Freenet 9M Revenues Increase 2.9% To Eur 1.82 Bln
Nov 7 (Reuters) -FREENET AG FNTGn.DE:
CONTINUES SUCCESSFUL DEVELOPMENT IN 2024 – PERFORMANCE ALLOWS FOR SPECIFICATION AND PARTIAL INCREASE OF 2024 FINANCIAL GUIDANCE
9M REVENUES INCREASE BY 2.9% TO EUR 1,816 MILLION IN NINE-MONTH PERIOD OF 2024 (PRIOR YEAR: EUR 1,765 MILLION)
9M AT EUR 380.0 MILLION, EBITDA AT END OF SEPTEMBER WAS SLIGHTLY HIGHER THAN IN PRIOR YEAR (EUR 376.8 MILLION), AS EXPECTED. ACCORDINGLY, EBITDA GUIDANCE CAN BE NARROWED TO EUR 500 - 515 MILLION
9M NUMBER OF TV SUBSCRIBERS AT FREENET (MOBILE COMMUNICATIONS + TV) INCREASES TO JUST UNDER 10.0 MILLION (YEAR-END 2023: 9.5 MILLION)
9M FREE CASH FLOW EUR 219.9 MILLION
BUSINESS ACTIVITIES OF GRAVIS WERE COMPLETELY DISCONTINUED AT END OF JUNE 2024
GUIDANCE FOR FREE CASH FLOW INCREASED TO EUR 270 - 285 MILLION
EXECUTIVE BOARD NOW EXPECTS MODERATE GROWTH (PRIORLY: STABLE PERFORMANCE) IN REVENUES IN 2024 FINANCIAL YEAR
GUIDANCE FOR OTHER FINANCIAL AND NON-FINANCIAL PERFORMANCE INDICATORS REMAINS UNCHANGED
GUIDANCE FY: EBITDA OF EUR 500 TO 515 MILLION FOR 2024 FINANCIAL YEAR (PRIORLY: EUR 495 TO 515 MILLION)
9M TV AND MEDIA SEGMENT REVENUES INCREASED BY 15.6 % TO EUR 291.0 MILLION
Source text: ID:nEQcbdrtqa
Further company coverage: [FNTGn.DE]
(Gdansk Newsroom)
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