise in customer numbers and increased revenues from waipu.tv.

Gross Profit and EBITDA

freenet AG's gross profit for the nine-month period in 2024 was 713.2 million EUR, marking a 6.4% increase from the previous year's 670.0 million EUR. The EBITDA also saw a slight rise to 380.0 million EUR from 376.8 million EUR, reflecting a 0.8% growth.

Adjusted Net Income

The adjusted net income for freenet AG in the first nine months of 2024 was 231.1 million EUR, which is a 16.7% increase from the 198.0 million EUR reported in the same period of 2023. This improvement is indicative of the company's enhanced profitability.

Subscriber Growth

freenet AG experienced a notable increase in its subscriber base, with the total number of subscribers rising by 468.3 thousand to 9.961 million by the end of September 2024. This growth was significantly influenced by the addition of 461.2 thousand waipu.tv subscribers, a 33.7% increase from the previous year.

Market Capitalization and Share Price

As of September 30, 2024, freenet AG's market capitalization stood at 3.177 billion EUR, up 5.4% from 3.013 billion EUR at the end of 2023. The share price also increased by 5.4%, reaching 26.72 EUR from 25.34 EUR at the end of the previous year.

Summarized from source with an LLMView Source

Key figures

23.2%1Y

31.6%3Y

101%5Y

Performance

19.5%1Y

23.0%3Y

26.9%5Y

Volatility