IONOS Group

Ionos Q3 2024 $IOS (+1.1%)

Financial performance:

• Total revenue: In the first nine months of 2024, total sales increased by 7.8% to EUR 1,141.6 million compared to the same period of the previous year.
• Adjusted EBITDA: Adjusted EBITDA grew by 9.2% to 334.5 million euros.
• EBITDA margin: The adjusted EBITDA margin improved to 29.3% compared to 28.9% in the previous year.

Balance sheet overview:

• Total assets: As at September 30, 2024, total assets amounted to EUR 1,656.6 million, a slight increase on the previous year.
• Net debt: Net debt fell to EUR 917 million, which corresponds to a gearing ratio of around 2.2x net debt to adjusted EBITDA for the last twelve months.

Details of the income statement:

• EBIT: EBIT for the first nine months of 2024 amounted to EUR 238.3 million, which corresponds to an increase of 6.0% compared to the previous year.
• Adjusted EBT: Adjusted EBT increased by 20.2% to 192.5 million euros.

Cash flow overview:

• Free cash flow: Free cash flow increased by 25.8% to EUR 219.1 million in the first nine months of 2024.
• Operating cash flow: Cash flow from operating activities increased by 21.3% to 285.7 million euros.

Key figures and profitability metrics:

• Adjusted earnings per share (EPS): Adjusted EPS increased by 11.6% to 0.96 euros.
• Gross margin: The gross margin improved from 47.8% in the previous year to 49.2%.

Segment information:

• Cloud solutions: Revenue in the Cloud Solutions segment rose by 7.6% in the third quarter of 2024 and recorded an increase of 11% since the beginning of the year.
• Web Presence & Productivity: Sales in this segment, excluding the aftermarket, grew by 12.3% year-on-year in the third quarter.

Competitive position: IONOS is well positioned as a digitalization partner for European SMEs and has established itself as a trusted cloud provider. The company uses the integration of AI to improve its product offering and customer experience.

Outlook and management commentary:

• Forecast for 2024: The company confirms its outlook for 2024 with constant currency revenue growth of 9% and an adjusted EBITDA margin of around 29%.
• Cloud solutions: Revenue growth in the cloud solutions segment is estimated at 13% for the year, slightly below the previously forecast 15-17%.

Risks and opportunities:

• Risks: A slowdown in the aftermarket business is expected in the medium term, which should have less of an impact on the EBITDA margin in the future.
• Political uncertainties: Political uncertainties in Germany could have an impact on government investments. Nevertheless, the company remains confident about its growth strategy.

Positive aspects:

• Strong sales growth of 7.8% year-on-year.
• Improved adjusted EBITDA margin to 29.3 %.
• Significant increase in free cash flow of 25.8 %.
• Successful integration of AI to improve the product range.
• Strong growth in customer base with 170,000 new customers.

Negative aspects:

• Cloud solutions fall slightly short of growth expectations at 13%.
• Volatility in the aftermarket business with lower margins.
• Higher marketing expenses impacting the EBITDA margin.
• Political uncertainties in Germany could impact federal contracts.
• Slight increase in churn rate to 14% due to price changes.

Summary Earnings, 12.11. 👇🏼

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Q2 Service Rev EU7.64B (est EU7.62B)

H1 Oper Profit EU2.38B (est EU2.41B)

Still Sees FY Adj Free Cash Flow At Least EU2.4B

FY25 Guidance Reiterated

$AZN (+1.64%) | AstraZeneca Q3 24 Earnings

Core EPS $2.08 (est $2.06)

Rev. $13.57B (est $13.08B)

Raises FY Core Eps View To High Teens Percentage Growth

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$9434 (+1.56%) | SoftBank Q2/H1 Earnings 2024

Q2 SVF Profit 313.14B Yen (est 83.11B Yen)

Q2 Net Income 1.181 Yen (est 294.83B Yen)

Q2 Dividend 22.00 Yen

H1 Net Income 1,011 Yen

H1 Net Sales 3,471 Yen (est 3.42T Yen)

Still FY Dividend 44.00 Yen (est 44.00 Yen)

$BAYN (-0.14%) | Bayer Q3 24 Earnings

Sales EU9.97B (est EU10.15B)

Core EPS EUO.24 (est EU0.31)

Adj. EBITDA EU1.25B (est EU1.33B)

Sees FY Adj. EBITDA EU10.4B To EU10.7B (est EU10.35B)

Now Sees FY Pharma Outlook At Upper End Of Range

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Total Segment Profit EU832M (est EU792.5M)

Infineon Sees Q1 Revenue About EU3.2B (est EU3.77B)

Sees Q1 Rev. About EU3.2B (est EU3.77B)

2025 Revenue Is Expected To 'Slightly' Decline

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- Oper EBITA EU281.1M (est EU295.8M)

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$IOS (+1.1%) | Ionos increases sales in the first nine months by almost eight percent to over 1.1 billion euros and adjusted EBITDA by nine percent to 334.5 million euros. The company confirms its annual targets and is optimistic about the remaining months of the financial year.

