Freenet AG Announces Strategic Changes and Confirms Financial Projections
Freenet AG, a leading mobile communication service provider in Germany, has recently announced significant changes to its executive board and confirmed its financial outlook for the year 2025. The company, listed on the Xetra exchange, operates in the Communication Services sector, specifically within the Wireless Telecommunication Services industry.
Executive Board Restructuring
On August 6, 2025, Freenet AG disclosed plans to drastically reduce the size of its executive board. The board, currently comprising six members, will be downsized to just two members starting September 1, 2025. This restructuring will leave the CEO and CFO as the sole members of the board. This move is part of a strategic effort to streamline operations and enhance decision-making efficiency within the company.
Financial Performance and Projections
In addition to the executive changes, Freenet AG has reported positive financial performance for the first half of 2025. The company has seen a slight increase in both revenue and operational earnings. Despite these gains, Freenet has maintained its annual financial projections, indicating confidence in its ongoing growth trajectory.
Furthermore, Freenet AG has exceeded expectations in terms of free cash flow, with both its customer base and service revenues continuing to expand. The company has confirmed its guidance for adjusted EBITDA and free cash flow, reinforcing its strong financial position.
Market Position and Outlook
As of August 4, 2025, Freenet AG’s share price stood at 28.56 EUR, with a market capitalization of 3.38 billion EUR. The company’s price-to-earnings ratio is 11.775. Over the past year, Freenet’s stock has fluctuated between a high of 37.56 EUR and a low of 24.16 EUR.
Freenet AG offers a diverse range of services, including mobile tariffs, digital lifestyle products, internet, energy, and digital TV services, available through both physical stores and online platforms in Germany.
These strategic and financial updates reflect Freenet AG’s commitment to maintaining its competitive edge in the telecommunications sector while ensuring sustainable growth and operational efficiency.