freenet AG (OTCPK:FRTAY)

$ 14.7 0 (0%) Market Cap: 3.50 Bil Enterprise Value: 3.60 Bil PE Ratio: 13.85 PB Ratio: 2.20 GF Score: 63/100

Q3 2019 freenet AG Earnings Call Transcript

Nov 07, 2019 / 10:00AM GMT

Transcript

Operator

Good morning, ladies and gentlemen, and welcome to the freenet AG conference call regarding the results of the third quarter 2019. (Operator Instructions)

Let me now turn the floor over to your host, Mr. Vilanek.

Christoph Vilanek

freenet AG - Chairman of Executive Board & CEO

Thank you for the introduction. A warm welcome to everybody. Thanks for joining for today's call. We are looking back at a strong third quarter 2019.

I'm starting on Page 3. Revenue was slightly up, amounting approximately EUR 2.1 billion. EBITDA EUR 326 million, steady if we take it from an adjusted view, and Ingo Arnold will later on explain what the necessary or the relevant adjustments are. Free cash flow close to EUR 200 million, and the subscriber base growing across the board to approximately 8.3 million subscribers.

I'm starting on next page with the details of the subscriber base during the quarter. You might all remember that during our last call, we told you that we will recover and rebalance the postpaid customer base during the third and

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