Deutsche Telekom: abandoned after its annual results
(CercleFinance.com) - Deutsche Telekom shares are down 4% in Frankfurt today, following the publication of its 2024 results, which nevertheless showed an 18.
3% increase in adjusted net profit to E9.4bn and an 18.7% increase in AL free cash flow to E19.2bn.
The German telecom operator's AL adjusted EBITDA rose by 6.2% to E43bn, on net sales up 3.4% to E115.8bn, including services sales up 3.9% to E96.5bn.
Hailing "another record year", CEO Tim Höttges points to growth in all business areas, including strong growth in fiber usage in Germany and continued net customer gains in the US.
A record dividend of E0.90 per share will be proposed for 2024. For 2025, Deutsche Telekom is targeting adjusted EPS of around E2, AL free cash flow of around E19.9bn and AL adjusted EBITDA of around E44.9bn.
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