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MarketScreener Homepage  >  Equities  >  Xetra  >  Deutsche Telekom AG    DTE   DE0005557508

DEUTSCHE TELEKOM AG

(DTE)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 11/27 03:59:27 pm
15.2 EUR   +0.50%
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Deutsche Telekom : second-quarter results buoyed by Sprint consolidation

08/12/2020 | 11:47pm EST
FILE PHOTO:  Hoettges, CEO of German telecommunications giant Deutsche Telekom AG at results news conference in Bonn

Deutsche Telekom reported jumps in quarterly revenue and profit on Thursday following U.S. unit T-Mobile's $23 billion takeover of Sprint, while its underlying performance beat market expectations.

The telecoms group issued fresh guidance for core profits to hit 34 billion euros ($40 billion) this year, above market expectations, but cautioned that the cost of integrating Sprint would dent group cash flow.

The Sprint deal, which closed on April 1, has tilted Deutsche Telekom's centre of gravity towards the United States where T-Mobile now generates over three fifths of group revenue and has challenged AT&T as the No.2 carrier.

"The merger in the United States is a historic step for the group," said CEO Tim Hoettges, calling the figures "formidable" while highlighting strong performance on Deutsche Telekom's German home market and in Europe.

Group revenue grew by 37.5% to 27 billion euros in the quarter, but after stripping out the impact of the U.S. merger and exchange-rate effects there was a 0.6% decline. Analysts had forecast 25.6 billion, according to a company poll.

Core profit, measured as earnings before interest, taxation, depreciation and amortization after leases (EBITDA AL), rose by a reported 56.4% to 9.8 billion euros. On an organic basis it rose 8.4%, also beating expectations.

Deutsche Telekom issued new guidance for EBITDA AL to reach around 34 billion euros this year, up from previous guidance for 25.5 billion and around a billion euros above consensus.

It lowered its forecast for free cash flow after leases to at least 5.5 billion euros - below the average forecast from analysts and down from a previous 8 billion euros - to factor in the integration costs of the U.S. merger. ($1 = 0.8472 euros)

(Reporting by Douglas Busvine; Editing by Maria Sheahan)


© Reuters 2020
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Financials
Sales 2020 99 669 M 119 B 119 B
Net income 2020 4 182 M 5 002 M 5 002 M
Net Debt 2020 123 B 147 B 147 B
P/E ratio 2020 18,8x
Yield 2020 3,92%
Capitalization 71 879 M 85 939 M 85 973 M
EV / Sales 2020 1,96x
EV / Sales 2021 1,81x
Nbr of Employees 227 584
Free-Float 67,7%
Chart DEUTSCHE TELEKOM AG
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Deutsche Telekom AG Technical Analysis Chart | DTE | DE0005557508 | MarketScreener
Technical analysis trends DEUTSCHE TELEKOM AG
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 27
Average target price 19,20 €
Last Close Price 15,16 €
Spread / Highest target 55,7%
Spread / Average Target 26,7%
Spread / Lowest Target -1,02%
EPS Revisions
Managers
NameTitle
Timotheus Höttges Chief Executive Officer
Ulrich Lehner Chairman-Supervisory Board
Christian P. Illek Chief Financial Officer
Claudia Nemat Head-Technology & Innovation
Lothar Schröder Vice Chairman-Supervisory Board
Sector and Competitors