EQS-News: 1&1 with a good start to the year

EQS-News: 1&1 AG / Key word(s): Quarterly / Interim Statement/Forecast 1&1 with a good start to the year 10.05.2023 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. 1&1 with a good start to the year  Customer contracts: + 90,000 to 15.87 million Revenue: + 4.6 percent to €1,021.0 million, service revenues of €788.9 million at previous year's level EBITDA operational: + 3.0 percent to €201.3 million EBITDA total: - 2.7 percent to €182.1 million, as a result of increased start-up costs for the 1&1 mobile network Forecast 2023 confirmed Montabaur, May 10, 2023 –1&1 AG (ISIN DE 0005545503) was able to increase the number of its customer contracts in Q1 2023 in comparison with 31 December 2022 by 90,000 to 15.87 million. The growth was based on 120,000 new mobile Internet contracts won, whose base stood at 11.80 million at the end of the first quarter of 2023, while the number of broadband lines slightly decreased by 30,000 to 4.07 million in the same period. Revenue in the first quarter 2023 rose by 4.6 percent to €1,021.0 million (Q1 2022: €975.9 million). The increase resulted from higher hardware sales, while service revenue of €788.9 million (Q1 2022: €789.1 million) reached the previous year's level. EBITDA (earnings before interest, taxes, depreciation and amortisation) in the first three months of 2023 reached €182.1 million (Q1 2022: €187.1), 2.7 percent below the figure for the comparable prior-year period. While EBITDA in the Access operating segment increased again to €201.3 million (Q1 2022: €195.4 million), start-up costs for the 1&1 mobile network increased as planned to -€19.2 million (Q1 2022: -€8.3 million). EBIT reached €133.4 million (Q1 2022: €146.8 million) in the first three months of 2023, 9.1 percent below the figure for the comparable prior-year period. EBIT now includes increased depreciation and amortization as a result of the start as scheduled of depreciation and amortization of investments for the 1&1 mobile network (-€11.1 million). These write-downs are to be offset by cost savings in mobile wholesale services from Q4 2023 onwards. Earnings per share (EPS) decreased by 8.6 percent to €0.53 (Q1 2022: €0.58), included therein - €0.04 for the aforementioned depreciation and amortization on investments in the 1&1 mobile communications network. Forecast 2023 The Company confirms its forecast FY 2023 and expects unchanged a growth of ca. 500,000 new customer contracts. Service revenue is expected to increase by around 2 percent to ca. €3.23 billion (2022: €3.175 billion) and the EBITDA is expected at ca. €655 million (2022: €693.3 million). The Access segment will contribute a growth of ca. 4 percent to ca. €775million (2022: €745.7 million), whilst in the 1&1 mobile network segment, start-up costs of ca.- €120 million are expected as planned (2022: - €52.4 million). A capital expenditure volume (cash capex) of around €320 million is expected for 2023 (2022: ca. €250 million), primarily for the new mobile communications network (antennas, computers, software, etc.). Performance indicators pursuant to IFRS — comparison Q1 2022 vs. Q1 2023 in €m Q1 2022 Q1 2023 Change Revenue thereof service revenue 975.9 789.1 1,021.0 788.9 +4.6 % 0.0 % EBITDA thereof segment Access thereof segment 1&1 mobile network 187.1 195.4 -8.3 182.1 201.3 -19.2 -2.7 % +3.0 %   EBIT thereof segment Access thereof segment 1&1 mobile network 146.8 155.1 -8.3 133.4 163.7 -30.3 -9.1 % +5.5 %           Earnings per share in € 0.58 0.53 -8.6 %         Customer contracts in million 15.49 15.87 +2.5 % This quarterly statement will be made available on the Company’s home page on May 10, 2023. https://www.1und1.ag/investor-relations-en#meldungen-berichte-praesentationen Montabaur, 10 May 2023 1&1 AG The Management Board About 1&1 AG 1&1 AG is a listed telecommunications provider domiciled in Montabaur. The Company is a member of the United Internet AG corporate group. 1&1 offers its customers a comprehensive portfolio of mobile and broadband access. Moreover, other portfolio components are attractively bundled mobile and fixed network products and value-added applications such as home networking, online storage, video on demand, smart home solutions or IPTV. While the 1&1 brand is addressing value and premium segments, the Group’s discount brands appeal to price-conscious target customers. Following the successful participation in the 5G frequency auction, 1&1 as the fourth German network operator will establish the first European-wide fully virtualized mobile network on the basis of the innovative OpenRAN technology. Contact: Oliver Keil Head of Investor Relations Mail: [e-mail] 10.05.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

Language:	English
Company:	1&1 AG
	Elgendorfer Straße 57
	56410 Montabaur
	Germany
Phone:	+49 (0) 6181 - 412 218
Fax:	+49 (0) 6181 - 412 183
E-mail:	[e-mail]
Internet:	www.1und1.AG
ISIN:	DE0005545503
WKN:	554550
Indices:	SDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1628589

End of News	EQS News Service

1628589  10.05.2023 CET/CEST