United Internet, which provides internet access under the brand name 1&1, has reported that consolidated revenue for the first nine months of 2011 grew 9.1% year-on-year to EUR1.537 billion (USD2.1 billion). Earnings before interest, tax, depreciation and amortisation (EBITDA) totalled EUR285.9 million for the nine-month period, an increase of 5.6% compared to EUR270.8 million in 9M 2010, and earnings before tax (EBT) grew 15.7% to EUR210.2 million, despite heavy investment in the development of new products and further international expansion. The earnings figures include a positive net balance of EUR16.3 million from the sale of Versatel shares in the second quarter of 2011.
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OVETEL United Internet raises customer growth forecast to 900,000
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