IONOS Group SE with preliminary half-year results. Revenue guidance slightly reduced, earnings expectations unchanged.
EQS-Ad-hoc: IONOS Group SE / Key word(s): Half Year Results/Change in Forecast
Karlsruhe / Berlin, 12 July 2024. IONOS Group SE, the leading European digitalisation partner for small and medium-sized enterprises, announces its preliminary half-year results for 2024. Preliminary revenues increased by 6.1% to €751.7 million in the first half of 2024 (H1 2023: €708.6 million). While revenues in the core business developed as planned in the first six months of 2024, revenues in the lower-margin aftermarket business fell short of expectations due to temporary phasing effects in connection with a product launch. Although the company expects to see a significant increase in revenues in the aftermarket business as the year progresses, it is unlikely that the 2024 business plan will be achieved. The company is therefore adjusting its revenue guidance for the 2024 financial year and now expects to achieve currency-adjusted revenue growth of around 9% (previously: around 11%; 2023: €1.423 billion). In the first half of 2024, adjusted EBITDA rose as planned by 8.6% to €218.1 million (H1 2023: €200.8 million) with different phasing of marketing expenses. The adjusted EBITDA margin is expected to be around 29% in 2024 (previously around 28.5%; 2023: 27.4%), which should result in an unchanged adjusted EBITDA of around €450 million (2023: €390.3 million). For 2025, IONOS plans to achieve a percentage increase in revenue of around 10% and a further increase in the adjusted EBITDA margin to around 30%.
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Note In the interests of clear and transparent disclosure, the annual and interim financial statements of IONOS Group SE and ad hoc disclosures in accordance with Art. 17 MAR provide further key financial figures such as EBITDA, EBITDA margin, adjusted EBITDA and adjusted EBITDA margin in addition to the disclosures required by Interna-tional Financial Reporting Standards (IFRS). Information on the use, definition and calculation of these key figures can be found in the 2023 Consolidated Financial Statements of IONOS Group SE. End of Inside Information
12-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | IONOS Group SE |
Elgendorfer Straße 57 | |
56410 Montabaur | |
Germany | |
E-mail: | info@ionos-group.com |
ISIN: | DE000A3E00M1 |
WKN: | A3E00M |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange |
EQS News ID: | 1945439 |
End of Announcement | EQS News Service |
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1945439 12-Jul-2024 CET/CEST