Announcement • Apr 03
freenet AG, Annual General Meeting, May 13, 2026 freenet AG, Annual General Meeting, May 13, 2026, at 10:00 W. Europe Standard Time. Announcement • Mar 03
freenet AG announces Annual dividend, payable on May 18, 2026 freenet AG announced Annual dividend of EUR 2.0700 per share payable on May 18, 2026, ex-date on May 14, 2026 and record date on May 15, 2026. Announcement • Jul 31
JD.com, Inc. (NasdaqGS:JD) proposed to acquire 74.65% stake in Ceconomy AG (XTRA:CEC) from Convergenta Invest GmbH, Haniel Finance Deutschland GmbH, Beisheim Holding GmbH, freenet AG (XTRA:FNTN), BC Equities GmbH & Co. KG and others for €1.7 billion. JD.com, Inc. (NasdaqGS:JD) proposed to acquire 74.65% stake in Ceconomy AG (XTRA:CEC) from Convergenta Invest GmbH, Haniel Finance Deutschland GmbH, Beisheim Holding GmbH, freenet AG (XTRA:FNTN), BC Equities GmbH & Co. KG and others for €1.7 billion on July 30, 2025. A cash consideration valued at €4.6 per share will be paid by JD.com, Inc. JD.com and CECONOMY’s founder family shareholder Convergenta Invest GmbH entered into a shareholder agreement, through Convergenta currently holds approximately 29.16% of the shares in CECONOMY. Convergenta has committed to tender 18.5 million shares, representing 3.81% stake into the offer, hence retaining a stake of around 25.35% in CECONOMY thereafter. The Bidder has also entered into agreements with Haniel Finance Deutschland GmbH, Beisheim Holding GmbH, BC Equities GmbH & Co. KG and freenet AG – who together hold approximately 27.9% irrevocably undertaken to accept offer. The aggregate shareholders have irrevocably undertaken to accept the Takeover Offer with respect to 31.7% of the CECONOMY Shares in total (including 3.81% from Convergenta), securing a total shareholding of 57.1% in combination with the retained stake of JD.com’s future partner Convergenta ahead of the launch of the Takeover Offer. Upon successful completion of the offer, JD.com intends to pursue a delisting of CECONOMY. As part of the transaction, CECONOMY will remain a stand-alone business in Europe with a local independent technology stack, and no changes are planned to the workforce, employee agreements and sites. JD.com and CECONOMY have also signed an investment agreement to drive CECONOMY as a stand-alone business and accelerate CECONOMY’s transformation into Europe’s omni-channel consumer electronics platform. JD.com, renowned for its customer experience and e-commerce logistics service standards, will contribute its advanced technology, omni-channel retail expertise, and logistics and warehouse capabilities to the partnership.
The transaction will be financed through a combination of acquisition loan and the Company’s cash on balance sheet.
The Takeover Offer will be subject to customary conditions, including, among others, merger control, foreign direct investment and foreign subsidies clearances. The Takeover Offer will not be subject to a minimum acceptance rate. The closing of the Takeover Offer is expected to take place in the first half of 2026. Subject to a careful review of the offer document in accordance with their legal obligations, CECONOMY’s Management Board and Supervisory Board intend to recommend to shareholders the acceptance of the offer proposed.
Lazard is acting as lead financial advisor to Ceconomy and J.P. Morgan is acting as financial advisor to the Supervisory Board of CECONOMY. Kirkland & Ellis is acting as legal advisor to CECONOMY. Deutsche Bank and Goldman Sachs are acting as financial advisors to JD.com and Baker McKenzie is acting as legal advisor to JD.com. Announcement • Jun 12
freenet AG (XTRA:FNTN) commences an Equity Buyback Plan under the authorization approved on May 5, 2022. freenet AG (XTRA:FNTN) commences share repurchases on June 4, 2025, under the program mandated by the shareholders in the Annual General Meeting held on May 5, 2022. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital. The purchase price per share (excluding ancillary acquisition costs) may not be more than 10% higher or lower than the average of the freenet share prices in the closing auction in the Xetra trading system on the Frankfurt Stock Exchange on the three stock exchange trading days preceding the day on which the obligation to acquire the shares was entered into. The repurchased shares will be cancelled or transferred to third parties as a (partial) consideration for the direct or indirect acquisition of companies, or to persons who are or have been in an employment or work relationship or can be used for fulfilling option or conversion rights or conversion or conversion obligations or a right to delivery of shares of the company resulting from option and/or convertible bonds. The repurchase authorization is valid till May 4, 2027.
