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Germany - United Internet's net profit up 27.9%, 2.76 mln DSL users.

Europe Intelligence Wire

| August 13, 2008 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Telecompaper Europe)

German ISP United Internet saw its consolidated sales for the first half of this year grow by 16.7 percent to EUR 814.4 million compared with the first half of 2007. Adjusted for currency fluctuations, sales growth amounted to 18.6 percent. EBITDA grew by 20.9 percent, from EUR 142.1 million (comparable prior-year figure) to EUR 171.8 million. United Internet's net profit was burdened by higher interest payments of around EUR 10 million and a negative net contribution to earnings from associated companies of EUR 10.2 million, due to the strategic investments in MSP Holding, a joint venture with German mobile service provider Drillisch that …

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