IONOS Group SE Releases Preliminary H1 2024 Results, Adjusts Revenue Guidance

IONOS Group SE has released its preliminary half-year results for 2024, revealing a 6.1% increase in revenues, which now total €751.7 million compared to €708.6 million in H1 2023. The company also reported an 8.6% rise in adjusted EBITDA, reaching €218.1 million, up from €200.8 million in the previous year.

Despite these positive figures, IONOS has adjusted its revenue guidance for 2024 to an approximate growth of 9%, down from an earlier forecast of 11%. The adjustment comes in light of lower-than-expected revenues in its aftermarket business, which faced temporary challenges related to a product launch.

However, the company's earnings expectations remain unchanged. The adjusted EBITDA is still projected to be around €450 million for 2024, and the adjusted EBITDA margin is expected to increase to 29%. Looking ahead to 2025, IONOS anticipates around 10% revenue growth and a further increase in the adjusted EBITDA margin to approximately 30%.