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freenet AG
Report Publication Announcement • Mar 25, 2019
164_rns_2019-03-25_d366a1a1-b8b5-4388-9aff-1d2367a04030.html
Report Publication Announcement
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Corporate | 25 March 2019 08:00
freenet AG: freenet Group publishes annual report 2018 and confirms preliminary results (news with additional features)
DGAP-News: freenet AG / Key word(s): Annual Results
25.03.2019 / 08:00
The issuer is solely responsible for the content of this announcement.
**freenet Group publishes annual report 2018 and confirms preliminary results
Büdelsdorf, 25 March 2019** – Following verification of the annual financial statements of the freenet Group [ISIN DE000A0Z2ZZ5] as of 31 December 2018 and approval of the consolidated financial statements by the Supervisory Board, the Executive Board has confirmed the preliminary figures announced on 28 February 2019. The complete annual report 2018 including the audited consolidated financial statements is available for download at https://www.freenet-group.de/investor .
Key performance indicators for the freenet Group 1
| In EUR million/as indicated | 2018 | 2017 |
| Operations | ||
| Revenue without IFRS 15 effects | 3,659.2 | 3,507.3 |
| Revenue | 2,897.5 | 3,507.3 |
| Gross profit | 903.7 | 949.8 |
| EBITDA | 485.5 | 541.2 |
| EBITDA exclusive of Sunrise | 441.3 | 408.0 |
| EBIT | 337.1 | 373.0 |
| EBT | 234.0 | 322.7 |
| Consolidated profit | 212.2 | 275.6 |
| Earnings per share in EUR 2 | 1.74 | 2.24 |
| Dividend per share in EUR | 1.65 3 | 1.65 |
| Balance sheet | ||
| Total equity and liabilities | 4,634.7 | 4,314.1 |
| Equity | 1,280.8 | 1,462.9 |
| Equity ratio in % | 27.6 | 33.9 |
| Finances and investments | ||
| Free cash flow | 326.1 | 342.8 |
| Free cash flow exclusive of Sunrise | 289.2 | 308.4 |
| Net investments 4 (CAPEX) | 43.3 | 42.5 |
| Net debt | 644.1 | 510.0 |
| Pro forma net debt | 1,596.6 | 1,350.3 |
| Leverage | 1.3 | 0.9 |
| Customer-related figures | ||
| Postpaid ARPU in EUR | 21.6 | 21.4 |
| Postpaid ARPU without hardware (IFRS 15) in EUR | 19.0 | – |
| Postpaid customers 5 in million | 6.896 | 6.711 |
| freenet TV subscribers (RGU) 5 in million | 1.014 | 0.902 |
| waipu.tv subscribers 5 in million | 0.252 | 0.102 |
| 1 For the definition of the key performance indicators we refer to section “Alternative performance measures” in the annual report 2018. | ||
| 2 Basic and diluted. | ||
| 3 The dividend will be paid subject to resolution at the Annual General Meeting in May 2019. | ||
| 4 Payments to acquire property, plant and equipment and intangible assets, less proceeds from disposal of intangible assets and property, plant and equipment. | ||
| 5 At the end of period. |
Forecast for the 2019 financial year
The company expects stable revenue development in the 2019 financial year. EBITDA based on EBITDA 2018 exclusive of Sunrise and profits of analogue radio sale (402.2 million euros) is expected to come in between 420 and 440 million euros. This figure includes effects from the application of IFRS 16 in the amount of 30 to 40 million euros. Taking the new definition into account, free cash flow is anticipated to be between 240 and 260 million euros. In the Mobile Communications segment, the number of postpaid customers is forecasted to increase moderately in 2019. In the TV and Media segment, waipu.tv subscribers are assumed to grow to more than 350,000 customers and freenet TV customers (RGU) are expected to stabilise at more than 1 million customers.
Dividend continuity
Based on the results achieved, the Executive Board and Supervisory Board of the freenet Group will propose a dividend of 1.65 euros per share for the financial year 2018 at the Annual General Meeting on 16 May 2019.
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| Investor Relations contact: freenet AG Investor Relations Deelbögenkamp 4c 22297 Hamburg Phone: +49 (0)40/513 06 778 Fax: +49 (0)40/513 06 970 E-Mail: [email protected] www.freenet-group.de |
Public Relations contact: freenet AG Public Relations Deelbögenkamp 4c 22297 Hamburg Phone: +49 (0)40/513 06 777 Fax: +49 (0)40/513 06 977 E-Mail: [email protected] www.freenet-group.de |
Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=DFWYCQBMDU
Document title: freenet AG – CN – Final Figures FY 2018
25.03.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | freenet AG |
| Hollerstraße 126 | |
| 24782 Büdelsdorf | |
| Germany | |
| Phone: | +49 (0)40 51306-778 |
| Fax: | +49 (0)40 51306-970 |
| E-mail: | [email protected] |
| Internet: | www.freenet-group.de |
| ISIN: | DE000A0Z2ZZ5, DE000A1KQXU0 |
| WKN: | A0Z2ZZ , A1KQXU |
| Indices: | MDAX, TecDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |