Freenet AG

Freenet is a telecommunications provider in Germany. Co. provides its customers a portfolio of services and products, particularly in the field of mobile voice and data services. Co. does not operate its own network, but markets mobile communication services for the mobile network operators Telekom, Vodafone, E-Plus and O2 in Germany, under its own name and on its own account. Apart from its own network-independent postpaid, no-frills and prepaid services, Co. also provides the original network operators' tariffs. Co. operates within two segments: mobile communications and other/holding.
  • TickerA0Z2ZZ
  • ISINDE000A0Z2ZZ5
  • SectorMobile Telecommunications
  • CountryGermany

Analysts

Alexandre Iatrides ...
  • Rémi Adam

ODDO : End of 5G auctions: one source of uncertainty less for DTE, VOD and TEFD, picture still fuzzy for DRI

>Record bids, the incumbents do well - After a record 497 rounds, 5G auctions in Germany concluded on Wednesday evening with total bids of € 6.55bn, close to our estimate of € 6.7bn.From round 187, bids for the 2.1 GHz spectrum were generally frozen: DTE and VOD ended with 40 MHz each, while TEFD and DRI secured 20 Mhz. In the case of 1&1 Drillisch, the blocks will be made available in 2026, which implies that: 1/ payment will be due on 30 June 2024 at the latest...

Alexandre Iatrides ...
  • Rémi Adam

ODDO : Fin des enchères 5G : une incertitude en moins pour DTE, VOD et TEFD, le flou reste entier pour DRI

>Des enchères record, les acteurs historiques s’en sortent bien - Après une durée record de 497 rounds, les enchères 5G en Allemagne se sont conclues mercredi soir avec une dépense globale de 6.55 Md€, proche de notre estimation de 6.7 Md€.Dès le round 187, les enchères sur le spectre 2.1 Ghz étaient globalement figées : DTE et VOD terminent avec 40 Mhz chacun, tandis que TEFD et DRI repartent avec 20 Mhz. Dans le cas de 1&1 Drillisch, ces blocs seront mis à disp...

Alain William ...
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Christophe Chaput
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Hela Zarrouk
  • Jean-François Granjon
  • Khaled Ben Amor
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Corby
  • Rémi Adam
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 05/09/2019

...

Alexandre Iatrides ...
  • Rémi Adam

ODDO : End of 5G auctions: one source of uncertainty less for DTE, VOD and TEFD, picture still fuzzy for DRI

>Record bids, the incumbents do well - After a record 497 rounds, 5G auctions in Germany concluded on Wednesday evening with total bids of € 6.55bn, close to our estimate of € 6.7bn.From round 187, bids for the 2.1 GHz spectrum were generally frozen: DTE and VOD ended with 40 MHz each, while TEFD and DRI secured 20 Mhz. In the case of 1&1 Drillisch, the blocks will be made available in 2026, which implies that: 1/ payment will be due on 30 June 2024 at the latest...

Alexandre Iatrides ...
  • Rémi Adam

ODDO : Fin des enchères 5G : une incertitude en moins pour DTE, VOD et TEFD, le flou reste entier pour DRI

>Des enchères record, les acteurs historiques s’en sortent bien - Après une durée record de 497 rounds, les enchères 5G en Allemagne se sont conclues mercredi soir avec une dépense globale de 6.55 Md€, proche de notre estimation de 6.7 Md€.Dès le round 187, les enchères sur le spectre 2.1 Ghz étaient globalement figées : DTE et VOD terminent avec 40 Mhz chacun, tandis que TEFD et DRI repartent avec 20 Mhz. Dans le cas de 1&1 Drillisch, ces blocs seront mis à disp...

Rémi Adam

Freenet AG : Favourable EBITDA (3% higher than consensus) but growth still lacking

>Q1 revenues in line, underlying EBITDA 3% higher than forecast - Freenet reported its Q1 earnings yesterday evening. Revenues were stable and in line with forecasts at € 690m, while EBITDA (now reported without Sunrise) rose +11.5% to € 108m, i.e. 5% higher than the consensus (ODDO BHF and consensus: € 103m). When adjusted for the impact of IFRS 16, EBITDA dropped 0.3% to € 96.5m, i.e. 3% higher than forecast.For the first time since Q1 2012, the group posted a ...

