DGAP-News

freenet AG increases revenue in second quarter because of growing number of contract customers and higher digital lifestyle demand

DGAP-News: freenet AG / Key word(s): Half Year Results
freenet AG increases revenue in second quarter because of growing
number of contract customers and higher digital lifestyle demand

05.08.2015 / 18:00

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freenet AG increases revenue in second quarter because of growing number of
contract customers and higher digital lifestyle demand
- Group revenue increases by 3.5 per cent to 752.5 million euros
(previous year: 727.2 million euros)

- Customer ownership grows by 3.0 per cent to 9.11 million (previous
year: 8.84 million); contract customer base grows by 4.4 per cent to
6.16 million

- Postpaid ARPU remains stable at 21.4 euros (previous year: 21.5 euros)

- EBITDA improves slightly to 89.1 million euros, 1.7 per cent up on
previous year (87.6 million euros)

- Free cash flow* of 74.1 million euros (previous year: 74.2 million
euros)

- Guidance for the financial years 2015 and 2016 confirmed

Büdelsdorf, 5 August 2015 - freenet AG [ISIN DE000A0Z2ZZ5] published its
interim report for the second quarter of 2015 today and confirmed its
outlook for the financial years 2015 and 2016.

Group revenue amounting to 752.5 million euros was generated in the second
quarter (previous year: 727.2 million euros). This development was possible
thanks first and foremost to the significant increase in the contract
customer base, accompanied by almost constant postpaid ARPU, and to higher
revenue in the digital lifestyle field. The mobile communications business
segment remained dominant within the Group with revenue amounting to 739.0
million euros (previous year: 714.5 million euros).

The customer ownership base - in which the strategically important postpaid
and no-frills customer groups are concentrated and which serve as an
important control parameter in the company - was increased by around 264
thousand customers to 9.11 million (previous year: 8.84 million),
representing an increase of 3.0 per cent. The upward trend originates
primarily from the disproportionate increase (of 4.4 per cent to 6.16
million) in the postpaid customer base, in which all of the mobile
communications contracts with a term of 24 months that are marketed in the
Group are consolidated. The no-frills customer segment, which includes all
of the mobile communications tariffs with a term of less than 24 months
that are marketed via discount brands belonging to the Group, likewise
improved slightly with growth of 3 thousand participants compared to last
year.

The freenet Group was again able to sustainably benefit from its strategic
position as a digital lifestyle provider - focused on high-value customer