Deutsche Telekom boasts record numbers

With a sharp increase in profit and improvements in the case of the former problem children of the Dax-listed company's expensive investments in the States of

Deutsche Telekom boasts record numbers

With a sharp increase in profit and improvements in the case of the former problem children of the Dax-listed company's expensive investments in the States of the pending acquisition of rival Sprint brings with it. Telekom boss Tim Höttges had successes on Wednesday in Bonn, Germany on a broad Front, and to the investors for further growth in prospect.

The group net income increased by nearly 80 percent to 3.9 billion euros. This was the result of growth in the USA and also in Europe. The Telekom recorded also especially significantly less special items with a total of 1.1 billion euros. 2018 the Telekom had spent 2.4 billion euros, primarily for personnel measures, and write-offs. Excluding these, the Surplus would have grown in the past year to just under 9 percent. Deutsche Telekom 16,38 EUR +0,49 (+3,11%) Xetra price data

sales increased mainly due to acquisitions and exchange rate effects, by 6.4 percent to 80.5 billion euros. The Telecom continues to benefit from the hum of business in the United States, where it makes about half of its total sales. Excluding special items, adjusted earnings before interest, taxes, depreciation and amortization grew up throughout the group, as expected, by 7.2 per cent to 24.7 billion euros. This year it is expected to grow to 25.5 billion euros. With the stock sensor Germany the power back up artificial intelligence for your investment! (Partner quote) Here is an exclusive free trial!

The Bonn group, described 2019 as the most successful year in its history. "With these record figures, we have confirmed our Position as the clear number one in the industry in Europe," said CEO Höttges. A big driver in sales and profits of the U.S. subsidiary T-Mobile US , which closed the sixth year in a row, with a customer growth of more than five million remained. With the until the beginning of April, targeted Acquisition of Sprint, the Telecom wants to cut the U.S. top dogs Verizon and AT&T is the water, "New T-Mobile" would be on 130 million mobile customers.

Significant increase in sales expected

The Telecom has done for the current year, a noticeable earnings growth. Excluding special items, adjusted earnings before interest, taxes, depreciation and amortization is expected to grow from last 24.7 to 25.5 billion euros, as the Dax group announced on Wednesday in Bonn. This corresponds to the estimates of analysts. Sales at the group level will continue to rise.

The free cash inflow (Free cash flow), before dividends and payments for mobile licenses is set to climb from 7 to 8 billion euros, which is more than estimated by experts. The free cash flow to investors is important, as it can give about the future financial strength, including dividend information. However, the Telekom had cut off because of the upcoming billion takeover of rival Sprint in the US, the dividend for the previous year at 60 cents.

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Date Of Update: 19 February 2020, 11:00
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