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DEUTSCHE TELEKOM AG

(DTE)
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Deutsche Telekom Sets 2024 Financial Targets, Areas of Focus

05/19/2021 | 11:33pm EDT

By Olivia Bugault

Deutsche Telekom AG set new financial targets and main areas of focus for the years until 2024 in order to boost its growth, the company said ahead of its capital markets day on Thursday .

The German telecommunications company said it expects its adjusted earnings before interest, taxes, depreciation, and amortization after leases to grow by 3% to 5% a year on average through 2024, while it targets an average annual revenue growth of 1% to 2% over the same period.

Its adjusted earnings per share should rise to over 1.75 euros ($2.13) by 2024 and 40% to 60% of the EPS should be paid out as dividend with a minimum dividend of EUR0.60 a share, the company said.

Deutsche Telekom said it will focus on fiber, 5G and digitalization in the coming years. "The percentage of customers in Germany who can book a pure fiber line (FTTH) from Deutsche Telekom is to increase from the current level of around 5% to more than 60% by 2030," it said, adding that "the 5G mobile communications standard is to cover 97% of the population in Germany by 2024."

Write to Olivia Bugault at olivia.bugault@wsj.com

(END) Dow Jones Newswires

05-20-21 0133ET

Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE TELEKOM AG -1.01% 17.506 Delayed Quote.17.06%
DJ INDUSTRIAL -0.42% 34935.47 Delayed Quote.14.63%
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Financials
Sales 2021 107 B 126 B 126 B
Net income 2021 4 383 M 5 201 M 5 201 M
Net Debt 2021 128 B 152 B 152 B
P/E ratio 2021 18,2x
Yield 2021 3,50%
Capitalization 83 039 M 98 504 M 98 542 M
EV / Sales 2021 1,98x
EV / Sales 2022 1,91x
Nbr of Employees 224 385
Free-Float 85,1%
Chart DEUTSCHE TELEKOM AG
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Deutsche Telekom AG Technical Analysis Chart | DTE | DE0005557508 | MarketScreener
Technical analysis trends DEUTSCHE TELEKOM AG
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 24
Last Close Price 17,51 €
Average target price 21,79 €
Spread / Average Target 24,5%
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Managers and Directors
Timotheus Höttges Chairman-Management Board & CEO
Christian P. Illek Chief Financial Officer
Ulrich Lehner Chairman-Supervisory Board
Claudia Nemat Chief Technology & Innovation Officer
Lothar Schröder Vice Chairman-Supervisory Board
Sector and Competitors