KARLSRUHE (dpa-AFX) - Internet service provider Ionos has revised its sales forecast for the full year after the first six months. The United Internet subsidiary now expects currency-adjusted sales growth of around 9 percent, as the company announced in Karlsruhe on Friday. Previously, around 11 percent growth was planned. Although the core business with internet hosting and online storage space developed according to plan, sales in the low-margin aftermarket business fell short of expectations. As a result, the previous business plan for 2024 is no longer likely to be achieved. The SDax-listed share fell by 2.7 percent.

As a result, the operating margin measured by adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) is expected to be slightly higher at around 29 percent than previously estimated at around 28.5 percent.

In the first half of the year, the company recorded an increase in turnover of 6.1 percent to 751.7 million euros, according to preliminary figures. The operating result rose by 8.6 percent to 218.1 million euros.

In the coming year, Ionos is targeting sales growth of around 10 percent and an operating margin of around 30 percent./men/mis