Deutsche Telekom 3Q Revenue Rose; Raises Fiscal Year Guidance
10 Novembre 2022 - 08:18AM
Dow Jones News
By Maitane Sardon
Deutsche Telekom AG on Thursday raised its full-year guidance
for the third time this year after third-quarter revenue
increased.
The German telecommunications company reported a net profit of
1.58 billion euros ($1.58 billion) in the third quarter, compared
with EUR889 million a year earlier.
Adjusted earnings before interest, tax, depreciation and
amortization after leases, a closely watched metric, rose to
EUR10.48 billion from EUR9.66 billion, slightly below analysts'
expectations of EUR10.51 billion, according to a company-compiled
consensus.
Revenue rose to EUR28.98 billion from EUR26.64 billion in last
year's third quarter, boosted by strong growth in service revenue,
it said. Analysts had forecast revenue for the quarter at EUR29.31
billion, according to a company-compiled consensus.
Deutsche Telekom said it now expects adjusted Ebitda after
leases for the year to come in at more than EUR37 billion. It had
guided for EUR37 billion in August. Adjusted core Ebitda after
leases is now expected to total more than EUR35.9 billion, up from
around EUR35.9 billion guided for previously, while adjusted
earnings per share should reach more than EUR1.50, compared with
the previously guided EUR1.25.
The company said it plans to pay a dividend of EUR0.70 a share
for the 2022 financial year.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
November 10, 2022 02:03 ET (07:03 GMT)
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