We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From Apr 2021 to Apr 2024
By Kim Richters
Deutsche Telekom AG on Thursday raised part of its outlook for the year, and said revenue and adjusted earnings for the second quarter fell.
The German telecommunications company said quarterly adjusted earnings before interest, taxes, depreciation and amortization after leases dropped to 9.42 billion euros ($11.06 billion) from EUR9.83 billion a year earlier. Analysts had forecast EUR9.13 billion, according to consensus estimates compiled by the company.
Revenue fell 1.7% to EUR26.59 billion.
Net profit jumped to EUR1.88 billion from EUR754 million, it said. The company said the second quarter of 2020 included special charges related to T-Mobile US.
Deutsche Telekom raised its earnings guidance for 2021 again, after doing so in May. It expects adjusted Ebitda after leases of more than EUR37.2 billion, EUR200 million more than the previous target. It backed its outlook that free cash flow after leases should exceed EUR8 billion this year.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
August 12, 2021 01:33 ET (05:33 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
1 Year Deutsche Telekom Chart |
1 Month Deutsche Telekom Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
