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 2024 freenet AG Earnings Call Transcript

Nov 08, 2024 / 09:00AM GMT

Release Date Price: $15.8 (+7.41%)

Transcript

Christoph Vilanek

freenet AG - Chairman of the Executive Board, Chief Executive Officer

And we are not really the Porsche guys typically, but we're really proud and happy that we are back on track with growth. Growth is still a big word in these times of full saturation, but we're doing much better than we did before.

We have a plus 79,000 net by end of September. So I mean, it's quite obvious that the 100,000 is taken for granted, we will be somewhat stronger without predicting a precise number.

There is still black week in front of us and the entire industry is focusing on that. So we will see what kind of offers will hit the ground, short term promotions as always.

The it all resides one hand for sure from the long-term agreements. But we also are happy that we've started the new sports sponsorship. Ican League which is an indoor football league founded by Tony Coles, the former I think best German football player for the last 4 or 5 years.

We have started the sponsorship. That's quite interesting because it's young boys age of 12 to 20 we have done a lot of

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