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

Preliminary Q4 2019 freenet AG Earnings Call Transcript

Feb 28, 2020 / 10:00AM GMT
Christoph Vilanek
freenet AG - Chairman of Executive Board & CEO

Hello, everybody. Thanks for joining and good luck to everybody in corona times with the stocks going down 2,000 points in a week. We don't take it personal that our stock price also fell a little bit. Please take the opportunity to lead you through our view on the past year. And I'm starting on Page 4.

I can say we are -- if I look back to -- for the full year 2019, we started it with a proportion of respect for the year, also with some doubts on how we would perform. And we have all seen that the first half year in postpaid. We also saw that the market reactions, we cannot cope immediately with significant changes in the market. But for the full year, I think we can, with all confidence, say that we have met all the targets, and we have delivered 1 more time on our promises. Overall revenues, EUR 2.9 billion, the EBITDA with EUR 426.8 million in the middle of the corridor. Same goes for the free cash flow. And the subscriber base overall was growing beyond -- or more than 200,000 over the full year.

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