A company sign on a United Internet building on the premises of subsidiary and Internet company 1&1. (picture alliance / dpa)
The German telecommunications and Internet service provider United Internet is continuing to make it through the coronavirus crisis in good shape. The turnover of the MDax-listed group grew in the second quarter by 3.8 percent to 1.39 billion euros, the company announced in Montabaur on Thursday. Earnings before interest, taxes, depreciation and amortization, on the other hand, fell by 3.2 percent to 319.7 million euros, but still turned out significantly better than analysts had previously feared.
A year ago, a sale of shares had brought in extraordinary earnings of 21.5 million euros. The company also invested in the construction of the planned 5G network for the telecommunications subsidiary 1&1 Drillisch, it announced. The coronavirus pandemic also had a negative impact. All in all, profits increased by 6 percent to 125.9 million euros, also due to various valuation effects of investments.
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