$KWS (-1.76%) | KWS Saat increases net sales by 18 percent to 248.6 million euros in the first quarter and reduces its loss before taxes by 19.4 percent to 37.4 million euros. The company confirms its guidance for fiscal 2024/25 and records extraordinary income of EUR110 million from the sale of its South American corn and sorghum business.

An update on the portfolio after crossing the next thousand. Still nice and boring with only 7 positions (2 ETFs and 5 individual stocks).

Long-term investment strategy with an investment horizon of another 15-18 years. From then on it would slowly move towards retirement. I have been invested since 02/2023.

The ETFs as my main investment with currently just under 40% and the goal of reaching 50-60% at some point.

• $VWRL (+0.87%) FTSE All-World (UPDATE) which has now replaced the MSCI World in order to keep the US below 60% in the long term.
• $VUSA (+1.05%) S&P 500 extra to take advantage of slightly higher returns compared to the All-World.

Plus a handful of individual stocks:

• $MSFT (+1,15 %) long-term blue chip growth with a small dividend. (savings plan)
• $8001 (-0,47 %) long-term strong growth and a decent dividend. (savings plan)
• $ALV (+0 %) as a long-term runner with a decent yield and very good dividend. (savings plan)
• $NOVO B (-2.54%) (UPDATE) with us since August.
• $PLTR (+0,68 %) as a long-term tech bet with +59% so far/since November. Additional purchases when opportunities arise. (UPDATE) In July I had said goodbye to $IOS (+1.1%) (at 26.02) - among other things because too much tech overall.

Think it is slowly leveling off. Sales forecast was reduced the week before last. For tech growth I still have $MSFT (+0.08%) and $PLTR (+0.69%)

I would be pleased to receive feedback on the portfolio and possibly a recommendation for another last individual share (more on this in a moment).

My investment horizon is 15-17 years for now. Depending on how it develops towards retirement at some point. The aim is to generate a small pension contribution later on.

The ETFs as the main investment with currently 41%, later increasing to 50-60%. The S&P 500 as an extra to take advantage of a little more return compared to the World. I am considering replacing the World with the FTSE All-World (distributing) in order to keep the US below 60% overall in the long term.

In addition a handful of individual stocks:

$MSFT (+0.08%) long-term blue chip growth with a small dividend. (savings plan)

$8001 (-0.28%) Long-term strong growth and a decent dividend. (savings plan)

$ALV (+1.84%) as a long-term runner with a decent yield and very good dividend. (savings plan)

$PLTR (+0.69%) and $IOS (+1.1%) are long-term tech bets with +30% and +90% to date. Here, additional purchases are made when opportunities arise.

I would then like to add another share soon to diversify a little more and receive further dividends. My candidates are $ULVR (-0.36%) or $VIE (-0.07%). However, I need to look more closely at the long-term potential. If you have any opinions on this, please share them.

Well 🤷🏻‍♂️ On the one hand, a nice success story with $IOS (+1.1%) In the fall, I held on to minus 20% because I was still convinced and the business performance was good. On the other hand, too little invested. Today Goldman raised the target to 35.50. If more follow and a dip comes, I'll add more.

Hello, I would like to start here with your feedback on my current portfolio. I am pursuing a long-term investment strategy with an investment horizon of at least 15 years. I have been invested since 02/2023.

The ETFs are used for broad market coverage and diversification, while the individual stocks cover targeted growth potential and specific sectors. Deliberately two-pronged with the ETFs with $XDWD (+1%) and $VUSA (+1.05%) as the S&P offers a good one percent higher price return and also the dividend. In addition, I deliberately increase the weighting with the S&P, especially for $MSFT (+0.08%)
$NVDA (+1.51%)
$AMZN (-1.7%)
$AAPL (+0.52%)
$GOOGL (-5.23%)
$META (-0.47%) a little more.

To the individual stocks:

$PLTR (+0.69%) and $IOS (+1.1%) are bets on the future and are currently at +15% and +82%. Apart from that, I also want to think about dividends now for later and risk as little as possible overall, as retirement is also less than 20 years away.

I plan to add 1-2 more individual stocks to my portfolio (max. 8 individual stocks). Allianz $ALV (+1.84%) is set, and I am also considering adding Veolia Environment $VIE (-0.07%) as well.

What do you think of this strategy and the additions? Do you have any other recommendations or comments?

Many thanks in advance!

$IOS (+1.1%)

"IONOS was awarded a major contract by the federal administration for the development of a particularly strictly secured computer cloud solution. An upper limit of 410 million euros was specified in the tender for the framework contract."

Source: Finanzen.net

The security concept is called "air gapping"

$IOS (+1.1%) Somehow I can't add my purchases to Ionos Group. Does anyone have the same problem or am I too stupid? 🤔