IONOS摩根大通欧洲TMT会议要点

Europe Equity Research23 May 2025JPMORGANwww.jpmorganmarkets.comIONOSJ.P. Morgan European TMT Conference TakeawaysOverweightIOSn.DE, IOS GRPrice (22 May 25):€36.50Price Target (Dec-26):€27.50European Tech Software & IT ServicesToby Ogg AC(44-20) 7742-3278toby.ogg@jpmorgan.comJ.P. Morgan Securities plcJoseph George(44-20) 3493-6990joe.george@jpmorgan.comJ.P. Morgan Securities plcGiulio Gambardella(44-20) 3493-4181giulio.gambardella@jpmorgan.comJ.P. Morgan Securities plcPriya R Suneja(91-22) 6157 4721priya.suneja@jpmchase.comJ.P. Morgan India Private LimitedSpecialist Sales contact details:Scott Silver - Specialist Sales - European TMT(44-20) 7134-0412scott.silver@jpmorgan.comWe hosted CEO Achim Weiss, and Head of IR Stephan Gramkow at IONOS at J.P. Morgan’s European TMT conference in London for a day of investor group meetings. Questions from investors were focused on AdTech strength, cloud demand and AI. We provide a number of takeaways from the discussions below.•Strong AdTech perform