Cost escalation affects Ionos’ profits, a new entrant in the stock market, as an internet service provider

Frankfurt Rising energy and marketing costs have caused web hosting and cloud provider Ionos to see its profits fall over the past year. The company announced on Wednesday that adjusted operating profit fell by 2.7 percent to 345.6 million euros in 2022. Sales, on the other hand, increased by a good 17 percent to 1.29 billion euros and the number of customers grew by 110,000 to six million.

For 2023, the newcomer to the stock market announced an increase in sales of around ten percent. Adjusted operating profit is expected to increase by at least 10 percent and the margin to reach at least 27 percent. In the latter case, Ionos dares to do 30 percent in the medium term.