euro adhoc: United Internet AG / other / United Internet: Decline in Online Marketing slows growth in 3rd quarter and dampens 2008 prospects. High writedowns on strategic investments.

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13.11.2008

United Internet: Decline in Online Marketing slows growth in 3rd
quarter and dampens 2008 prospects. High writedowns on strategic
investments.

Montabaur, November 13, 2008. The Management Board and Supervisory
Board of United Internet AG today adopted the Group's consolidated
results according to IFRS for the first nine months of 2008.

While the figures in our dominant Product segment (with our brands
1&1, GMX, WEB.DE, Fasthosts and InterNetX) rose strongly, sales and
earnings in our Online marketing segment (AdLINK Media, affilinet and
Sedo) were not satisfactory.

|9-month comparison by segments|9 months 2007 |9 months 2008 |Growth (%) |
| | | | |
|in EUR million | | | |
|Product segment | | | |
|Sales |915.5 |1,061.7 |+ 16.0 |
|EBITDA |204.4 |235.8 |+ 15.4 |
|Online marketing segment | | | |
|Sales |157.0 |159.5 |+ 1.6 |
|EBITDA* |18.1 |11.2 |- 38.1 |

* EBITDA without a positive special item in Q2/2007

Consolidated sales of United Internet AG grew by 13.9% in the first nine months

of 2008, from EUR 1,073.1 million (comparable prior-year figure) to
EUR 1,221.8 million. Adjusted for currency fluctuations, sales growth
amounted to 15.7%. Earnings before interest, taxes, depreciation and
amortization (EBITDA) grew by 14.1%, from EUR 218.7 million
(comparable prior-year figure) to EUR 249.5 million. Due to the
strategic investments in MSP Holding (freenet), Versatel and
Drillisch, consolidated net income and earnings per share (EPS) were
burdened by higher interest payments of around EUR 16 million and a
negative net contribution to earnings from associated companies of
EUR 8.3 million. Despite these negative effects, net income from
ordinary activities improved by 22.1%, from EUR 108.2 million
(comparable prior-year figure) to EUR 132.1 million. Earnings per
share (EPS) from ordinary activities rose by 26.7%, from EUR 0.45
(comparable prior-year figure) to EUR 0.57.

The share prices of the strategic investments in freenet (via MSP
Holding) and Drillisch have fallen strongly over the past few months.
On the basis of stock market prices as of September 30, 2008, the
Management Board and Supervisory Board have decided to write down the
book values of these companies by a total of EUR 145.6 million. These
non-recurring and non-cash effects resulted in net income of EUR
-13.5 million and an EPS of EUR -0.06.

|9-month comparison in EUR |Jan.-Sep. |Jan.-Sep. 2008|Growth (%) |
|million |2007* | | |
|Sales |1,073.1 |1,221.8 |+ 13.9/+ 15.7 |
|EBITDA |218.7 |249.5 |+ 14.1 |
|Net income (without |108.2 |132.1 |+ 22.1 |
|writedowns) | | | |
|Net income (with writedowns) |108.2 |-13.5 | |
|EPS in EUR (without |0.45 |0.57 |+ 26.7 |
|writedowns) | | | |
|EPS in EUR (with writedowns) |0.45 |-0.06 | |

* Results without positive special item in Q2/07
|Quarter comparison in EUR |Q3 2007 |Q3 2008 |Growth (%) |
|million | | | |
|Sales |375.1 |407.4 |+ 8.6/+ 10.2 |
|EBITDA |76.6 |77.7 |+ 1.4 |
|Net income (without |37.6 |41.8 |+ 11.2 |
|writedowns) | | | |
|Net income (with writedowns) |37.6 |-103.8 | |
|EPS in EUR (without |0.16 |0.18 |+ 12.5 |
|writedowns) | | | |
|EPS in EUR (with writedowns) |0.16 |-0.45 | |

The number of fee-based customer contracts grew to 7.83 million as of September
30, 2008 (31.12.2007: 7.15 million):

|Customer contracts in million |31.12.2007 |30.06.2008 |30.09.2008* |
|Information Management |1.21 |1.30 |1.35 |
|Webhosting |3.21 |3.51 |3.57 |
| thereof abroad |1.55 |1.82 |1.88 |
|Internet Access |2.73 |2.89 |2.91 |
| thereof DSL |2.59 |2.76 |2.78 |
| thereof resale DSL/T-DSL |2.48 |2.39 |2.22 |
| access | | | |
| thereof all-inclusive |0.11 |0.37 |0.56 |
| packages | | | |
|Total |7.15 |7.70 |7.83 |

* DSL all-inclusive packages without prorated backlog of approx. 90,000 further
orders.

Outlook: A total of approx. 180,000 new customer contracts are
expected in the 4th quarter, of which approx. 60,000 in the company's
DSL business. Falling demand in the Online Marketing segment
(AdLINK), which began in the reporting quarter, is expected to
continue. At the same time, marketing revenue from portals is growing
at a more moderate pace than planned - approx. 20% sales growth is
now expected in this field for 2008. As a result of these
developments, growth of approx. 10% is forecast for operating
business in 2008 as a whole: sales are expected to grow to approx.
EUR 1,660 million (prior year: EUR 1,487.4 million) and EBITDA to
approx. EUR 330 million (comparable prior-year figure: EUR 297.4
million).

end of announcement euro adhoc
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ots Originaltext: United Internet AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Marcus Schaps

Head of Press and Public Relations United Internet AG

United Internet AG

Elgendorfer Strasse 57

56410 Montabaur

Germany

Tel: +49 2602/96-1076

Fax: +49 2602/96-1013

E-mail: mschaps@united-internet.de

Internet: www.united-internet.de

Branche: Telecommunications Services
ISIN: DE0005089031
WKN: 508903
Index: Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share,
Technologie All Share
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