Aankondiging • May 02
Liberty Global Ltd., Annual General Meeting, Jun 23, 2026 Liberty Global Ltd., Annual General Meeting, Jun 23, 2026. Location: rosewood bermuda, 60 tuckers point drive, hamilton parish, hs 2, Bermuda Aankondiging • Mar 25
Liberty Global Ltd. to Report Q1, 2026 Results on May 01, 2026 Liberty Global Ltd. announced that they will report Q1, 2026 results Pre-Market on May 01, 2026 Aankondiging • Nov 25
Liberty Global Ltd. to Report Fiscal Year 2025 Results on Feb 18, 2026 Liberty Global Ltd. announced that they will report fiscal year 2025 results Pre-Market on Feb 18, 2026 Aankondiging • Oct 29
Liberty Global Ltd. Announces Board Changes Liberty Global Ltd. announced that Dr. John C. Malone, Chairman of board of directors, will step down from the Board effective January 1, 2026 and transition to Chairman Emeritus. In this capacity, Dr. Malone will continue to provide active counsel and strategic insight to Liberty Global and may attend board meetings, but will not have a formal vote on Board matters. Dr. Malone serves as chairman of the Company’s Succession Planning Committee and is a member of the Company’s Executive Committee, and his decision to retire as a director of the Company is not the result of any dispute or disagreement with the Company on any matter relating to the operations, policies or practices of the Company. Mike Fries, Liberty Global’s Chief Executive Officer and Vice Chairman, will succeed Dr. Malone as Chairman of the Board. Mr. Fries has served as CEO since the Company’s formation in 2005 and was a co-founder of its predecessor more than 35 years ago. He also currently serves as Chairman of Liberty Latin America Ltd. and Sunrise Communications AG, two previous spin-offs of Liberty Global. Following Dr. Malone’s resignation, the Board will be composed of ten directors, nine of whom will be independent. Aankondiging • Sep 04
Liberty Global Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Liberty Global Ltd. announced that they will report Q3, 2025 results Pre-Market on Oct 30, 2025 Aankondiging • Jun 24
Liberty Global Ltd. to Report Q2, 2025 Results on Aug 01, 2025 Liberty Global Ltd. announced that they will report Q2, 2025 results on Aug 01, 2025 Aankondiging • Apr 12
Liberty Global Ltd., Annual General Meeting, May 27, 2025 Liberty Global Ltd., Annual General Meeting, May 27, 2025. Location: rosewood bermuda, 60 tuckers point drive, hamilton parish, hs 02 bermuda, United States Aankondiging • Feb 19
Liberty Global Ltd. Provides Earnings Guidance for the Year 2025 Liberty Global Ltd. provided earnings guidance for the year 2025. For the year, the company expects to deliver growth in revenue (excluding handsets and the impact of nexfibre construction). Aankondiging • Dec 11
Liberty Global Ltd. to Report Fiscal Year 2024 Results on Feb 18, 2025 Liberty Global Ltd. announced that they will report fiscal year 2024 results on Feb 18, 2025 Aankondiging • Nov 09
Liberty Global Ltd. completed the Spin-Off of Sunrise Communications AG (NasdaqGS:SNRE.V). Liberty Global Ltd. agreed to Spin-Off Sunrise Gmbh on February 16, 2024. The proposed spin-off is expected to be tax-free for Liberty Global US shareholders with evaluation of tax treatment in other jurisdictions ongoing and is subject to market conditions, board approval of the final terms of the spin-off, Liberty Global shareholder approval and other customary conditions. As of October 15, 2024, the record date has been set at November 4, 2024.
The listing of Sunrise on the SIX Swiss Exchange is planned for 2nd Half of 2024. As of July 8, 2024, the listing of Sunrise on the SIX Swiss Exchange is planned for Quarter four of 2024. The transaction is expected to close in Q4 2024. As of October 15, 2024 distribution of shares is expected to be closed on November 12, 2024. JPMorgan Chase Bank, N.A. acted as depository bank to sunrise Gmbh. JPMorgan Chase & Co. and UBS Group AG acted as financial advisor to Liberty Global Ltd.
