Ordinary profit growth: Telekom benefits from US subsidiary – n-tv.de NEWS

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 Wednesday, May 04, 2016

 
 
 

 
 The German Telekom successful start into. The Bonners helps the very good performance of the US subsidiary. By contrast, business in Germany and Europe stutters slightly.
 

 
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The German Telekom has benefited once again from the strong business performance of its US subsidiary in the first quarter. In the German domestic market and in Europe sales and operating profit, however, were declining. The DAX company maintains nevertheless sticking to its forecast for the year and also confirmed its medium-term goals.

Group sales climbed in the start quarter by 4.7 percent to 17.63 billion euros. Adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) increased by 12.9 percent to EUR 5.16 billion. The bottom line is a net profit of 3.13 billion euros compared with EUR 787 million in the previous year.

However, the Telecom booked in the quarter also a revenue of 2.5 billion euros from the sale of its stake in the UK mobile operator Everything Everywhere. Adjusted for special effects such as these put the group result moderately by 1.1 percent to 1.05 billion euros.

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Analysts had expected in advance of publication with a turnover of 17.57 billion euros and an adjusted EBITDA of € 5.1 billion.

For the current year, Telekom continues adjusted for special effects Ebitda of € 21.2 billion, 6 percent more than 2015. when free cash flow Telekom continues to expect an increase of 8 percent to 4.9 billion euros. Sales also she wants down.

  Source: n-tv.de
 

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