Deutsche Telekom: shares down on uninspiring earnings report
(CercleFinance.com) - Deutsche Telekom has exceeded its financial guidance for 2018, which had been raised three times in the course of the year, the German phone operator said.
Revenue increased by 0.9% in 2018 to 75.7 billion euros, while adjusted EBITDA rose by 5% to 23.3 billion euros.
However, net profit fell by 25% to 4.5 billion euros, with the disappearance of one-off effects of the US corporate tax reform, DT said.
Deutsche Telekom said it intends to maintain its current growth rate in 2019, expecting revenue to increase by between 1% and 2%, with adjusted EBITDA up by 2% to 4%.
The company said it would pay a dividend of 70 cents per share, up from 65 cents previously.
The shares are currently down 1% at 14.4 euros after this report.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
Revenue increased by 0.9% in 2018 to 75.7 billion euros, while adjusted EBITDA rose by 5% to 23.3 billion euros.
However, net profit fell by 25% to 4.5 billion euros, with the disappearance of one-off effects of the US corporate tax reform, DT said.
Deutsche Telekom said it intends to maintain its current growth rate in 2019, expecting revenue to increase by between 1% and 2%, with adjusted EBITDA up by 2% to 4%.
The company said it would pay a dividend of 70 cents per share, up from 65 cents previously.
The shares are currently down 1% at 14.4 euros after this report.
Copyright (c) 2019 CercleFinance.com. All rights reserved.