United Internet stock reports stronger EPS as restructuring unfolds

Published on 10/05/2026 at 18:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

United Internet stock carries a EUR 6.25 billion 2026 sales outlook after the September 11 correction. Goldman Sachs kept Buy and cut its target to EUR 34.20 on September 28.

Editorialfoto vom Trading-Floor mit Kursdiagrammen und Netzwerksymbolen — United Internet AG DE0005089031 begleitet Börsen-Editorial vom Frankfurter Trading-Floor mit Kursdiagrammen und Netzwerksymbolen, Illustration mit AI erstellt.

United Internet stock (ISIN DE0005089031) was last at EUR 24.24 on Xetra on October 5, 2026 at 5:35 p.m. CEST, up 0.66 percent on the session. The immediate company story is a corrected 2026 sales outlook of EUR 6.25 billion, while restructuring at 1&1 and IONOS adds a measurable cost burden.

Restructuring changes the earnings mix

According to Investing.com on September 11, 2026, United Internet corrected its 2026 sales forecast to EUR 6.25 billion from the mistakenly published EUR 6.45 billion. The same disclosure kept operating EBITDA guidance at EUR 1.45 billion and cash capital expenditure at EUR 600 million to EUR 650 million.

The transformation programs are designed to produce EUR 55 million in annual savings after implementation, but United Internet also expects EUR 95 million in one-off restructuring expenses in fiscal year 2026. That creates a clear timing issue: the operating outlook stays intact while reported earnings absorb the special item.

Q2 revenue fell while EPS improved

The latest reported quarter ended June 30, 2026. finanzen.net reported revenue of EUR 1.54 billion, down 4.18 percent from EUR 1.61 billion a year earlier, while earnings per share rose to EUR 0.38 from EUR 0.29. The combination points to higher per-share earnings despite softer quarterly sales.

United Internet's finance data for Q2 2026 show net income of EUR 65.6 million and operating cash flow of EUR 274.5 million. These figures give the restructuring plan a financial test: future savings must offset the 2026 charge while revenue growth remains limited.

Analyst target stays above the price

Goldman Sachs kept its Buy rating but lowered the price target from EUR 34.40 to EUR 34.20 on September 28, 2026, according to finanzen.at. The revised target lies 41.1 percent above the Xetra price of EUR 24.24.

A published consensus from Marketscreener lists an average Buy rating from 11 analysts and an average price target of EUR 32.09. That target stands 32.4 percent above the October 5 price, leaving the market focused on execution of the savings program and the next quarterly update.

United Internet stock stays below its yearly high

United Internet stock was last at EUR 24.24 on Xetra on October 5, 2026. Its 52-week range is EUR 22.24 to EUR 30.22, and market capitalization is EUR 4.2 billion.