Deutsche Telekom raises guidance after strong Q1
Reuters
2 hrs ago
BERLIN, May 12 (Reuters) - Deutsche Telekom on Wednesday raised its profit guidance for 2021 after a strong showing by its businesses in the United States and Europe in the first quarter, with group revenue and core profit beating market estimates.
“We are sustaining momentum and continuing our successful growth story,” said Chief Financial Officer Christian Illek. “Our customer numbers and key financial metrics are on track on both sides of the Atlantic.”
Following a guidance raise by U.S. unit T-Mobile, which has already reported results, Deutsche Telekom also slightly lifted the outlook for profit and cash flow at its European operations for the year.