United Internet (UTDI) Company presentation summary

Financial performance and key figures

• Revenues increased by 3.3% to €3,090.9 million and EBITDA rose by 5.1% to €676.0 million in H1 2026.

• EBIT grew 20% to €342.4 million, and EPS surged 59.6% to €0.75, mainly due to lower tax expenses.

• Free cash flow after leasing jumped 416.7% to €129.7 million.

• Leverage ratio stands at 2.3x net bank liabilities/EBITDA.

• Guidance for FY 2026 confirmed: revenue ~€6.25bn, EBITDA ~€1.45bn, cash-CAPEX €600–650m.

Business segments and growth drivers

• 1&1 is the 4th largest German network operator, operating a modern 5G Open RAN network and one of the largest fiber optic networks.

• IONOS is Europe's largest web hosting provider, with 10.55 million contracts and strong AI-driven product innovation.

• Mail & Media leads the German B2C email market, with 41.98 million accounts and high EBITDA margins (~40%).

• Diversified portfolio includes over 68 million accounts and a strong M&A track record (>€3.5bn volume).

• AI and digital sovereignty are key themes, driving new product launches and customer retention.

Segment performance highlights

• 1&1 revenues up 1.6% to €2.27bn; EBITDA up 5.1% to €382.7m; customer contracts declined slightly due to tariff changes.

• IONOS revenues up 6.9% to €701.1m; EBITDA up 2.6% to €232.6m, with best-in-class churn (~1%/month).

• Mail & Media revenues up 8.4% to €161.4m; EBITDA up 16.7% to €62.9m, driven by growth in pay accounts and ad monetization.