11.08.2021 - 00:00 Uhr

freenet AG raises 2021 guidance for EBITDA and free cash flow

Disclosure of inside information pursuant to Article 17 of Regulation (EU) No 596/2014

Büdelsdorf, 11 August 2021 - freenet AG [ISIN DE000A0Z2ZZ5] continued its profitable development also in the second quarter of this year and today raises 2021 guidance for EBITDA and free cash flow. EBITDA of between 430 and 445 million euros is now expected (previously: 415 to 435 million euros), while the Executive Board anticipates free cash flow of between 215 and 230 million euros (previously: 200 to 220 million euros). This represents an increase of 12.5 million euros in each case compared to the midpoint of the previous guidance (EBITDA: approx. +3.0%; free cash flow: approx. +6.0%).

The forecasts for the full year 2021 remain unchanged for all other financial and non-financial performance indicators.

On 12 August 2021, the freenet Group will provide detailed information regarding the business performance in the first half of 2021 and the expected course of business for the rest of the year with the publication of its half-year report 2021 and its related conference call.

The interim report will be available on the freenet Group website:

https://www.freenet-group.de/investor/publications/index.html

 

Büdelsdorf, 11 August 2021

freenet AG

The Executive Board


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Note

In the interest of clear and transparent presentation, alternative performance measures (APMs) are used in the financial statements of the freenet Group and in ad hoc disclosures pursuant to Art. 17 MAR, in addition to the disclosures defined by the International Financial Reporting Standards (IFRSs). Information on the use, definition and calculation of APMs can be found in the freenet Group 2020 Annual Report from page 46 onwards.

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Contact:

Investor Relations & ESG

freenet Group
Deelbögenkamp 4
22297 Hamburg


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