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freenet AG (FNTGn.DE)

FNTGn.DE on Xetra

16 Feb 2018
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€0.54 (+1.91%)
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Latest Key Developments (Source: Significant Developments)

Freenet posts higher Q3 sales and earnings ​
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Freenet says :Q3 revenue rose 1.5 percent to 880.1 million euros.Q3 ‍EBITDA without Sunrise of 110.1 million euros approximately 1.9 percent higher than the comparison quarter (previous year: 108.2 million euros); this does not include the EBITDA contribution of 103.6 million euros from the Sunrise participation.Group result increases by around 170 per cent to 157.1 million euros (previous year: 58.0 million euros); without Sunrise group result would be 53.5 million euros (+5.7 million euros or +10.8%).Ffree cash flow improves by 16.0 million euros to 87.3 million euros​.Expects to see group EBITDA increase to approximately 410 million euros for current financial year​.Also predicting a further slight increase in group EBITDA for 2018​.Planning free cash flow of approximately 310 million euros for whole of 2017, and is also predicting a slight increase in 2018.Upgrades its 2017 target for the number of freenet tv customers, and achieves long-term assurance for the sales partnership with media saturn​.  Full Article

Freenet AG confirms 2016 targets, dividend plan after Q2 results
Wednesday, 10 Aug 2016 

Freenet Ag : Q2 revenue rose 7.3 percent to 807.7 million eur . news: freenet ag emphasises dividend strength with heavy increase in free cash flow during second quarter . Says group revenue increases by 7.3 per cent to 807.7 million euros . Says ebitda. improves significantly by 17.7 per cent to 104.8 million euros . Says continues to intend to suggest a dividend of 1.60 euros per dividend-bearing share for financial year 2016 . Says confirmation of guidance for financial year 2016 .Says targets a moderately increasing group revenue for financial year 2016, an ebitda of slightly more than 400 million euros.  Full Article

Freenet AG says acquires 23.83 percent of Sunrise Communications Group AG
Thursday, 17 Mar 2016 

Freenet AG:Says acquires 23.83 percent of Sunrise Communications Group AG.Signed contract for acquisition of 10,721,395 ordinary shares in Sunrise Communications Group AG.Next month, in addition to this, Freenet AG is going to acquire further stake of up to 330,183 shares in Sunrise Communications.Price of acquiring this 23.83 pct participating interest is around 714 million euros or 72.95 Swiss francs per share in Sunrise Communications.  Full Article

Freenet AG to propose FY 2015 dividend, gives FY 2016 dividend forecast
Thursday, 3 Mar 2016 

Freenet AG:To propose dividend of 1.55 euros for FY 2015.Plans to propose dividend of 1.60 euros for FY 2016​.  Full Article

Freenet AG buys Media Broadcast Group for 295 mln euros, raises FY 2016 outlook
Thursday, 3 Mar 2016 

Freenet AG:Has agreed to buy transmission company Media Broadcast Group for about 295 million euros ($320 million) to expand into internet-based television activities.Raises its guidance due to acquisition, now sees 2016 EBITDA coming to slightly more than 400 million euros, compared with previous guidance for around 375 million euros.FY 2016 EBITDA 376.51 million euros - Thomson Reuters I/B/E/S.  Full Article

UPDATE 1-Permira partner takes charge of Germany's TeamViewer after execs quit

FRANKFURT, Jan 16 Private equity firm Permira has installed one of its partners as the new chief executive of German portfolio company TeamViewer, which it acquired in 2014, after the software company failed to find a buyer and its senior executives left last year.