German operator United Internet said its revenues increased by 4.7 percent year-on-year in Q1 2021 to EUR 1.39 billion. Revenues excluding hardware rose by 3.9 percent during the period to EUR 1.18 billion. EBITDA rose by 15.2 percent in Q1 to reach EUR 346.5 million and EBIT stood at EUR 230.6 million. These figures include an out-of-period positive effect of EUR 34.4 million from the fiscal year 2020 referring to the national roaming agreement signed by Drillisch with Telefonica Germany, which includes annually decreasing data prices.
Adjusted for the out-of-period positive effect on earnings from the new advance service prices, operating EBITDA improved by 3.8 percent, from EUR 300.8 million last year to EUR 312.1 million in Q1 this year, and operating EBIT by 6.5 percent to EUR 196.2 million.
Based on these figures, United Internet confirms its outlook for 2021. It continues to expect sales growth to approximately EUR 5.5 billion and an increase in EBITDA to approximately EUR 1.22 billion, without considering the out-of-period effect on earnings of EUR 34.4 million.
The number of customers grew by 280,000 to a total of 25.93 million in the first quarter of this year. Customers in the consumer access segment rose by 140,000 to 14.97 million, including 10.66 million mobile internet customers and 4.31 million broadband customers. The business applications segment added 110,000 customers to reach a total of 8.56 million. The consumer application segment added 180.000 customers and reached 41.95 million.
Revenues in the consumer access segment grew in Q1 year-on-year by 3.4 percent to EUR 965.6 million. EBITDA jumped by 23.1 percent to EUR 202.8 million. In the segment business access, revenues rose by 8.1 percent to EUR 128.3 million and EBITDA grew by 8.5 percent year-on-year in the first quarter of this year to EUR 38.2 million. Revenues increased by 8.1 percent in the segment business applications to EUR 256.2 million and EBITDA progressed by 3 percent to EUR 79.2 million. In the segment consumers applications, revenues rose by 7.4 percent in Q1 this year to EUR 65.3 million and EBITDA grew by 11.2 percent to EUR 25.9 million.
