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Thursday 25 March, 2010

United Internet Ag

EANS-Adhoc: Most successful year in company his...

PR Newswire/euro adhoc/
EANS-Adhoc: Most successful year in company history for United Internet -
Dividend of EUR 0.40 planned
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc 
with the aim of a Europe-wide distribution. The issuer is solely responsible for
the content of this announcement.

25.03.2010

Montabaur, March 25, 2010. The Management Board of United Internet AG (ISIN
DE0005089031) today announced the audited consolidated results according to
IFRS for the fiscal year 2009. There was a marked improvement in all the
Group´s key financial figures compared to the previous year.

Group development 

In its fiscal year 2009, consolidated sales of United Internet AG were up 5.6%
on the previous year, from EUR 1,570.4 million (comparable prior-year figure
after sale and deconsolidation of AdLINK Display Marketing business) to
EUR 1,658.9 million. Ordinary earnings before interest, taxes, depreciation and
amortization (EBITDA) improved by 12.4% from EUR 316.9 million to EUR 356.1
million. Including non-recurring income of EUR 60.6 million from the sale of
shares in freenet and Drillisch, EBITDA rose by 31.5% from EUR 316.9 million to
EUR 416.7 million. Ordinary earnings before interest and taxes (EBIT) grew by
13.5% from EUR 264.3 million to EUR 300.0 million. After consideration of
goodwill write-downs of EUR 6.4 million in 2008 and the above mentioned non-
recurring income from the sale of investments in 2009, EBIT grew by 39.8% from
EUR 257.9 million to EUR 360.6 million. Earnings per share (EPS) increased 
from
EUR -0.52 in the previous year (incl. EUR -1.20 from write-downs on 
investments
and EUR -0.01 from discontinued operations) to EUR 1.22 (including EUR 0.47
from net positive special items and EUR 0.05 from discontinued operations).

|Year-on-year comparison (in EUR    |2008        |2009        |Change     
|million)                           |            |            |           
|Sales                              |1,570.4     |1,658.9     |+ 5.6%     
|EBITDA without special items       |316.9       |356.1       |+ 12.4%    
|EBIT without special items         |264.3       |300.0       |+ 13.5%    
|EBITDA                             |316.9       |416.7**     |+ 31.5%    
|EBIT                               |257.9*      |360.6**     |+ 39.8%    

* Incl. negative special items of EUR 6.4 million from goodwill write-downs
in the Online Marketing segment

** Incl. positive special items of EUR 60.6 million from sale of shares

|Quarter-on-quarter comparison (in  |Q4 2008     |Q4 2009     |Change     
|EUR million)                       |            |            |           
|Sales                              |405.2       |434.1       |+ 7.1%     
|EBITDA without special items       |68.0        |87.0        |+ 27.9%    
|EBIT without special items         |54.5        |70.4        |+ 29.2%    
|EBITDA                             |68.0        |97.4**      |+ 43.2%    
|EBIT                               |48.1*       |80.8**      |+ 68.0%    

* Incl. negative special items of EUR 6.4 million from goodwill write-downs
in the Online Marketing segment
** Incl. positive special items of EUR 10.4 million from sale of shares

Dividend 

At the Annual Shareholders' Meeting on June 2, 2010, the Management Board will
propose a dividend payment of EUR 90 million from the balance sheet profit
disclosed for fiscal year 2009. On the basis of 225 million shares with
dividend rights at present, this corresponds to EUR 0.40 per share. This
dividend comprises a regular amount of EUR 0.20 for 2009 plus a bonus dividend
of a further EUR 0.20 for the lack of dividend paid in the previous year due to
high write-downs on investments. The Supervisory Board has approved the
proposed appropriation of profit.