Rémi Adam

Freenet AG : EBITDA bien orienté (3%>css) mais la croissance se fait toujours attendre

>CA T1 en ligne, EBITDA sous-jacent 16 3% au-delà des attentes - Freenet a publié ses résultats du T1 hier soir. Le CA est ressorti stable et en ligne avec les attentes à 690 M€, tandis que l’EBITDA publié désormais sans Sunrise affichait +11,5% à 108 M€ soit 5% au-dessus du consensus (ODDO BHF et css : 103 M€). Retraité de l’impact IFRS 16, l’EBITDA recule de 0,3% à 96,5 M€ soit 3% au-dessus des attentes.Pour la première fois depuis le T1 2012, le groupe affiche...

Alexandre Iatrides ...
  • Rémi Adam

ODDO : Preview for United Internet, Drillisch: little at stake pending the results of the auctions...in several weeks

>Starting pistol for the auction cycle despite the appeals - As scheduled, the BundesNetzAgentur (BNetzA) today opens the auctions for 5G spectrum in Germany. As was the case for last three sessions, in 2000, 2010 and 2015, the many appeals from participants and governmental attempts to influence the calendar have failed to alter the set up. Like the previous sessions of, respectively, 18, 38 and 23 working days (premises open from 8.00 a.m. to 5.30 p.m.), the process...

1 director bought

A director at Freenet Ag bought 5,000 shares at 17.838EUR and the significance rating of the trade was 59/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board me...

Alain William ...
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Christophe Chaput
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Hela Zarrouk
  • Jean-François Granjon
  • Khaled Ben Amor
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Corby
  • Rémi Adam
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 05/09/2019

...

Alain William ...
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Hela Zarrouk
  • Jean-François Granjon
  • Khaled Ben Amor
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olivier Lebrun
  • Pierre Corby
  • Rémi Adam
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 09/05/2019

...

Alain William ...
  • Baptiste Lebacq
  • Charles Lepetitpas
  • Christophe Chaput
  • Fatma Agnès Hamdani
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jeremy Garnier
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas David
  • Nicolas Thorez
  • Olfa Taamallah
  • Olivier Lebrun
  • Oussema Denguir
  • Pierre Corby
  • Rémi Adam
  • Salma Bouraoui
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 03/01/2019

...

Alain William ...
  • Baptiste Lebacq
  • Charles Lepetitpas
  • Christophe Chaput
  • Fatma Agnès Hamdani
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jeremy Garnier
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas David
  • Nicolas Thorez
  • Olfa Taamallah
  • Olivier Lebrun
  • Oussema Denguir
  • Pierre Corby
  • Rémi Adam
  • Salma Bouraoui
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 01/03/2019

...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Olfa Taamallah
  • Rémi Adam
  • Stephane Houri
  • Veysel Taze
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/25/2019

On 30 January, Atos is to host a CMD at which we expect management to adopt an upbeat stance on targets for growth, margins and FCF to beat expectations which have been very low since October 2018. The levers to achieve these targets are credible, in our view. Cf. report published today. - ...

FREENET AG sees a downgrade to Neutral on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of FREENET AG (DE), active in the Integrated Telecommunications industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date May 4, 2018, the closing price was EUR 25.20 and its target price was estimated at EUR 23.82.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Freenet - AGM 16 May 2019

General: Supervisory Board member Marc Tüngler is Chief Managing Director of DSW, the local partner of ECGS. This report has been prepared using standard ECGS guidelines. Freenet offers its approximately 13m customers products for a digital living. The Group's operations can be split into two basic segments: Mobile Communications, and TV and Media. In the Mobile Communications segment, Freenet markets mobile communications products and services relating to mobile contracts. In the TV and Media segment, the business model consists of providing and broadcasting media content, particularly the t...

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