Deutsche Telekom Again Raises Earnings Guidance for 2021
12 August 2021 - 7:45AM
Dow Jones News
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)
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