EQS-News
1&1 with expected start to the year, forecast for 2025 confirmed
- 1&1 reports 16.35M customer contracts, slight decline.
- Service revenue stable at €821.9M; EBITDA down 14.5%.
- 2025 forecast confirmed; expects stable revenue, EBITDA drop.

EQS-News: 1&1 AG / Key word(s): Quarterly / Interim Statement 1&1 with expected start to the year, forecast for 2025 confirmed |
- Customer contracts at 16.35 million
- Service revenues unchanged at €821.9 million
- - 0.8 percent EBITDA (operational) to €222.9 million
- - 14.5 percent EBITDA (total) to €155.9 million, due to higher start-up costs for the 1&1 mobile network as planned
- Outlook 2025 confirmed
Montabaur, 12 May 2025 – In Q1 2025, 1&1 AG (ISIN DE 0005545503) the number of customer contracts declined as planned compared with December 31, 2024 by 40,000 to 16.35 million. The decline is attributable to both mobile Internet contracts, which totalled to 12.42 million contracts at the end of Q1 2025 (December 31, 2024: 12.44 million contracts), and the 3.93 million broadband connections (December 31, 2024: 3.95 million contracts).
In the first quarter, the high-margin service revenue was with €821.9 million at the previous year's level (Q1 2024: €821.9 million) whilst low-margin hardware revenue declined by 2.9 percent to €196.6 million (Q1 2024: €202.5 million). Overall, revenue in the first quarter 2025 declined by 0.6 percent to €1,018.5 million (Q1 2024: €1,024.4 million).
While EBITDA in the Access operating segment declined in Q1 2025 by 0.8 percent to €222.9 million (Q1 2024: €224.7 million), start-up costs for the 1&1 mobile network increased as planned to -€67.0 million (Q1 2024: -€42.4 million). EBITDA declined by €26.4 million to €155.9 million (Q1 2024: €182.3).
Due to higher depreciation and amortization, in particular due to the increased number of antenna sites in the 1&1 mobile network, EBIT declined to €73.2 million (Q1 2024: €117.9 million). As a result, earnings per share (EPS) in Q1 2025 came to €0.27 (Q1 2024: €0.47). Excluding the impact of PPA write-downs, earnings per share amounted to EUR 0.36 (Q1 2024: EUR 0.53).