Away from America towards Ionos

Tenbagger2024 · 2025-04-13T14:04:07.937717Z

$IOS Hello my dears, Following on from the report that confidence in the USA is waning. We should recognize the opportunities. That's why I've picked out the multiples from Ionos for you. I like them a lot, and they might even be boosted by Trump. IONOS is one of Europe's leading providers of hosting services, cloud services and cloud infrastructure. The company was founded in 2016 and is headquartered in Montabaur, Germany. The IPO took place on February 8, 2023. Key figures such as - Revenue - Profit - Free cash flow - EbiT margin etc. are to be increased, also in 2027. This will reduce the P/E ratio. Debt is well under control. Analysts' opinions are consistently positive. Please let me know your opinion and assessment in the comments. And should Ionos be able to benefit from the Trump effect?

According to a media report, European tech companies are seeing an increase in inquiries, and not just since the current customs chaos.

$IOS (+1,38%)

"There are currently three times as many inquiries as usual," said Nextcloud CEO Frank Karlitschek in response to an inquiry from Der Spiegel. The magazine asked several European cloud and infrastructure providers how their demand has developed in recent months. According to the report, the tenor is clear: companies, public authorities and private users are increasingly looking for alternatives to US service providers.

Raymond Alves, founder of the mapping service Digital Earth, even spoke of a "Trump effect". This is what his company calls the current trend internally. In the six weeks prior to Der Spiegel's inquiry, his service had gained 250 percent more users. However, Alves did not give any specific figures.

Fear of industrial espionage

According to Nina-Sophie Sczepurek from Leitzcloud by vBoxx, the motivation of those wanting to switch is clear. Customers clearly said "that they want to move away from American products." Ionos said that "the uncertain political situation" in the USA is also leading to increased demand from the security and defense industry. Frank Kalitschek from Nextcloud brings another aspect into play, although according to the report he does not want to refer directly to customers: Industrial espionage. He fears that the US government could use the data stored in the clouds as a "bargaining chip".

One counter-movement to the trend away from US clouds is to adapt the previously strict EU law to the offerings. As c't reports in its current cover story, there are almost "legal contortions" in order to be able to continue using the popular US services. A central point is the transfer of data from European servers to servers in the USA, which is not actually GDPR-compliant, including the legal access options there. Although there is an EU adequacy decision for the United States from July 2023, the political situation has changed significantly since then.

"Get out of the US clouds" is also the cover story of the current issue 08/25 of c't magazine.

(never)

https://www.heise.de/news/Mehr-Interesse-an-europaeischen-Cloud-Anbietern-durch-Trump-Effekt-10349873.html

Normen L.@wealth_strategist_2019

Great, buy United Internet. Indirectly not a bad idea.

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SemiGrowth@SemiGrowth

1Settimana

Oh man, it's already at €27...
I had a look at them after the IPO and wanted to get in at €11. But then I didn't do it because they had negative equity and that was a red flag for me

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Tenbagger2024@Tenbagger2024

@SemiGrowth
In the meantime, however, I no longer see a problem. And the share's valuation is still good. It has held up well during the crash. What is your assessment?

@Tenbagger2024 Equity is positive again. We will probably have repaid United Internet's debt in a year's time. But I still don't quite like it, debt is higher than 3x EBITDA. I haven't looked into the company enough either. I still think of them as a website host. Customer growth of 2.6% also rather poor

PikaPika0105@PikaPika0105

What do you think about the fact that 2/3 of the shares belong to United Internet?

Away from America, towards Ionos

"Trump effect" leads to demand from European cloud providers