Deutsche Telekom: stock down after targets for 2017-21
(CercleFinance.com) - The Deutsche Telekom stock is down around 1% in Frankfurt this morning, after the group announced that it expects "uninterrupted growth over the next few years," along with its financial targets, at its investor day in Bonn.
Over 2017-2021, it targets between 1% and 2% average sales growth, with EBITDA up by 2% to 4% and free cash flow increasing by 10%, rates that are in line with those for 2014-2018 and which have either been achieved or exceeded with a substantial margin.
The German telecoms operator estimates that from 2019, all its units will contribute to growth in revenues and earnings, and that its dividend will follow the trend of adjusted EPS.
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