EQS-News: freenet AG: freenet continues to impress with strong customer growth in IPTV and specifies 2023 guidance
At the same time, free cash flow increased by 6.3% to EUR 199.1 million (prior-year period: EUR 187.3 million).
- At the same time, free cash flow increased by 6.3% to EUR 199.1 million (prior-year period: EUR 187.3 million).
- Increased service revenues and an overall stable overhead cost base in relation to growth are the main reasons for the increased profitability.
- In view of this development and the continued positive business outlook, the Executive Board is raising its guidance for EBITDA in the current financial year to between EUR 495 and EUR 505 million (initial: EUR 480 - EUR 500 million) and narrowing its expectations for free cash flow to the upper end of the guidance range (EUR 260 - EUR 270 million; initial: EUR 250 - EUR 270 million).
- This already takes into account the company's investments in raising awareness of the "freenet" and "waipu.tv" brands in the form of extensive marketing activities.