United Internet AG

UTDI

Equity

ISIN DE0005089031 / Valor 1115836

Xetra (2026-06-05)

EUR 26.82+2.04%

United Internet AG
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About company

United Internet AG is a prominent German internet services company, recognized for its comprehensive portfolio of internet access products and cloud applications. Through its well-known brands such as 1&1, GMX, WEB.DE, IONOS, and STRATO, the company caters to a wide array of consumer and business needs. These brands collectively provide a variety of services, including broadband and mobile internet access, email services, web hosting, and cloud-based solutions. United Internet AG has established itself as a key player in the internet services industry by leveraging these brands to offer innovative and reliable internet-related products and services to customers worldwide. The company's focus on diversifying its offerings and expanding its market presence underscores its commitment to meeting the evolving needs of the digital age.

Summarized from source with an LLMView SourceSector: Technology

Key financials

Q1 2026 sales €1,551.9m (+2.5%); EBITDA €331.9m (+2.4%) – EBITDA margin ~21.4% (stable); EBIT €166.9m (+15.6%) – EBIT margin improved to 10.8% (from 9.5%). EBT €119.7m (+8.7%). Cash capex in Q1 €117.5m. Cash flow from operating activities improved to €162.7m (vs. €‑6.0m prior year); free cash flow after lease repayments ~€3.7m (Q1 2026).

Segment highlights

1&1: Sales €1,146.0m (+1.1%), EBITDA ~€192.4m (flat y/y), EBIT rose to €57.8m (+27.0%); mobile and broadband contracts stable. IONOS: Sales €348.4m (+5.7%), EBITDA €112.2m (+5.5%), EBIT €87.9m (+11.3%) with contract growth +300k. Mail & Media: Sales €79.3m (+7.6%), EBITDA €29.8m (+17.3%) and improving margins driven by higher pay‑account conversion and lower leasing Opex after infrastructure acquisition.

Customers and operations

Total fee‑based contracts 30.10m (+380k), driven by IONOS (+300k) and Mail & Media (+80k); 1&1 contracts stable at 16.32m. Total accounts in Mail & Media ~41.89m. Headcount 10,514 (‑2.2% y/y). Share price strengthened to €27.52 at March 31, 2026 (+44.9% y/y).

Balance sheet and liquidity

Total assets ~€12.01bn; equity €5,282.8m (equity ratio 44.0%). Net bank liabilities increased (long‑term and short‑term borrowings used); cash on hand roughly €44m at quarter end. Non‑current assets rose slightly (investment in network and data center infrastructure); working capital movements included lower trade payables at quarter end and higher prepaid expenses.

Notable items affecting comparability

Comparisons reflect IFRS adjustments: Sedo is presented as a discontinued operation (since Sept 30, 2025). Segment reporting was changed after an intra‑Group sale (1&1 Versatel) and the “Energy” business was discontinued/sold in 2025. Lower PPA depreciation and other accounting timing effects supported higher EBIT and EPS.

Outlook

Management reconfirmed full‑year 2026 guidance: sales ≈ €6.25bn, EBITDA ≈ €1.45bn, and cash capex targeted at €600–650m (vs. €730.8m in 2025). Management describes Q1 as a “good start” and says the Group is well positioned for the rest of the year.

Summarized from source with an LLMView Source

Key figures

13.1%1Y

95.2%3Y

-19.3%5Y

Performance

31.6%1Y

36.5%3Y

33.0%5Y

Volatility