Revenue distribution by industry:

• Telecommunications: approx. 60%
• Internet Services: approx. 30%
• Cloud and Hosting: approx. 10%

TOP 3 markets and their percentage shares:

• Germany: approx. 70%
• Europe (excluding Germany): approx. 20%
• USA: approx. 10%

United Internet AG generates the majority of its revenue from the telecommunications sector, followed by Internet Services and cloud services. The German market is by far the largest market for the company, followed by other European countries and the USA. This distribution reflects the strong market presence and strategic focus on the domestic market while also leveraging international expansion opportunities.

Production Sites: Mainly in Germany

United Internet AG is a leading internet service company, primarily known for its brands like 1&1. The company does not produce physical products in the traditional sense, but mainly offers digital services and internet solutions.

The technical infrastructures, such as data centers, are mainly located in Germany. These data centers are crucial for providing their internet and hosting services. United Internet continuously invests in expanding and modernizing these facilities to meet growing demands and ensure data security.

Revenue Growth: Estimated 5-7% annually (2025-2027)

Profit Growth: Estimated 4-6% annually (2025-2027)

United Internet AG is pursuing a growth strategy based on expanding its digital services and strengthening its market position in the internet and telecommunications services sector. The company plans to further develop its infrastructure, particularly in the expansion of fiber optics and 5G technology.

Another focus is on expanding the product portfolio through strategic partnerships and acquisitions to tap into new markets and deepen existing customer relationships. Investments in innovative technologies and the digitization of internal processes are also intended to increase efficiency and enhance competitiveness.

In addition, United Internet is committed to sustainable business practices and reducing its ecological footprint, which is expected to contribute to attractiveness for investors in the long term.

Commodities/Materials: Fiber optic cables, electronic components

Countries of origin: China, South Korea, Germany

United Internet AG, as a telecommunications and internet service provider, heavily relies on the import of fiber optic cables and electronic components. These materials are crucial for the expansion and maintenance of their network infrastructure.

China and South Korea are leading manufacturers of fiber optic cables and electronic components, which is why a large portion of these materials is imported from these countries. Germany also plays a role, especially in the procurement of high-quality electronic components that are locally produced.

This import strategy enables United Internet AG to maximize their network efficiency while optimizing costs.

Market share in the German telecommunications market: approximately 10% (estimated, 2025)
Revenue growth: 5% (2024)
EBITDA margin: 20% (2024)

United Internet AG has a solid competitive advantage in the German telecommunications market, particularly through its strong presence in internet services and web hosting. With an estimated market share of around 10% in the German telecommunications market, the company positions itself as one of the leading providers.

The company benefits from its established brand and a wide range of services that appeal to both private and business customers. Continuous investment in infrastructure and technology further strengthens its position.

The EBITDA margin of 20% demonstrates an efficient cost structure and the ability to generate profits from revenue. This enables United Internet to invest in research and development and launch innovative products, further solidifying its competitive advantage.

Institutional Investor Share: Approx. 40% (estimated for 2025 based on historical data)

Insider Buys/Sells: No significant transactions in the last year (2024)

The institutional investor share at United Internet AG traditionally stands at around 40%. This estimate is based on the latest available data and typical industry ratios.

In 2024, there were no significant insider transactions, which could indicate a stable trust by the management in the company's future development. Such information is important for investors as it provides insights into the management's assessments regarding the future performance.

Market share of United Internet AG: 8% (2025, estimate)

Main competitors and their market shares:

1. Deutsche Telekom AG: 35%
2. Vodafone Group: 25%
3. Telefónica Deutschland Holding AG: 20%
4. 1&1 AG (subsidiary of United Internet): 10%
5. United Internet AG: 8%
6. Drillisch AG: 2%

Economic moat of United Internet AG:

United Internet AG has a moderate economic moat, mainly characterized by its strong brand presence and the diversification of its services. The subsidiary 1&1 AG significantly contributes to its market position, especially in the internet services and mobile phone contracts sector.

In comparison to larger competitors like Deutsche Telekom and Vodafone, which have more extensive network infrastructures and larger customer bases, the economic moat of United Internet is less pronounced. These companies benefit from significant economies of scale and a broader international network, giving them a stronger competitive advantage.

However, United Internet can strengthen its position through innovative products and targeted acquisitions. A focus on technological developments and customer satisfaction could lead to a stronger economic moat in the long term if it manages to differentiate itself from competitors in specific niches.

Revenue growth: 6.5% (2024) Profit growth: 4.2% (2024) Market share in the telecommunications sector: 12% (2024)

United Internet AG recorded a revenue growth of 6.5% in 2024, indicating stable demand for its internet and telecommunications services. The profit growth of 4.2% shows that the company was able to increase its profitability despite market challenges.

The 12% market share in the telecommunications sector highlights United Internet AG's strong position in a competitive environment. The company continuously invests in expanding its infrastructure and innovative technologies, which could lead to further strengthening of its market position in the long term.

Long-term investors could benefit from the stable market position and continuous investments in growth. However, potential investors should also keep an eye on general market conditions and the competitive situation to make an informed investment decision.

Dividend: 0.50 EUR per share (2024)

United Internet AG has paid out a consistent dividend in recent years. In 2024, the dividend was 0.50 EUR per share. This demonstrates a certain reliability in the company's dividend distribution policy.

United Internet AG's dividend policy is aimed at providing shareholders with a stable and reliable return. Historically, the company has regularly paid dividends, indicating a solid financial foundation and sustainable earnings power. Analysts view the payout as relatively stable, as long as no significant market changes or internal financial challenges arise.