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1&1:Quarterly Results/2023 Q2: Difference between revisions
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* Comments on its contract with Vantage Towers(i.e BNetZa investigations on whether Vantage Towers is to be blamed for failure to meet its contract obligations). | * Comments on its contract with Vantage Towers(i.e BNetZa investigations on whether Vantage Towers is to be blamed for failure to meet its contract obligations). | ||
* Revenue, EPS and number of contracts. | * Revenue, EPS and number of contracts. | ||
* National roaming agreement with Vodafone. | |||
== Results == | |||
Here is a summary of its Q2 2023 earnings results<ref>https://imagepool.1und1.ag/v2/download/berichte/1und1-AG_H1-2023_EN.pdf</ref>; | |||
* Revenue declined by 0.4% y/y to € 972.1 million versus analysts estimate of € 986.6 million(+1.1% y/y). | |||
* Service revenue was €795.7 million(+0.4% y/y) versus € 799.8 million expected by analysts. | |||
* EPS was € 0.49 versus analyst estimate of € 0.46. | |||
* There were 193 antenna sites at the end of June and 1&1 expects more than 500 antenna sites in Q3. They had guided for 400 antenna sites in Q3. | |||
* For the full year, 1,000 antenna sites are expected, down from 1,200 previously projected.<blockquote>“The annual target of 1,200 antenna sites will probably be reached at the beginning of 2024 due to further delivery delays at our main supplier,” the report noted.</blockquote> | |||
* Customer contracts were 15.96 million vs 15.97 estimate. | |||
* Mobile contracts were 11.91 million vs 11.926 million estimate. | |||
* Broadband contracts were 4.05 million vs 4.04 estimate. | |||
* 1&1 confirmed its forecast for 2023. | |||
* Despite the preliminary national agreement they signed with Vodafone yesterday, it seems they are not letting Vantage Towers off the hook yet.<blockquote>“If a penalty should be levied, we will accept our responsibility for the delay and also look into possible claims for damages against Vantage Towers,” the report said.</blockquote> | |||
== Earnings Call == | |||
Our summary of the earnings call can be found in our MindMap. | |||
== Management Guidance and Analysts Expectations == | == Management Guidance and Analysts Expectations == | ||