On March 20, 2025, the company announced a share repurchase program. Under the program, the company will repurchase 4,000,000 shares, for €100 million worth of its shares. The buyback aims to reduce share capital through the cancellation of repurchased shares. Repurchases will commence from June 4, 2025 and be valid till December 31, 2025. Announcement • May 13
freenet AG announces Annual dividend, payable on May 16, 2025 freenet AG announced Annual dividend of EUR 0.7600 per share payable on May 16, 2025, ex-date on May 14, 2025 and record date on May 15, 2025. Announcement • Apr 02
freenet AG, Annual General Meeting, May 13, 2025 freenet AG, Annual General Meeting, May 13, 2025, at 10:00 W. Europe Standard Time. Announcement • Mar 06
freenet AG announces Annual dividend, payable on May 16, 2025 freenet AG announced Annual dividend of EUR 1.9700 per share payable on May 16, 2025, ex-date on May 14, 2025 and record date on May 15, 2025. Announcement • Feb 01
freenet AG to Report Fiscal Year 2024 Results on Mar 04, 2025 freenet AG announced that they will report fiscal year 2024 results After-Market on Mar 04, 2025 Reported Earnings • Nov 09
Third quarter 2024 earnings: EPS exceeds analyst expectations Third quarter 2024 results: EPS: €0.60 (up from €0.53 in 3Q 2023). Revenue: €636.7m (down 5.6% from 3Q 2023). Net income: €71.4m (up 14% from 3Q 2023). Profit margin: 11% (up from 9.3% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to stay flat during the next 3 years compared to a 2.9% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 8% per year. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: €0.55 (vs €0.15 in 1Q 2023) First quarter 2024 results: EPS: €0.55 (up from €0.15 in 1Q 2023). Revenue: €655.6m (up 1.8% from 1Q 2023). Net income: €65.0m (up 261% from 1Q 2023). Profit margin: 9.9% (up from 2.8% in 1Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • May 11
freenet AG Approves Dividend for the 2023 Financial Year, Payable on May 14, 2024 At the Annual General Meeting of freenet AG held on May 8, 2024, approved dividend of EUR 1.77 per share (previous year: EUR 1.68 per share). A total of EUR 210.5 million (previous year: EUR 199.7 million) will be distributed to freenet shareholders for the 2023 financial year. This represents a 5.4% increase in dividends per share compared to the previous year and a dividend yield of 7.0%. The payment date is May 14, 2024. Reported Earnings • Mar 27
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: €1.30 (up from €0.67 in FY 2022). Revenue: €2.70b (up 4.5% from FY 2022). Net income: €154.6m (up 95% from FY 2022). Profit margin: 5.7% (up from 3.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, while revenues in the Wireless Telecom industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Declared Dividend • Mar 03
Dividend increased to €1.77 Dividend of €1.77 is 5.4% higher than last year. Ex-date: 9th May 2024 Payment date: 13th May 2024 Dividend yield will be 6.9%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is not covered by earnings (190% earnings payout ratio). However, it is covered by cash flows (58% cash payout ratio). The dividend has increased by an average of 2.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 111% to bring the payout ratio under control. EPS is expected to grow by 92% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Nov 09
Third quarter 2023 earnings: EPS misses analyst expectations Third quarter 2023 results: EPS: €0.20 (in line with 3Q 2022). Revenue: €669.6m (up 1.7% from 3Q 2022). Net income: €23.4m (flat on 3Q 2022). Profit margin: 3.5% (in line with 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.9%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Aug 08
freenet AG to Report Q3, 2023 Results on Nov 09, 2023 freenet AG announced that they will report Q3, 2023 results on Nov 09, 2023 Reported Earnings • Aug 06
Second quarter 2023 earnings: EPS misses analyst expectations Second quarter 2023 results: EPS: €0.21 (down from €0.29 in 2Q 2022). Revenue: €662.0m (up 5.8% from 2Q 2022). Net income: €24.8m (down 27% from 2Q 2022). Profit margin: 3.7% (down from 5.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.9%. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Upcoming Dividend • May 12
