ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

DTE Deutsche Telekom AG

0.00
0.00 (0.00%)
Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
Deutsche Telekom AG XE:DTE Ordinary Share
  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 -

Deutsche Telekom Raises 2019 View, Cuts Dividend After 3Q Profit Rise

07/11/2019 6:46am

Dow Jones News


Deutsche Telekom (XE:DTE)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Deutsche Telekom Charts.
   By Max Bernhard 
 

Deutsche Telekom AG (DTE.XE) on Thursday raised its outlook but cut its dividend for the year after reporting a rise in third-quarter revenue and earnings.

The German telecommunications company's net profit rose 23% to 1.37 billion euros ($1.52 billion) from EUR1.11 billion the same period last year.

Revenue rose 4.8% to EUR20.02 billion, it said.

Deutsche Telekom said it now expects to pay a dividend of 60 European cents a share, compared with 70 European cents last year, citing unexpectedly high-costs for the mobile spectrum auction in Germany, which it said was partly due to an "artificial spectrum shortage," as well as "greater clarity" on spectrum auctions in the U.S.

The company raised its 2019 outlook, now forecasting adjusted Ebitda AL of about EUR24.1 billion, compared with earlier expectations of EUR23.9 billion. It now sees cash capex of EUR12.9 billion, previously it had expected EUR12.7 billion.

 

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

 

(END) Dow Jones Newswires

November 07, 2019 01:31 ET (06:31 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

1 Year Deutsche Telekom Chart

1 Year Deutsche Telekom Chart

1 Month Deutsche Telekom Chart

1 Month Deutsche Telekom Chart

Your Recent History

Delayed Upgrade Clock