Liberty Global Ltd. completed the Spin-Off of Sunrise Gmbh on November 8, 2024. The completion follows the approval of the transaction at a special meeting of Liberty Global shareholders on October 25, 2024. Reported Earnings • Oct 30
Third quarter 2024 earnings released: US$3.95 loss per share (vs US$1.59 profit in 3Q 2023) Third quarter 2024 results: US$3.95 loss per share (down from US$1.59 profit in 3Q 2023). Revenue: US$1.94b (up 4.4% from 3Q 2023). Net loss: US$1.43b (down 318% from profit in 3Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 2.3% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Aankondiging • Sep 19
Liberty Global Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Liberty Global Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Recent Insider Transactions • Sep 18
Independent Director recently sold €687k worth of stock On the 16th of September, Miranda T. Curtis sold around 38k shares on-market at roughly €18.27 per share. This transaction amounted to 61% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €687k. Insiders have been net sellers, collectively disposing of €1.9m more than they bought in the last 12 months. Recent Insider Transactions • Aug 02
Independent Director recently sold €687k worth of stock On the 29th of July, Miranda T. Curtis sold around 38k shares on-market at roughly €18.09 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.3m more than they bought in the last 12 months. Reported Earnings • Jul 26
Second quarter 2024 earnings released: EPS: US$0.72 (vs US$1.13 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.72 (up from US$1.13 loss in 2Q 2023). Revenue: US$1.87b (up 1.4% from 2Q 2023). Net income: US$268.1m (up US$767.7m from 2Q 2023). Profit margin: 14% (up from net loss in 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 1.7% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Aankondiging • Jul 08
Liberty Global Reportedly Evaluates the Possibility of Selling Shareholding in its Sunrise Communications Group Liberty Global Ltd. (NasdaqGS:LBTY.A) is evaluating the possibility of selling a shareholding in its Swiss subsidiary Sunrise Communications Group AG in a deal that could value the business at between CHF 8 billion (USD 8.9 billion/EUR 8.2 billion) and CHF 9 billion, Reuters reported on July 6, 2024. According to unnamed sources cited by the new agency, Liberty Global has been in discussions with several investors including Swiss family offices. The possible transaction is expected to take place before the spin-off of Sunrise, which is planned for the final quarter of 2024. A spokesperson for Liberty Global did not comment on the information when contacted by Reuters. The spokesperson, however, confirmed that the company still plans to provide CHF 1.5 billion to lower Sunrise’s leverage before the spin-off. Liberty Global acquired Sunrise in 2020 in a deal valuing the Swiss company at CHF 6.8 billion, including debt. Aankondiging • Jun 19
Liberty Global Ltd. to Report Q2, 2024 Results on Jul 25, 2024 Liberty Global Ltd. announced that they will report Q2, 2024 results on Jul 25, 2024 Aankondiging • Jun 14
Liberty Global Ltd. (NasdaqGS:LBTY.A) agreed to acquire an additional unknown minority stake in Formula E Operations Limited from Warner Bros. Discovery, Inc. (NasdaqGS:WBD). Liberty Global Ltd. (NasdaqGS:LBTY.A) agreed to acquire an additional unknown minority stake in Formula E Operations Limited from Warner Bros. Discovery, Inc. (NasdaqGS:WBD) on June 13, 2024. After completion of transaction, Liberty Global will hold 65% stake in Formula E. The transaction is subject to approval by regulatory board / committee. The transaction is expected to complete before year end. Aankondiging • May 17
RedBird IMI a fund managed by RedBird Capital Partners LLC and International Media Investments FZ LLC completed the acquisition of All3Media Limited from Warner Bros. Discovery, Inc. (NasdaqGS:WBD) and Liberty Global Ltd. (NasdaqGS:LBTY.A). RedBird IMI a fund managed by RedBird Capital Partners LLC and International Media Investments FZ LLC agreed to acquire All3Media Limited from Warner Bros. Discovery, Inc. (NasdaqGS:WBD) and Liberty Global Ltd. (NasdaqGS:LBTY.A) for £1.15 billion on February 15, 2024. As a part of acquisition, Jeff Zucker and Gerry Cardinale‘s RedBird IMI takes control of a 50-label outfit with production entities across the world that owns the likes of Fleabag maker Two Brothers Pictures, Traitors producer Studio Lambert and 1917’s Neal Street. Post completion of the acquisition, Jeff Zucker, the Chief Executive Officer of RedBird IMI, will become the chairman of the All3Media board. Jane Turton (Chief Executive Officer) and Sara Geater (Chief Operating Officer) will continue to lead the company for RedBird