Freenet Ag Unsp/Adr (FRTAY) Q1 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.706 -- 00:00:05.128 Good morning, everybody. Thanks for joining today's call. 00:00:05.270 -- 00:00:09.835 Highly traditional, I'm going to start with some qualitative 00:00:09.835 -- 00:00:15.180 assessment of the last quarter, and Ingo will then go into financial details, followed 00:00:15.180 -- 00:00:17.222 by hopefully 00:00:17.222 -- 00:00:20.323 interesting Q&A. 00:00:20.786 -- 00:00:25.631 Page number one, we believe this is a good start into the year. 00:00:25.631 -- 00:00:31.498 We call it the sound start. with solid key financials revenues 00:00:31.498 -- 00:00:36.606 grow as expected adjusted EBITDA on mobile is stable whereas the 00:00:36.606 -- 00:00:42.394 TV and media is growing significantly we'll comment on that in a second 00:00:42.394 -- 00:00:48.082 and free cash flow is also in line with the guidance and our internal planning 00:00:48.082 -- 00:00:54.191 on the pure operational KPIs customer growth in both segments 00:00:54.191 -- 00:00:59.219 is okay I think that is definitely to the point where everybody was maybe a 00:00:59.219 -- 00:01:05.346 bit disappointed. I'm not at all disappointed, to be honest, because I 00:01:05.346 -- 00:01:09.791 think all the entire market has seen a little fatigue. 00:01:09.791 -- 00:01:14.955 We have all seen uncertainties in German consumption, 00:01:15.498 -- 00:01:21.024 private consumption during this first quarter, the new elections, the 00:01:21.024 -- 00:01:24.270 building of the new Regierung 00:01:24.270 -- 00:01:28.356 and government staff, I think that all 00:01:28.356 -- 00:01:33.843 led to uncertainties that we also see. And we have therefore consequently 00:01:33.843 -- 00:01:37.388 taken out money off the market. I think that was the key. 00:01:37.388 -- 00:01:42.555 Ingo will exp...