Trade Freenet AG - FNTN CFD

Freenet Company profile

About freenet AG

freenet AG is a Germany-based network-independent telecommunications provider. The Company's main activities are divided into two segments: The Mobile Communications segment and Other. The Mobile Communications segment offers a product portfolio of voice and data services for the mobile communication operators T-mobile, Vodaphone, E-plus and O2, as well as buying mobile communications services from the network operators and selling them to its end customers. The sale of mobile communications devices and rendering of sales services are included in this portfolio. The Other segment focuses on development of communication solution, Enhanced Digital Printing (EDP) services and information technology (IT) solutions, as well as rendering of portal services such as e-commerce, advertising and online shopping.

Financial summary

BRIEF: For the nine months ended 30 September 2021, freenet AG revenues decreased 1% to EUR1.88B. Net income before extraordinary items decreased 2% to EUR152.8M. Revenues reflect Mobile Communications segment decrease of 2% to EUR1.66B, Average Revenue per User/ Contract IFRS decrease of 1% to EUR18.1. Net income also reflects Depreciation/Amortization increase of 27% to EUR151.4M (expense).