Tax-free dividends? Yes, you can:
freenet surprises with a sharp jump in profits and exceeds analysts' expectations, while the streaming service
waipu.tv
becomes a growth driver. The share price rises significantly.
The German mobile and internet service provider has had a remarkable rollercoaster ride over the past 12 months. A brilliant spring rally to over EUR 35 was followed by an abrupt slide that put the share under significant pressure in the summer - since then, a tough sideways movement with a slight downward trend has dominated.
In the quarter under review, freenet suffered a slight decline in revenue to €615.0 million, compared to €619.8 million in the same period of the previous year. This was mainly due to a decline in the mobile business, which was partially offset by growth in waipu.tv. The subscriber base grew by 205,600 to a total of 10.4 million users in the first nine months, underlining the successful expansion of the streaming segment.
