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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Deutsche Telekom AG | TG:DTE | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.23 | -1.04% | 21.90 | 21.85 | 21.90 | 22.27 | 21.72 | 21.92 | 472,927 | 20:59:55 |
From May 2019 to May 2024
By Carlo Martuscelli
Deutsche Telekom AG said Wednesday that net profit rose 78% in 2019 as revenue climbed higher, and forecast further growth in the year ahead.
The German telecommunications company made a profit of 3.87 billion euros ($4.19 billion) for the year compared with EUR2.17 billion in 2018, on revenue that grew 6.4% to EUR80.53 billion.
Adjusted earnings before interest, taxes, depreciation, amortization after leases, or Ebitda AL, rose 7.2% to EUR24.7 billion from EUR23.1 billion, giving the company an adjusted Ebitda AL margin of 30.7%, Telekom said.
The company said it expects revenue to increase in 2020, while adjusted Ebitda AL is forecast at about EUR25.5 billion.
Write to Carlo Martuscelli at carlo.martuscelli@wsj.com; @carlomartu
(END) Dow Jones Newswires
February 19, 2020 01:41 ET (06:41 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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