United Internet Lifts Q1 Revenue to EUR 1.55 Billion as EBIT Jumps 15.6%
Updated
Updated · Telecompaper EN · May 12
United Internet Lifts Q1 Revenue to EUR 1.55 Billion as EBIT Jumps 15.6%
1 articles · Updated · Telecompaper EN · May 12
EUR 1.55 billion in Q1 revenue and EUR 332 million in EBITDA marked year-on-year gains of 2.1% and 2.4% for United Internet.
EUR 166.9 million in EBIT rose 15.6%, driven mainly by higher EBITDA and lower depreciation, while cash capex edged down to EUR 117.5 million from EUR 122.0 million.
38,000 net contract additions in the quarter lifted United Internet's customer base to 30.10 million, adding modest operating support to the quarter's growth.
Is an accounting rule change the real secret behind United Internet’s 16% profit jump?
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