1&1 stock tracks a lower EBITDA forecast and restructuring plan

Published on 09/28/2026 at 15:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

1&1 stock traded at EUR 24.10 on September 28, 2026, while its 2026 EBITDA forecast stands at EUR 740 million. The June quarter brought EUR 1.12 billion of revenue, up 13.75 percent year over year.

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1&1 (ISIN DE0005545503) was trading at EUR 24.10 on Xetra on September 28, 2026, down 0.21 percent from the prior close. The telecom provider is now balancing a lower 2026 EBITDA forecast against a restructuring plan designed to improve future earnings.

EBITDA forecast falls to EUR 740 million

According to Finanzen.net on September 10, 2026, 1&1 lowered its 2026 EBITDA forecast to EUR 740 million after approving a transformation and restructuring program at 1&1 Versatel.

The company expects EUR 60 million of one-time expenses in fiscal year 2026. Adjusted EBITDA, excluding those costs, remains targeted at EUR 800 million, making the reported forecast EUR 60 million below the adjusted target.

The plan also targets an annual earnings contribution of EUR 25 million from fiscal year 2028. That creates a clear trade-off for investors: near-term earnings absorb restructuring costs, while the savings case depends on execution over several years.

Revenue grows while earnings lag

For the quarter ended June 30, 2026, 1&1 reported revenue of EUR 1.12 billion, up 13.75 percent from EUR 987.92 million in the prior-year quarter, according to Finanzen.net on September 14, 2026.

Reported EPS for that quarter was EUR 0.07, compared with EUR 0.15 in the prior-year period. The combination of double-digit revenue growth and lower EPS shows why the EBITDA outlook and restructuring costs matter more than sales alone.

The next scheduled reporting date is November 12, 2026, when 1&1 plans to publish its third-quarter 2026 results, according to the 1&1 AG investor-relations calendar.

Goldman Sachs keeps Buy rating

Goldman Sachs kept its Buy rating on September 23, 2026, but cut its price target from EUR 26.20 to EUR 25.60 after a conference with German companies, as reported by Finanzen.net. The revised target is EUR 1.50 above the Xetra price in this article.

The same analyst update cited progress toward the companys annual and medium-term goals, while identifying uncertainty around low-band spectrum and the dispute with tower partner Vantage. Those issues remain a counterweight to the restructuring thesis.

Stock stays below its yearly high

1&1 was trading at EUR 24.10 on Xetra at 2:01 p.m. CEST on September 28, 2026, with a session range of EUR 24.00 to EUR 24.20. Its 52-week range was EUR 18.62 to EUR 27.30, while market capitalization stood at EUR 4.3 billion.

The stock therefore sat EUR 3.20 below its 52-week high, leaving operational execution and the path from EUR 740 million reported EBITDA toward EUR 800 million adjusted EBITDA as the central market questions.