United Internet AG (OTCPK:UDIRF) Q1 2025 Results Conference Call May 12, 2025 6:00 AM ET
Company Participants
Dominic Grossman – IR
Carsten Theurer – Chief Financial Officer
Conference Call Participants
Polo Tang – UBS
Nizla Naizer – Deutsche Bank
Dominic Grossman
Hello and good morning, everyone. I’d like to welcome you to our Q1 2025 analyst and investor call. Thank you for joining early. My name is Dominic Grossman. I’m 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, which is business development in Q1 and will also take you through outlook for the remainder of the year. Afterwards, we will be there to answer your questions. So far from my side, I would now like to hand over to Carsten, Carsten the floor is yours. Please go ahead.
Carsten Theurer
Thank you, Dominic. And also a warm welcome from my side to our webcast on our 3 months figures 2025. Let’s go into our numbers. On Slide 2, we have summarized our major KPIs for you. Our contracts increased by 150,000 to 29.17 million in the first 3 months of 2025. Our revenue improved by 4.2% to EUR 1.63 billion. EBITDA grew slightly by 0.1% to EUR 342.6 million. However, it is important to note here that we have already more spend than EUR 67 million for the rollout of our 5G mobile 1&1 network in the first quarter compared to EUR 42 million during the same period last year.
Our EBIT declined by minus 12.9% to around EUR 162.9 million. In addition to the explained negative effect on earnings, this was due to higher depreciation and amortization as a result of investments in the rollout of the fiber optic network
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