Daily Management Review

Deutsche Telekom raises 2017 outlook


11/09/2017


Unperturbed by the collapse of the mega deal between T-Mobile US and Sprint Corp, Deutsche Telekom’s third quarter earnings have beaten analysts’ expectations.



Leaving behind the collapse of the merger between T-Mobile US and Sprint Corp, Deutsche Telekom raised its 2017 outlook and reported a 3.3% gain in its third-quarter core profits.
 
Deutsche Telekom, Europe’s biggest telecom company, has raised its 2017 adjusted earnings before interest, tax, depreciation and amortization (EBITDA) to $25.99 -$26.11 billion (22.4 to 22.5 billion euros) from 22.3 billion euros while confirming its forecast for free cash flow at 5.5 billion euros.
“Deutsche Telekom continues to post strong growth, which is why we are upgrading our forecast for the second time this year,” said Tim Hoettges, Deutsche Telekom’s CEO in a statement.
“This was made possible by our booming U.S. business, our strong performance in Germany, and the positive trends in our European subsidiaries.”
 
Incidentally, Hoettges flew 50,000 km in seven days in a bid to save the  T-Mobile US and Sprint Corp deal, only to call it off last weekend, since, (as he later recounted to staff) the synergies were not matched.
 
He went on to add, the $40 billion in investments T-Mobile US had made in recent years, was on the basis for a strong future growth.
 
On Thursday, Deutsche Telekom reported its adjusted EBITDA excluding non-recurring items, of 5.72 billion euros, above a mean forecast of 5.6 billion in a Reuters poll of analysts.
 
Revenues grew by 0.8% to 18.25 billion euros compared to analysts’ expectation of  18.4 billion.
 
The company’s free cash flow for this quarter was down by 1.6% to 1.87 billion euros.
 
 
 
References:
https://www.reuters.com







Science & Technology

Just $24 Earned By Hackers From The Huge Cryptojacking Campaign Conducted Last Week

New Molecule That Quickly Fights Cancer Cells Identified By Swedish Scientists

The U.K.’s Health Sector To Integrate Israeli ‘Digital Health’ Technology

Cryptocurrency Mining Malware Infects Government Websites In Multiple Countries All Across The World

New Research Into Space Settlement And Space Habitation Will Be Supported By Seed Grants Launched By UAE

NASA Confirms Mystery Satellite To Be Its IMAGE Satellite

Facebook To Put A Ban On Cryptocurrencies Ads

Study Show An Early Sign For Alzheimer's Is Sleep Disruption

Malicious ads on YouTube were used to mine cryptocurrency with viewers’ CPU

American authorities spoke out against electronic cigarettes iQOS

World Politics

World & Politics

South African President Zuma Finally Resigns, New President To Be Elected Soon

13 countries with the best healthcare system

France is coming closer to Iran

India-Russia Develops Supersonic Missile Which Could Raise Concerns In China

Yet another serious political risk for Europe: Italian elections coming soon

Seven Weeks Time Period , Says Theresa May, For Agreement On Brexit Transition Deal

Germany on the brink of political chaos

Trump Administration Consents To Collaborate With Congress On The Matter Of Democrats’ Memo Release