FREENET AG


Locations: DEUTSCHLAND, HAMBURG, DEUTSCHLAND

EQS-News: freenet Annual General Meeting approves dividend increase of more than 5 %

Retrieved on: 
Friday, May 10, 2024
Acquisition, Annual, AG, Dividend, XETRA, EUR, AGM, Holding company

This represents a 5.4% increase in dividends per share compared to the previous year and a dividend yield of 7.0%.

Key Points: 
  • This represents a 5.4% increase in dividends per share compared to the previous year and a dividend yield of 7.0%.
  • postal votes) of the registered share capital of freenet AG was represented at the Annual General Meeting (AGM).
  • Further information on the Annual General Meeting (AGM) 2024 with the detailed voting results is available at fn.de/agm .
  • 1 The dividend yield is calculated from the Dividend per share in relation to the closing price (Xetra) of the freenet share at the end of 2023.

EQS-News: freenet confirms the preliminary results for the 2023 financial year, the proposed dividend of EUR 1.77 and the 2024 guidance

Retrieved on: 
Wednesday, April 10, 2024
EUR, Bank statement, Supervisory board, Freenet, AG

freenet confirms the preliminary results for the 2023 financial year, the proposed dividend of EUR 1.77 and the 2024 guidance

Key Points: 
  • freenet confirms the preliminary results for the 2023 financial year, the proposed dividend of EUR 1.77 and the 2024 guidance
    The issuer is solely responsible for the content of this announcement.
  • Büdelsdorf, 26 March 2024 - Following the adoption of the consolidated financial statements of freenet AG [ISIN DE000A0Z2ZZ5] as of 31 December 2023 and the approval of the consolidated financial statements by the Supervisory Board, the company's Executive Board confirms the preliminary results for the 2023 financial year published on 29 February 2024, the dividend proposal of 1.77 euros and the forecast for the 2024 financial year.

EQS-News: freenet generates EBITDA of half a billion euros for the first time and proposes dividend increase

Retrieved on: 
Wednesday, March 13, 2024
Annual general meeting, Growth, EUR, Investment, Telephony

Driven by customer growth, Group revenues increased by 2.8% to EUR 2,627.3 million (previous year: EUR 2,556.7 million).

Key Points: 
  • Driven by customer growth, Group revenues increased by 2.8% to EUR 2,627.3 million (previous year: EUR 2,556.7 million).
  • With EBITDA growth of 4.5% to EUR 500.2 million (previous year: EUR 478.7 million), the guidance for the 2023 financial year, which was raised during the year (EUR 495 to 505 million), was met.
  • EBITDA is at the centre of the guidance range and reached the half-billion euro mark for the first time.
  • Against this backdrop, freenet is on track to achieve EBITDA of at least EUR 520 million by the end of the 2025 financial year.

EQS-News: KORREKTUR: freenet erwirtschaftet erstmals EBITDA in Höhe von einer halben Milliarde Euro und schlägt Dividendenerhöhung vor

Retrieved on: 
Wednesday, March 13, 2024
Bestand, Tausend, Wachstum, Prognose, Mittelpunkt, Euro, Free, Cashflow, Entwicklung, Segment, Relation, Ehrgeiz, Wachstumsrate, CAGR, Hintergrund, Freenet, Weg, Vorstand, Hauptversammlung, Dividende, Aktie, Mittwoch, Vergleich, Grund, Investition, Steigerung, Markenbekanntheit, Produkt-Markt-Matrix, Zug, Nebenkostenprivileg, Mitte, Entscheidung, Key-Performance-Indicator, Segments, Mobilfunk, Arbeit

EQS-News: freenet erwirtschaftet erstmals EBITDA in Höhe von einer halben Milliarde Euro und schlägt Dividendenerhöhung vor

Retrieved on: 
Wednesday, March 13, 2024
Bestand, Tausend, Wachstum, Prognose, Mittelpunkt, Euro, Free, Cashflow, Entwicklung, Segment, Relation, Ehrgeiz, Wachstumsrate, CAGR, Hintergrund, Freenet, Weg, Vorstand, Hauptversammlung, Dividende, Aktie, Mittwoch, Vergleich, Grund, Investition, Steigerung, Markenbekanntheit, Produkt-Markt-Matrix, Zug, Nebenkostenprivileg, Mitte, Entscheidung, Key-Performance-Indicator, Segments, Mobilfunk, Arbeit

EQS-News: CORRECTION: freenet generates EBITDA of half a billion euros for the first time and proposes dividend increase

Retrieved on: 
Wednesday, March 13, 2024
Annual general meeting, Growth, EUR, Investment, Telephony

Strong growth in the TV business accounted for almost two thirds of customer growth.

Key Points: 
  • Strong growth in the TV business accounted for almost two thirds of customer growth.
  • Driven by customer growth, Group revenues increased by 2.8% to EUR 2,627.3 million (previous year: EUR 2,556.7 million).
  • EBITDA is at the centre of the guidance range and reached the half-billion euro mark for the first time.
  • Against this backdrop, freenet is on track to achieve EBITDA of at least EUR 520 million by the end of the 2025 financial year.

EQS-News: freenet AG: freenet continues to impress with strong customer growth in IPTV and specifies 2023 guidance

Retrieved on: 
Monday, December 25, 2023
Investment, Federal Executive Boards, Marketing, Growth, Corridor, EUR

At the same time, free cash flow increased by 6.3% to EUR 199.1 million (prior-year period: EUR 187.3 million).

Key Points: 
  • 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.