DT offers bright outlook despite pandemic - Mobile World Live 12 MAY 2021
Deutsche Telekom (DT) shrugged-off negative impacts of the Covid-19 (coronavirus) pandemic on its business in Q1, highlighting a boost in its German fixed business, US gains and growth in its Europe division.
In its earnings statement the operator group noted growth in all key metrics, despite a fall in roaming and visitor revenue at its Europe segment, which covers everything except its operations in Germany and the US.
Fixed sales and post-paid mobile users were up in Germany, helping to offset a pandemic-related drop in roaming revenue.
On a call to discuss its figures, CFO Christian Illek noted it also made solid progress on its 5G build in its home market, with coverage reaching 80 per cent of the country at the end of Q1. It expects to expand this to 90 per cent by the end of the year.
Deutsche Telekom s Americanism might not pay off for Europe lightreading.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lightreading.com Daily Mail and Mail on Sunday newspapers.
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.
Deutsche Telekom gets 2021 off to a flyer
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Deutsche Telekom says it made a “flying start to the new financial year” with a 32.3% year-on-year increase in first quarter revenues to €26.4 billion. “We are sustaining momentum and continuing our successful growth story,” said CFO Christian Illek. “Our customer numbers and key financial metrics are on track on both sides of the Atlantic.” Read more.
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