United Internet (UDIRF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and good morning everyone. I'd like to welcome you to our Q1 2025 analyst and investor call. Thank you for joining us today. My name is Dominik Grossmann. I am responsible for investor relations at United Internet and here with me today I have our CFO Carsten Theurer. Briefly about today's program. Carsten will first take you through our presentation with the business development in Q1 and will also give an outlook for the remainder of the year. Afterwards, he will be happy to answer all your questions. So far from my side, I would now like to hand over to Carsten. Carsten, the floor is yours. Please go ahead. Thank you, Dominik. And also a warm welcome from my side to our webcast on our three-month figures 2025. Let's go into our numbers. On slide two, we have summarized our major KPIs for you. Our contracts increased by 150,000 to 29.17 million in the first three months of 2025. Our revenue improved by 4.2% to 1.63 billion euros. EBITDA grew slightly by 0.1% to 342.6 million. However, it is important to note here that we have already more than 67 million for the rollout of our 5G mobile one-on-one network in the first quarter compared to 42 million during the same period last year. Our EBIT declined by minus 12.9% to around 162.9 million. In addition to the explained negative effects on earnings, this was due to higher depreciation and amortization as a result of investments in the rollout of the fiber optic network at one-on-one versatile and the rollout of the one-on-one mobile network. This increase in depreciation and amortization is to be offset by gradually increasing cost savings from this year onwards. EPS decreased slightly from 0.35 to 0.31 as a result of our reduced EBIT. I will continue giving an overview of the development for the first three mon...