The German Telekom is increasingly dependent on their once unloved US mobile business. Last year, the aufgepeppelte with billions of Bonn subsidiary T-Mobile US caused large increases in sales and earnings.
Also in 2016 sets Telekom CEO Tim Höttges on the development in the United States. At the same time the stagnant German home market, even after the consolidation in the industry, such as the annual figures of the Dax Group submitted on Thursday show. The European business slows. And the IT subsidiary T-Systems still has a hard time.
At the Group level was in 2015, thanks to the droning US mobile business sales plus of 10.5 percent to 69.22 billion euros. This was the strongest growth since at least ten years, if acquisitions are not included, as a spokesman explained.
“The German Telekom was in 2015 on both sides of the Atlantic extremely successful”, Höttges said. On the market, the figures were well received, the dividend is expected to rise by 10 percent to 0.55 euros per share. For the start of trading the T shares gained slightly weaker than the market by 0.7 percent. The boost came above all from the United States – where the weak euro still duly helped in the translation
Without currency effects and acquisitions, sales growth in the telecom would have amounted to 3 percent.. The Germany-business subsequently set for the year by only 0.7 percent. In the fourth quarter here, both the mobile revenues (-0.4 percent) and total revenues fell back, although the Telekom was able to gain 362 000 mobile contract customers in the three months. In Europe, sales by 2 percent gave way.
foreseeable remains the US business the only notable driver at the former state monopoly. Adjusted for special items, earnings before interest, taxes and depreciation laid last year by 13.3 percent to 19.91 billion euros. 2016 will be 21.2 billion euros without tailwind from currency or acquisitions. That would be an increase of 6.5 percent. In Germany and Europe, operating profit remains stable well
On the bottom line was in 2015, a surprisingly high and 11.3 percent increase in the profit of 3.25 billion euros -. Although the Telekom among other special charges of had to cope with almost one billion euros. Solo T-Mobile US – long rather a candidate for the red – had their profit in 2015 almost tripled
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