United Internet, which provides internet access under the brand name 1&1, has reported a 9.8% year-on-year rise in full year 2011 consolidated revenue to EUR2.094 billion (USD2.75 billion), according to preliminary figures. Earnings before interest, tax, depreciation and amortisation (EBITDA) totalled EUR364.8 million for the twelve-month period, an increase of 2.0% compared to EUR357.7 million in 2010, while EBIT rose 1.7% to EUR276.0 million despite heavy investment in the development of new products and further international expansion, as well as increased marketing expenditure.
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OVETEL United Internet FY11 revenue up 9.8%
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