freenet AG

FNTN

Equity

ISIN DE000A0Z2ZZ5 / Valor 10575025

Xetra (2024-09-18)

EUR 26.80-0.59%

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 half of 2024, freenet AG reported a 3.3% increase in group revenues, reaching EUR 1,198 million compared to EUR 1,160 million in the previous year. This growth highlights the company's ability to enhance its financial performance despite market challenges.

Subscriber Increase

freenet AG saw a significant rise in the number of subscribers for its waipu.tv service in Q2 2024, with 191.0 thousand new subscribers, surpassing the total net new subscriber growth for the entire first half of 2023, which was 183.6 thousand. This indicates a strong demand for their TV/media services.

Total Subscriber Base

The total number of freenet AG subscribers, including both mobile and TV/media, increased to 9.808 million by the end of the first half of 2024, up from 9.493 million at the end of 2023. This growth reflects the company's successful customer acquisition strategies.

EBITDA and Free Cash Flow

freenet AG's EBITDA for the first half of 2024 was EUR 252.2 million, and the free cash flow was EUR 151.2 million. These figures were not above the previous year's levels due to temporary growth investments, indicating a strategic focus on long-term growth.

2024 Guidance Confirmation

The Executive Board of freenet AG has confirmed the company's guidance for 2024, demonstrating confidence in their strategic direction and financial outlook. This confirmation reassures investors of the company's stable future performance.

Summarized from source with an LLMView Source

Key figures

19.4%1Y

22.7%3Y

49.0%5Y

Performance

19.1%1Y

24.2%3Y

27.2%5Y

Volatility