IONOS Group SE Reports Strong Q1 2024 Results and Affirms Full-Year Guidance

IONOS Group SE, a prominent European company serving small and medium-sized enterprises, announced robust results for Q1 2024. The company witnessed significant growth, with a customer base increasing to 6.26 million, marking a growth of around 200,000 customers. This uptick in the customer base is a reflection of the company's ongoing commitment to empowering digital business solutions.

Financially, IONOS Group SE saw a 5.4% increase in sales reaching €373.0 million compared to €353.8 million the prior year. More notably, the adjusted EBITDA for the quarter escalated by 22.7% year over year, amounting to €105.3 million. This improvement in earnings also led to an adjusted EBITDA margin expansion, currently at 28.4%, up from 24.4% in Q1 2023.

Based on these strong quarterly results, IONOS Group has reiterated its financial guidance for the 2024 and 2025 fiscal years, expecting an 11% growth in currency-adjusted sales and a further increase in its adjusted EBITDA margin to approximately 28.5% for 2024. Looking ahead to 2025, the company aims to continue this growth trajectory and further augment its EBITDA margin to about 30%.