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.
UPDATE 2-Deutsche Telekom shares advance on earnings beat and raised guidance Reuters 5/12/2021
Popular Searches Organic first-quarter revenue up 7.1%, core profit up 8.3% Results ahead of consensus estimates (Updates with market reaction, analysts)
By Douglas Busvine
BERLIN, May 12 (Reuters) - Deutsche Telekom raised its 2021 profit guidance on Wednesday 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.
Shares rallied by 2% on the results and guidance, which analysts said represented a show of strength at Deutsche Telekom s operations outside the United States despite the COVID-19 pandemic.