IMI. As a part of acquisition, around 250 people are being laid off at one of All3’s main clients, Channel 4, and several UK production labels have been shuttered in recent weeks. All3Media revenues rocketed 17% to £1B ($1.3B) last year, as we revealed in late June. EBITDA shot up by a similar proportion to £100 million and total group operating profit was up from £26 million to £40 million. The transaction is subject to regulatory approvals and is expected to close in Q2 or Q3 of this year. As of April 2024, Regulatory clearance was obtained. As of May 1, 2024, the transaction was expected to close in the second quarter of 2024.RedBird Advisors acted as financial advisor to RedBird IMI and RedBird Capital Partners, and Gibson, Dunn & Crutcher LLP acted as its legal advisor. JP Morgan acted as financial advisor to Warner Bros. Discovery and Liberty Global, and Robert Bishop, Jon Kenworthy, David Beech, Alexandra Kamerling, Mark Dwyer, Ben Brown, Nick Fitzpatrick, Danny McMann and Jesse Dalton of DLA Piper acted as their legal advisor.RedBird IMI a fund managed by RedBird Capital Partners LLC and International Media Investments FZ LLC completed the acquisition of All3Media Limited from Warner Bros. Discovery, Inc. (NasdaqGS:WBD) and Liberty Global Ltd. (NasdaqGS:LBTY.A) on May 16, 2024. As a part of closing, the deal has been approved by regulators in the United States, United Kingdom and Germany. Jeff Zucker, the Chief Executive Officer of RedBird IMI, has become the chairman of the All3Media board. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$1.35 (vs US$1.59 loss in 1Q 2023) First quarter 2024 results: EPS: US$1.35 (up from US$1.59 loss in 1Q 2023). Revenue: US$1.95b (up 4.1% from 1Q 2023). Net income: US$510.0m (up US$1.23b from 1Q 2023). Profit margin: 26% (up from net loss in 1Q 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Aankondiging • Apr 10
Liberty Global Ltd. to Report Q1, 2024 Results on May 01, 2024 Liberty Global Ltd. announced that they will report Q1, 2024 results on May 01, 2024 Aankondiging • Apr 04
Liberty Global Ltd., Annual General Meeting, May 21, 2024 Liberty Global Ltd., Annual General Meeting, May 21, 2024, at 15:00 US Eastern Standard Time. Location: Rosewood Bermuda, 60 Tucker’s Point Drive Hamilton Parish, HS 02 Bermuda Hamilton Parish Bermuda Agenda: To consider proposal to elect John C. Malone, Michael T. Fries, Paul A. Gould and Larry Romrell to serve as Class II members of company board of directors until the 2027 Annual General Meeting of Shareholders or until one or more of their successors in interest is appointed; and to consider proposal to ratify the selection of KPMG LLP as Liberty Global’s independent auditor for the year ending December 31, 2024. Buy Or Sell Opportunity • Apr 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.9% to €14.93. The fair value is estimated to be €18.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Meanwhile, the company became loss making. For the next 3 years, revenue is forecast to grow by 0.5% per annum. Earnings are also forecast to grow by 73% per annum over the same time period. Aankondiging • Mar 06
Liberty Global Ltd. Announces Appointment of Severina Pascu as Senior Vice President, Effective from March 15, 2024 Liberty Global Ltd. announced the appointment of Severina Pascu as Senior Vice President Since joining Liberty Global in 2007 as CFO of UPC Romania, Severina has held leadership positions in many of Liberty Global’s European operations, including helping lead the turnaround of UPC Switzerland as CEO before moving to Virgin Media as CFO and Deputy CEO, supporting the transformation of the UK business. Most recently, Severina was instrumental in driving and shaping the successful merger of Sunrise and UPC Switzerland as Deputy CEO and Chief Commercial Officer for Sunrise. Prior to joining Liberty Global, Ms. Pascu held a number of senior management positions in leading international companies. From 2005 until 2007, she held an executive position at CAIB Romania, one of the main investment banks in Central Europe. Between 2000 and 2005 she was part of the management of US telecommunications company Metromedia International. Ms. Pascu, a graduate of the Bucharest Academy of Economic Studies, began her career in 1996 at KPMG Romania. She will start in her new role on March 15, 2024. Reported Earnings • Feb 16
Full year 2023 earnings released Full year 2023 results: Revenue: US$7.49b (up 4.1% from FY 2022). Net loss: US$4.05b (down US$4.64b from profit in FY 2022). Revenue is forecast to stay flat during the next 3 years compared to a 1.5% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Aankondiging • Feb 01
Liberty Global Ltd. to Report Q4, 2023 Results on Feb 15, 2024 Liberty Global Ltd. announced that they will report Q4, 2023 results on Feb 15, 2024 Aankondiging • Dec 11
