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Deutsche Telekom: 2017 results fail to impress; shares fall

(CercleFinance.com) - Deutsche Telekom said on Thursday it met all financial targets for 2017, although this failed to impress investors in view of the shares sell-off this morning.

The Bonn-based group said EBITDA rose 3.8% last year on revenue that rose by 2.5% to 74.9 billion euros. Organic growth reached 3.6%.

For 2018, the German telecoms provider said it forecasts adjusted EBITDA to grow 4% to around 23.2 billion euros, and also said it expects to increase its dividend for the third year in a row.

The firm plans to propose shareholders 65 cents per share at its next AGM.

After these figures, the shares were down 3.3% at 12.85 euros on Frankfurt's DAX index.

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