Upcoming dividend of €1.68 per share at 6.4% yield Eligible shareholders must have bought the stock before 18 May 2023. Payment date: 22 May 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.4%. Within top quartile of German dividend payers (4.7%). In line with average of industry peers (6.8%). Announcement • Jan 11
freenet AG to Report Fiscal Year 2022 Results on Feb 23, 2023 freenet AG announced that they will report fiscal year 2022 results on Feb 23, 2023 Announcement • Dec 30
freenet AG to Report Q1, 2023 Results on May 04, 2023 freenet AG announced that they will report Q1, 2023 results on May 04, 2023 Reported Earnings • Nov 06
Third quarter 2022 earnings released: EPS: €0.20 (vs €0.50 in 3Q 2021) Third quarter 2022 results: EPS: €0.20 (down from €0.50 in 3Q 2021). Revenue: €669.6m (up 3.5% from 3Q 2021). Net income: €23.4m (down 62% from 3Q 2021). Profit margin: 3.5% (down from 9.4% in 3Q 2021). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 2% per year. Announcement • Oct 18
freenet AG, Annual General Meeting, May 17, 2023 freenet AG, Annual General Meeting, May 17, 2023. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: €0.29 (vs €0.34 in 2Q 2021) Second quarter 2022 results: EPS: €0.29 (down from €0.34 in 2Q 2021). Revenue: €638.6m (up 2.1% from 2Q 2021). Net income: €34.1m (down 18% from 2Q 2021). Profit margin: 5.3% (down from 6.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 2.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • May 14
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: €0.19 (down from €0.40 in 1Q 2021). Revenue: €632.8m (up 1.3% from 1Q 2021). Net income: €22.3m (down 56% from 1Q 2021). Profit margin: 3.5% (down from 8.0% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 40%. Over the next year, revenue is forecast to stay flat compared to a 1.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €21.85, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Wireless Telecom industry in Europe. Total returns to shareholders of 32% over the past three years. Upcoming Dividend • Apr 29
Upcoming dividend of €1.57 per share Eligible shareholders must have bought the stock before 06 May 2022. Payment date: 10 May 2022. Payout ratio is on the higher end at 97%, however this is supported by cash flows. Trailing yield: 5.9%. Within top quartile of German dividend payers (4.0%). In line with average of industry peers (6.2%). Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS €0.50 (vs €0.48 in 3Q 2020) The company reported a solid third quarter result with improved revenues, although earnings and profit margins were flat. Third quarter 2021 results: Revenue: €657.7m (up 2.7% from 3Q 2020). Net income: €61.0m (flat on 3Q 2020). Profit margin: 9.3% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS €0.34 (vs €0.46 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: €635.9m (up 1.4% from 2Q 2020). Net income: €41.7m (down 30% from 2Q 2020). Profit margin: 6.6% (down from 9.5% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 6% per year. Upcoming Dividend • Jun 15
Upcoming dividend of €1.65 per share Eligible shareholders must have bought the stock before 21 June 2021. Payment date: 23 June 2021. Trailing yield: 6.6%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (5.3%). Reported Earnings • May 12
First quarter 2021 earnings released: EPS €0.40 (vs €0.37 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: €624.5m (down 4.4% from 1Q 2020). Net income: €50.2m (up 5.6% from 1Q 2020). Profit margin: 8.0% (up from 7.3% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% 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. Is New 90 Day High Low • Mar 06
New 90-day high: €19.35 The company is up 14% from its price of €17.01 on 04 December 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Wireless 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 €46.51 per share. Is New 90 Day High Low • Feb 03
New 90-day high: €18.50 The company is up 10.0% from its price of €16.85 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.05 per share. Is New 90 Day High Low • Jan 07
New 90-day high: €17.60 The company is up 3.0% from its price of €17.07 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €19.93 per share. Reported Earnings • Nov 10
Third quarter 2020 earnings released: EPS €0.48 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: €654.7m (down 12% from 3Q 2019). Net income: €60.9m (up 2.3% from 3Q 2019). Profit margin: 9.3% (up from 8.0% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 19% per year.