United Internet to Join TecDAX on 20 September

Company Share Price Rises 2.1 Percent

Montabaur, Germany - United Internet AG will join the TecDAX on Tuesday, September 20. Currently ranked 68th on the German Stock Exchange, the company is expected to join the TecDAX, an index that reflects the performance of 30 technology companies in Germany.

According to a Deutsche Borse announcement on September 7, the share price of United Internet rose by 2.1 percent to 32.76 euros. This news follows a string of successful quarters for the company, driven by strong revenue growth in its webhosting and online marketing segments.

Shares Expected to Rise

Analysts expect the share price of United Internet to continue rising in the coming months and years. This optimism stems from the company's strong fundamentals and its position as a leader in the German internet market.

United Internet is one of the largest web hosting providers in Germany, with over 14 million customer contracts. The company also owns a number of successful online marketing businesses, including 1&1 IONOS, STRATO and GMX.

In recent years, United Internet has focused on expanding its cloud computing and data center operations. This move has been driven by the increasing demand for cloud-based services from businesses and consumers.