Banijay Reportedly Pulls Out of Race for All3Media Banijay Group S.A.S., the French TV production group owned by FL Entertainment, has pulled out of talks to buy British rival All3Media Limited, said three people with knowledge of the matter. All3Media's joint owners, Liberty Global Ltd. (NasdaqGS:LBTY.A) and Warner Bros. Discovery, Inc. (NasdaqGS:WBD), are instead pursuing a deal with another buyer with the hopes of agreeing a deal by Christmas, one of the people said. The identity of this bidder could not be learned by Reuters. Bidders submitted binding offers for the 'Fleabag' and 'The Traitors' maker last month, with the owners seeking a price of around GBP 1.3 billion ($1.64 billion), Reuters reported last month. But Banijay, which makes 'Big Brother', 'Survivor' and 'Black Mirror', dropped out earlier this week after it did not meet the seller's price expectations, two of the people said, speaking on condition of anonymity. Spokespeople for Banijay, Liberty Global and Warner Bros. declined to comment. Aankondiging • Nov 25
Liberty Global plc Files Form 15 Liberty Global plc has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Class A ordinary shares, Class B ordinary shares, and Class C ordinary shares under the Securities Exchange Act of 1934, as amended. The par value of the company's Class A ordinary shares, Class B ordinary shares, and Class C ordinary shares were $0.01 per share. Recent Insider Transactions • Nov 19
Independent Director recently sold €464k worth of stock On the 17th of November, Miranda T. Curtis sold around 31k shares on-market at roughly €14.88 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €647k more than they bought in the last 12 months. Aankondiging • Nov 03
Liberty Global plc Reiterates Revenue Guidance for the Year 2023 Liberty Global plc reiterated revenue guidance for the year 2023. For the year, the company reiterated Revenue growth (rebased): Between 1-2%. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: US$1.64 (vs US$4.92 in 3Q 2022) Third quarter 2023 results: EPS: US$1.64 (down from US$4.92 in 3Q 2022). Revenue: US$1.85b (up 6.2% from 3Q 2022). Net income: US$659.2m (down 72% from 3Q 2022). Profit margin: 36% (down from 135% in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Aankondiging • Sep 13
Liberty Global plc to Report Q3, 2023 Results on Oct 31, 2023 Liberty Global plc announced that they will report Q3, 2023 results on Oct 31, 2023 Aankondiging • Jul 26
Liberty Global plc Provides Earnings Guidance for the Year 2023 Liberty Global plc provided earnings guidance for the year 2023. On a reported basis, the company expected revenue growth for the full year 2023 would be between 1-2% (FY 2022 rebased: €2,812.7 million). Reported Earnings • Jul 25
Second quarter 2023 earnings released: US$1.13 loss per share (vs US$3.87 profit in 2Q 2022) Second quarter 2023 results: US$1.13 loss per share (down from US$3.87 profit in 2Q 2022). Revenue: US$1.85b (up 5.3% from 2Q 2022). Net loss: US$499.6m (down 126% from profit in 2Q 2022). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Aankondiging • Jul 23
Liberty Global plc Announces Appointment of Tony Werner to Board of Directors Liberty Global plc announced the addition of Tony Werner to its Board of Directors. For 16 years, Mr. Werner previously served as Chief Technology Officer and then President, Technology, Products and Experience at Comcast Cable, part of Comcast Corporation, a global media and technology company which delivers world-class broadband, wireless, and video through Xfinity and Comcast Business in the US, and Sky in Europe. Through its affiliates, Comcast also produces, distributes, and streams leading entertainment, sports, and news with brands that include NBC, Telemundo, Universal, Peacock, and Sky. Prior to Comcast, Mr. Werner served as Senior Vice President and Chief Technology Officer for Liberty Global, where he led the company's global strategy for video, voice and data services. He has more than 40 years of engineering and technical management experience, having also held senior management positions with Qwest Communications, Aurora Networks, TeleCommunications Inc., AT&T Broadband, and Rogers Communications. Mr. Werner served as President and Chairman of the Board of Directors of the Society of Cable Telecommunications Engineers (SCTE) and the SCTE Foundation from 2015-2017. He has been inducted into the Broadcasting & Cable Hall of Fame, as well as the Cable Hall of Fame. In 2000, he received the NCTA Vanguard award for Science and Technology and in 2016 he received a Technical Emmy award for Lifetime Achievement. Aankondiging • Jun 10
