DGAP-News

United Internet AG: FY 2016 figures set new records in customer contracts, sales and earnings - Seite 2

Group development (in EUR million)	2015*	2016	Change
Sales	3,715.7	3,948.9	+ 6.3% (currency-adjusted: + 6.8%)
EBITDA	757.2	840.6	+ 11.0% (currency-adjusted: + 11.8%)
EBIT	541.7	647.2	+ 19.5% (currency-adjusted: + 20.5%)

* Key earnings figures 2015 without special items from sale of Goldbach shares and partial stake in virtual minds (EBITDA, EBIT effect = EUR +14.0 million)

EPS / special items

Operating earnings per share (operating EPS) improved by 23.1%, from EUR 1.73 (comparable prior-year figure) to EUR 2.13. Before amortization from purchase price allocations (PPA), EPS rose by 21.2% from EUR 1.89 to EUR 2.29.

As already stated in the Half-Yearly Financial Report 2016, United Internet wrote down the value of shares it holds in Rocket Internet SE in its non-operating business by EUR 254.6 million (EPS effect: EUR -1.25). As a result, EPS fell in total to EUR 0.88 while EPS before PPA decreased to EUR 1.04. United Internet is still convinced that Rocket Internet has significant market opportunities. The above mentioned impairment charges do not impact United Internet's dividend policy nor its guidance, as these are based on earnings from operating activities.