Deutsche Telekom Raises 2022 View After Posting Higher 2Q Revenue
11 Août 2022 - 7:40AM
Dow Jones News
By Cristina Roca
Deutsche Telekom AG on Thursday raised its guidance for the
second time this year, citing good performance at both its T-Mobile
US Inc. business and outside the U.S.
The German telecommunications company reported a net profit of
1.46 billion euros ($1.50 billion) compared with EUR1.88 billion
during the same period a year earlier. The fall was mainly due to
expenses for the integration of its newly acquired Sprint business
in the U.S., it said.
Adjusted earnings before interest, tax, depreciation and
amortization after leases, a closely watched metric, rose 5% to
EUR9.89 billion.
Revenue rose 5.9% to EUR28.17 billion. It was up 12% in the
U.S., while in Germany it moved 2.7% higher.
Deutsche Telekom said it now expects adjusted Ebitda after
leases for the year to be around EUR37 billion. It had guided for
more than EUR36.6 billion in May.
The company still expects free cash flow after leases of more
than EUR10 billion for the year.
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
August 11, 2022 01:25 ET (05:25 GMT)
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