Liberty Global plc, Annual General Meeting, Jul 13, 2023 Liberty Global plc, Annual General Meeting, Jul 13, 2023, at 17:00 Mountain Daylight. Location: 1550 Wewatta Street, Suite 1000, Denver Colorado United States Agenda: To approve the scheme and give the board the authority to carry out the procedural actions necessary to implement the scheme; to authorize the reduction of the company's share capital associated with the cancellation and extinguishment of the scheme shares; to approve the issuance of the new shares to new liberty as part of the scheme such that liberty global will become a wholly owned subsidiary of new liberty; to amend the articles to ensure that any additional liberty shares issued pursuant to the liberty equity incentive plans, or otherwise, are, dependent on timing, subject to the scheme or exchanged for new liberty shares; and to approve the adjournment of the general meeting, if necessary, to solicit additional votes if there are insufficient votes in favor of the scheme resolutions. Aankondiging • May 26
Liberty Global plc to Report Q2, 2023 Results on Jul 24, 2023 Liberty Global plc announced that they will report Q2, 2023 results on Jul 24, 2023 Reported Earnings • May 10
First quarter 2023 earnings released: US$1.59 loss per share (vs US$1.93 profit in 1Q 2022) First quarter 2023 results: US$1.59 loss per share (down from US$1.93 profit in 1Q 2022). Revenue: US$1.87b (flat on 1Q 2022). Net loss: US$721.4m (down 172% from profit in 1Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$1.21 (vs US$24.01 in FY 2021) Full year 2022 results: EPS: US$1.21 (down from US$24.01 in FY 2021). Revenue: US$7.20b (down 30% from FY 2021). Net income: US$592.2m (down 96% from FY 2021). Profit margin: 8.2% (down from 129% in FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 15
Liberty Global plc (NasdaqGS:LBTY.A) acquired 4.92% stake in Vodafone Group Public Limited Company (LSE:VOD). Liberty Global plc (NasdaqGS:LBTY.A) acquired 4.92% stake in Vodafone Group Public Limited Company (LSE:VOD) on February 13, 2023. At current market prices, the stake purchased by Liberty Global is worth £1.22 billion. The transaction was principally funded through an attractive non-recourse financing, requiring equity funding from Liberty Global of approximately £225 million.
Liberty Global plc (NasdaqGS:LBTY.A) completed the acquisition 4.92% stake in Vodafone Group Public Limited Company (LSE:VOD) on February 13, 2023. Aankondiging • Jan 11
Liberty Global plc to Report Fiscal Year 2022 Results on Feb 22, 2023 Liberty Global plc announced that they will report fiscal year 2022 results at 4:00 PM, US Eastern Standard Time on Feb 22, 2023 Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$4.92 (vs US$0.50 in 3Q 2021) Third quarter 2022 results: EPS: US$4.92 (up from US$0.50 in 3Q 2021). Revenue: US$1.75b (down 8.2% from 3Q 2021). Net income: US$2.35b (up US$2.07b from 3Q 2021). Revenue is forecast to stay flat during the next 3 years compared to a 3.4% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Aug 19
Senior VP & Chief Accounting Officer recently sold €163k worth of stock On the 16th of August, Jason Waldron sold around 8k shares on-market at roughly €21.71 per share. In the last 3 months, there was an even bigger sale from another insider worth €561k. Insiders have been net sellers, collectively disposing of €2.1m more than they bought in the last 12 months. Recent Insider Transactions • Aug 12
Senior VP & Chief Accounting Officer recently sold €166k worth of stock On the 8th of August, Jason Waldron sold around 8k shares on-market at roughly €21.18 per share. In the last 3 months, there was an even bigger sale from another insider worth €561k. Insiders have been net sellers, collectively disposing of €1.9m more than they bought in the last 12 months. Reported Earnings • Jul 31
Second quarter 2022 earnings released: EPS: US$3.87 (vs US$19.94 in 2Q 2021) Second quarter 2022 results: EPS: US$3.87 (down from US$19.94 in 2Q 2021). Revenue: US$1.75b (down 41% from 2Q 2021). Net income: US$1.94b (down 83% from 2Q 2021). Over the next year, revenue is expected to shrink by 2.3% compared to a 2.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jun 10
Executive VP & CFO recently sold €561k worth of stock On the 8th of June, Charles H. Bracken sold around 25k shares on-market at roughly €22.46 per share. This was the largest sale by an insider in the last 3 months. Charles H. has been a seller over the last 12 months, reducing personal holdings by €1.2m. Reported Earnings • May 11
First quarter 2022 earnings released First quarter 2022 results: Revenue: US$1.85b (down 49% from 1Q 2021). Net income: US$1.00b (down 28% from 1Q 2021). Profit margin: 54% (up from 38% in 1Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 13% compared to a 2.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 129% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Apr 03
