Deutsche Telekom Sees 2023 Adjusted Earnings Growth After Rise in Fourth Quarter
23 Febbraio 2023 - 7:29AM
Dow Jones News
***EMBARGOED UNTIL 0700 CET (0600 GMT) ***
By Adria Calatayud
Deutsche Telekom AG said Thursday that it expects growth in
adjusted earnings and cash flow this year after reporting a rise in
fourth-quarter adjusted earnings despite a weaker-than-expected
revenue performance.
The German telecommunications giant said adjusted earnings
before interest, taxes, depreciation and amortization after
leases--a closely watched metric in the industry--for the quarter
rose to 9.96 billion euros ($10.56 billion) from EUR9.01 billion a
year earlier. Growth in the U.S. and Germany offset a slight
decline in the rest of the company's European operations, it
said.
Net profit more than doubled to EUR1.01 billion.
Revenue for the quarter increased to EUR29.80 billion from
EUR28.65 billion a year earlier, Deutsche Telekom said.
Analysts expected Deutsche Telekom's fourth-quarter adjusted
Ebitda after leases to come in at EUR9.90 billion on revenue of
EUR30.01 billion, according to consensus estimates provided by the
company.
For 2023, Deutsche Telekom said adjusted Ebitda after leases is
expected to grow 4% to reach around EUR40.8 billion, and free cash
flow after leases is forecast to grow 40% on a pro-forma basis to
over EUR16 billion.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
February 23, 2023 01:14 ET (06:14 GMT)
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