United Internet raises dividend after 2013 profit jump

FRANKFURT, March 26 Wed Mar 26, 2014 4:57pm EDT

FRANKFURT, March 26 (Reuters) - Germany's United Internet AG raised its dividend by a third after seeing underlying profit rise by nearly 25 percent last year, helped by higher customer numbers and rising performance in its established business lines.

The Internet service provider plans to raise its dividend per share to 0.40 euros for 2013, from 0.30 euros previously, it said in a statement on Wednesday.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 407 million euros ($561 million) in 2013 from 326 million a year earlier, beating the average expectation of 402 million euros in a Reuters poll of banks and brokerages.

The company also said it expected 2014 sales to rise by about 10 percent to over 2.9 billion euros, with EBITDA rising to about 520 million euros. ($1 = 0.7254 Euros) (Reporting by Jonathan Gould; Editing by Victoria Bryan)

Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.