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1&1:Quarterly Results/2024 Q1: Difference between revisions
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Return to: [https://forum.investmentwiki.org/t/q1-2024-1-1-earnings/343 Discussions] | [[1&1:Quarterly Results/2023 Q4]] | [[1&1:Quarterly Results/2023 Q3|1&1: Quarterly Results/2023 Q3]] | Q3 2023 Earnings Call Notes |[[1&1:Quarterly Results/2023 Q2]] |[[1&1:Quarterly Results]] | [[1&1]] | [[Earnings Season:2023 Q3]] | Recent Developments | Return to: [https://forum.investmentwiki.org/t/q1-2024-1-1-earnings/343 Discussions] | [[1&1:Quarterly Results/2023 Q4]] | [[1&1:Quarterly Results/2023 Q3|1&1: Quarterly Results/2023 Q3]] | Q3 2023 Earnings Call Notes |[[1&1:Quarterly Results/2023 Q2]] |[[1&1:Quarterly Results]] | [[1&1]] | [[Earnings Season:2023 Q3]] | Recent Developments | ||
== Earnings Call Summary == | |||
Video: [https://edge.media-server.com/mmc/p/j5svhiqu/ Q1 2024 Earnings call] | |||
=== Low-band spectrum === | |||
* They said they will continue with the mobile network rollout even if they didn't get the frequency. | |||
* 1&1 views the 200-300k customer net additions in 2024 as realistic. | |||
* '''If they don't get the low-band frequency, they will use the national roaming to ensure good indoor coverage, hence they will experience lower traffic which will impact the financial performance.''' | |||
* They believe there will be a way that will enable them to have access to the low-band spectrum. | |||
=== Migration === | |||
=== Antenna sites === | |||
* They still target 3,000 sites at the end of 2024. | |||
* They had 530 base stations at the end of Q1. | |||
=== Core business === | |||
* Customer additions was impacted by the migration but they can't quantify it. | |||
* They have seen aggressive offers but no reduction in pricing by competitors eg Deutsche Telecom and FreeNet. | |||
* 1&1 said the | |||
=== Outlook === | |||
* They are guiding for 80-100k net customer additions in Q2 2024. | |||
* 1&1 view the 160 million EBITDA impact by startup costs in 2024 as reasonable (they don't expect it to be higher). | |||
* They said EBITDA impact in Q2 will be high but they expect savings in the 2nd half due to migration of costumers to own network. | |||
* The biggest part of capex will be finishing the two core data centres (expected to be completed in two months). | |||
=== Vodafone agreement === | |||
* They said they expect to finalize the contract in the next few weeks. | |||
* Conversation with Vodafone is good. | |||
* Reiterated that the contract signed last year is binding. | |||
* They expect the corporation to kickoff in July, latest October. | |||
== Management Guidance and Analysts Estimates == | == Management Guidance and Analysts Estimates == | ||