Segment development 

Thanks to a business model based overwhelmingly on electronic subscriptions,
the dominant Product segment enjoyed further stronger growth - although the
reduced spending of advertising customers was also noticeable in portal
marketing during 2009. As expected, the Online Marketing segment was unable to
escape the impact of the economic crisis and the resulting fall in advertising
spending.

|Year-on-year comparison (in EUR    |2008        |2009        |Change     
|million)                           |            |            |           
|Product segment                    |            |            |           
|Sales                              |1,432.8     |1,528.1     |+ 6.7%     
|EBITDA                             |298.6       |339.0       |+ 13.5%    
|EBIT                               |248.1       |285.2       |+ 15.0%    
|Online Marketing segment           |            |            |           
|Sales                              |136.9       |130.1       |- 5.0%     
|EBITDA                             |11.0        |10.5        |-4.5%      
|EBIT                               |9.2*        |8.5         |- 7.6%     

* Without negative special items of EUR 6.4 million from goodwill write-downs

|Quarter-on-quarter comparison (in  |Q4 2008     |Q4 2009     |Change     
|EUR million)*                      |            |            |           
|Products                           |            |            |           
|Sales                              |371.1       |405.2       |+ 9.2%     
|EBITDA                             |62.8        |81.0        |+ 29.0%    
|EBIT                               |50.0        |65.1        |+ 30.2%    
|Online Marketing (continued        |            |            |           
|operations)                        |            |            |           
|Sales                              |34.0        |28.7        |-15.6%     
|EBITDA                             |0.3         |3.7         |           
|EBIT                               |-0.2*       |3.2         |           

* Without negative special items of EUR 6.4 million from goodwill write-downs

Customer development 

Including around 0.58 million freenet DSL customers, the number of fee-based
customer contracts grew by 15.1% or 1.2 million contracts to 9.15 million in
2009.

|Customer contracts by product lines|31.12.2008  |30.09.2009  |31.12.2009 
|in million                         |            |            |           
|Information Management             |1.36        |1.52        |1.54       
|Webhosting                         |3.62        |4.05        |4.14       
|- thereof abroad                   |1.93        |2.14        |2.22       
|Internet Access                    |2.97        |3.48        |3.47       
|- thereof DSL                      |2.82        |3.32        |3.31       
|   - thereof DSL complete packages |0.78        |1.69        |1.82       
|   - thereof resale-DSL / T-DSL    |2.04        |1.63        |1.49       
|Total                              |7.95        |9.05        |9.15       

Status 30.09.2009 adjusted for contractually binding freenet customer relations
migrated at the end of the year

Outlook 

An increase in consolidated sales of approximately 15% is expected for fiscal
year 2010.

EBITDA is expected to remain at the high level of 2009 - despite expenses for
the current quality drive and high development and marketing costs for new
business fields and for further foreign expansion.

In order to fully exploit the identified growth business fields "Mobile
Internet" and "Cloud Applications", United Internet will introduce a new
segmentation for management and reporting purposes. The former segments,
"Products" and "Online Marketing" will be discontinued and replaced from 2010
onward by the segments "Access" and "Applications".

"Access" comprises narrowband, broadband and mobile access products, including
the corresponding applications.

"Applications" describes the company´s application business - ad-financed or
via subscription fee. These applications include, for example, home pages and e-
shops, Personal Information Management applications (e-mail, to-do lists,
appointments, addresses), group work, online storage, and office applications.
Also included are the operations of Sedo and affilinet.

|Financial figures acc. to new segmentation            |31.12.2009       
|(in EUR million)                                      |                 
|"Access" segment                                      |                 
|Sales                                                 |1,026.7          
|EBITDA                                                |124.1            
|EBIT                                                  |118.3            
|"Applications" segment                                |                 
|Sales                                                 |631.5            
|EBITDA                                                |225.4            
|EBIT                                                  |175.4            



Further inquiry note:
Marcus Schaps
Head of PR 
United Internet AG
Elgendorfer Straße 57
56410 Montabaur
Telefon: 02602/96-1076
Telefax: 02602/96-1013
E-Mail: [email protected]
Internet: www.united-internet.de
issuer:   United Internet AG
          Elgendorfer Straße 57
          D-56410 Montabaur
phone:    +49 (0) 2602 96-1100
FAX:      +49 (0) 2602 96-1013
mail:     [email protected]
WWW:      http://www.united-internet.de
sector:   Telecommunications Services
ISIN:     DE0005089031
indexes:  Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share, Technology
          All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
          Hamburg, Stuttgart, Düsseldorf, Hannover, München 
language: English
        
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