United Internet AG (UDIRF) Q4 2024 Earnings Call Transcript

2025-03-27 14:44:50 ET

United Internet AG (UDIRF)

Q4 2024 Earnings Conference Call

March 27, 2025 09:30 a.m. ET

Company Participants

Ralph Dommermuth - Chief Executive Officer

Carsten Theurer - Chief Financial Officer

Conference Call Participants

Polo Tang - UBS

Simon Stippig - Warburg Research

Volker Glaser - MPPM

Siyi He - Citigroup

Karsten Oblinger - DZ Bank

Klaus Schlote - Solventis

Presentation

Unidentified Company Representative

Right, good afternoon ladies and gentlemen, dear guests, welcome to the Analysts and Investors Conference of United Internet. I'm very happy to be able to welcome you here in person and I obviously also welcome those guests who are here by webcast.

Now, let's quickly look at today's agenda. I mean, firstly, Mr. Dommermuth is going to be taking the floor and presenting the company development in 2024, and also take a look at what we're expecting for 2025. And then Carsten Theurer is going to share the financial year 2024 results with you. And then obviously at the end there'll be ample time for a proper Q&A session.

Mr. Dommermuth, the floor is yours.

Ralph Dommermuth

Good afternoon, ladies and gentlemen. I think many of you I've already seen and personally welcomed. Many of you were already in the meeting for 1&1. I hope you won't be bored. I am in charge of corporate development and will also give you the outlook for 2025. My colleague Carsten Theurer is going to go into the nitty-gritty details of the financials in 2024.

You know, we're reporting in four segments; applications, Internet access for consumers, private consumers and business customers. We have 11,000 employees and we have a good infrastructure, transportation network, 66,000 kilometers of fiber networks, 5G mobile networks and over 100,000 servers who are running into computing centers in the whole of Europe and the U.S.

We are offering our products via different brands and investments, predominantly via the brand 1&1, our most important brand. But in addition to that, we have brands such as Uofone or Smartmobil or winSIM.

In the business customer business, we have 1&1, Versatel. For consumers, GMX, WEB.DE and Mail.com and United Internet Media. Business customers, we have IONOS predominantly and their subsidiaries where all of whom we also have grown inorganically by buying companies, particularly in Spain, in Britain, Poland and other countries. And then we've got certain minority shareholdings as well. ...

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