Deutsche Telekom: 2017 results fail to impress; shares fall
(CercleFinance.com) - Deutsche Telekom said on Thursday it met all financial targets for 2017, although this failed to impress investors in view of the shares sell-off this morning.
The Bonn-based group said EBITDA rose 3.8% last year on revenue that rose by 2.5% to 74.9 billion euros. Organic growth reached 3.6%.
For 2018, the German telecoms provider said it forecasts adjusted EBITDA to grow 4% to around 23.2 billion euros, and also said it expects to increase its dividend for the third year in a row.
The firm plans to propose shareholders 65 cents per share at its next AGM.
After these figures, the shares were down 3.3% at 12.85 euros on Frankfurt's DAX index.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The Bonn-based group said EBITDA rose 3.8% last year on revenue that rose by 2.5% to 74.9 billion euros. Organic growth reached 3.6%.
For 2018, the German telecoms provider said it forecasts adjusted EBITDA to grow 4% to around 23.2 billion euros, and also said it expects to increase its dividend for the third year in a row.
The firm plans to propose shareholders 65 cents per share at its next AGM.
After these figures, the shares were down 3.3% at 12.85 euros on Frankfurt's DAX index.
Copyright (c) 2018 CercleFinance.com. All rights reserved.