Senior VP & Chief Accounting Officer recently sold €267k worth of stock On the 29th of March, Jason Waldron sold around 11k shares on-market at roughly €23.67 per share. In the last 3 months, there was an even bigger sale from another insider worth €460k. Insiders have been net sellers, collectively disposing of €1.5m more than they bought in the last 12 months. Reported Earnings • Feb 18
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: US$10.3b (down 14% from FY 2020). Net income: US$13.3b (up US$15.0b from FY 2020). Revenue missed analyst estimates by 2.0%. Over the next year, revenue is expected to shrink by 26% compared to a 2.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Dec 13
Executive VP & CFO recently sold €222k worth of stock On the 8th of December, Charles H. Bracken sold around 9k shares on-market at roughly €24.26 per share. This was the largest sale by an insider in the last 3 months. Charles H. has been a seller over the last 12 months, reducing personal holdings by €728k. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS US$0.50 (vs US$1.73 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: US$1.90b (down 36% from 3Q 2020). Net income: US$274.0m (up US$1.30b from 3Q 2020). Profit margin: 14% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS US$19.93 (vs US$0.86 loss in 2Q 2020) Second quarter 2021 results: Revenue: US$3.11b (up 14% from 2Q 2020). Net income: US$11.1b (up US$11.7b from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Recent Insider Transactions • May 13
Executive VP & CFO recently sold €506k worth of stock On the 7th of May, Charles H. Bracken sold around 22k shares on-market at roughly €22.81 per share. This was the largest sale by an insider in the last 3 months. Charles H. has been a seller over the last 12 months, reducing personal holdings by €1.0m. Reported Earnings • May 06
First quarter 2021 earnings released: EPS US$2.44 (vs US$1.51 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$3.62b (up 26% from 1Q 2020). Net income: US$1.39b (up 46% from 1Q 2020). Profit margin: 38% (up from 33% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 18
Full year 2020 earnings released: US$2.70 loss per share (vs US$2.16 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: US$12.0b (up 3.8% from FY 2019). Net loss: US$1.63b (loss widened 6.7% from FY 2019). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 18
Revenue beats expectations Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 18%, compared to a 6.9% growth forecast for the Telecom industry in Germany. Is New 90 Day High Low • Jan 06
New 90-day high: €21.31 The company is up 20% from its price of €17.73 on 08 October 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €53.36 per share. Recent Insider Transactions • Jan 06
Senior VP & Chief Development Officer recently sold €241k worth of stock On the 30th of December, Andrea Salvato sold around 12k shares on-market at roughly €20.08 per share. In the last 3 months, there was an even bigger sale from another insider worth €534k. Insiders have been net sellers, collectively disposing of €1.7m more than they bought in the last 12 months. Is New 90 Day High Low • Dec 03
New 90-day high: €19.63 The company is up 2.0% from its price of €19.16 on 04 September 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Telecom industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €35.73 per share. Recent Insider Transactions • Nov 26
Executive VP & CFO recently sold €534k worth of stock On the 20th of November, Charles H. Bracken sold around 28k shares on-market at roughly €19.25 per share. This was the largest sale by an insider in the last 3 months. This was Charles H.'s only on-market trade for the last 12 months. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue beats expectations Revenue exceeded analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 1.7%, compared to a 12% growth forecast for the Telecom industry in Germany. Reported Earnings • Nov 07
Third quarter 2020 earnings released: US$1.75 loss per share The company reported a soft third quarter result with weaker earnings and control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: US$2.95b (up 4.0% from 3Q 2019). Net loss: US$1.02b (down 286% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 29
New 90-day low: €16.65 The company is down 16% from its price of €19.91 on 30 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €94.27 per share. Is New 90 Day High Low • Oct 02
New 90-day low: €17.08 The company is down 14% from its price of €19.83 on 03 July 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €84.26 per share. 
