Backed by last year's sales and earnings growth, United Internet expects this trend to continue.

Subsidiaries 1&1 and Ionos also presented encouraging figures on Thursday, with the latter once again outperforming its parent company in terms of growth. At 1&1, the costs of setting up its own mobile network weighed on profits. "All in all, we can look back on a successful 2023 and are optimistic about 2024," said CEO Ralph Dommermuth. "We are making good progress."

Supported by a sustained influx of customers, the internet provider United Internet increased its revenues in 2023 by five percent to 6.21 billion euros and its adjusted operating result by 2.2 percent to 1.3 billion euros. At web host and cloud provider Ionos, revenue growth was twice as high thanks to robust business with new and existing customers. The operating result even increased around six times as much as the parent company. Although the mobile communications provider 1&1 also attracted new customers and generated higher revenues, its operating profit shrank by 5.7 percent.

On this basis, all three companies confirmed their growth targets for 2024, but were still unable to attract new investors. United Internet shares fell by four percent and those of the two subsidiaries by up to 5.3 percent. Stock market analysts were unable to name an immediate trigger for the sales. The figures presented were in line with market expectations.

(Report by Hakan Ersen, edited by Olaf Brenner. If you have any questions, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and the economy) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).)