1&1 stock reports lower Q2 operating profit amid 2026 reset

Published on 09/23/2026 at 16:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

1&1 stock carried a 2026 EBITDA forecast of EUR 740 million after September 10, 2026. Goldman Sachs set a EUR 25.60 target while Q2 revenue fell 1.9 percent sequentially.

Bauhaus-Grafikposter mit TELEKOMMUNIKATION-Schrift und geometrischen Signalwellen — Bauhaus-Poster mit TELEKOMMUNIKATION und geometrischen Wellen repräsentiert Branche der 1&1 AG DE0005545503, Illustration mit AI erstellt.

1&1 stock (ISIN DE0005545503) stood at EUR 23.95 on Xetra on September 23, 2026, 12.27 percent below its 52-week high of EUR 27.30. The unchanged daily quote puts the telecommunications group between its EUR 18.62 yearly low and EUR 27.30 high while restructuring remains the central earnings issue.

EBITDA forecast reset to EUR 740 million

On September 10, 2026, EQS News reported that 1&1 approved a transformation and restructuring program for 1&1 Versatel and set its 2026 EBITDA forecast at EUR 740 million. The adjusted EBITDA forecast was set at EUR 800 million, preserving the operating target before restructuring effects.

The program also targets an annual earnings contribution of EUR 25 million from fiscal year 2028 after full implementation. For investors, the key trade-off is visible: near-term earnings carry restructuring costs, while management links the program to a defined medium-term contribution.

Q2 revenue slips 1.9 percent

1&1 generated EUR 1,123,710,000 in revenue in Q2 2026, compared with EUR 1,146,026,000 in Q1. That represents a sequential decline of 1.9 percent. Operating profit also fell from EUR 44,887,000 in Q1 to EUR 40,569,000 in Q2, a decline of 9.6 percent.

Net income was EUR 12,665,000 in Q2 2026, versus EUR 17,789,000 in Q1. Operating cash flow nevertheless reached EUR 206,736,000 in Q2, while capital expenditure was EUR 124,804,000, leaving free cash flow of EUR 81,932,000 for the quarter.

Goldman Sachs sets EUR 25.60 target

Zonebourse reported on September 23, 2026 that Goldman Sachs rated 1&1 Buy and reduced its price target from EUR 26.20 to EUR 25.60. The new target is 6.89 percent above the Xetra price of EUR 23.95, creating a clear reference point as the market weighs lower near-term profitability against the restructuring plan.

Stock stays below yearly high

1&1 stock was trading at EUR 23.95 on Xetra on September 23, 2026, unchanged from the prior close. Its market capitalization was EUR 4,227,566,478, with a 52-week range of EUR 18.62 to EUR 27.30.