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MarketScreener Homepage  >  Equities  >  Xetra  >  Deutsche Telekom AG    DTE   DE0005557508

DEUTSCHE TELEKOM AG

(DTE)
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Deutsche Telekom 2Q Net Profit Up; Backs Outlook

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08/08/2019 | 01:35am EDT

By Patrick Costello

Deutsche Telekom AG (DTE.XE) said Thursday that net profit rose sharply in the second quarter and confirmed its 2019 outlook.

The German telecommunications company booked a net profit of 944 million euros ($1.06 billion) in the second quarter, up 90.7% from EUR495 million the same period last year, when the company incurred a EUR600 million expense related to a settlement.

Revenue rose 7.1% to EUR19.66 billion from EUR18.37 billion. Mobile-service revenues in its home market of Germany were up 2.4% on year, Telekom said.

Adjusted earnings before interest, taxes, depreciation, amortization after leases, or Ebitdaal, was up 7.1% to EUR6.28 billion from EUR5.87 billion, giving the company an adjusted Ebitdaal margin of 32%, Telekom said.

Telekom said it began using Ebitdaal in January as a financial indicator to measure operating earnings performance to account for the adoption of the IFRS 16 accounting standard.

Telekom backed its 2019 outlook, including "slight increase" in revenue, an adjusted Ebitdaal of EUR23.9 billion and a free cash flow after leases of roughly EUR6.7 billion.

Write to Patrick Costello at patrick.costello@dowjones.com.

Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE TELEKOM AG 0.85% 15.378 Delayed Quote.3.77%
DEUTSCHE TELEKOM AG 0.43% 15.35 Delayed Quote.3.14%
DTE ENERGY CO 0.32% 132.29 Delayed Quote.19.94%
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Financials (EUR)
Sales 2019 79 691 M
EBIT 2019 11 371 M
Net income 2019 4 045 M
Debt 2019 74 216 M
Yield 2019 4,92%
P/E ratio 2019 17,8x
P/E ratio 2020 14,2x
EV / Sales2019 1,85x
EV / Sales2020 1,77x
Capitalization 72 930 M
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Technical analysis trends DEUTSCHE TELEKOM AG
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 16,60  €
Last Close Price 15,27  €
Spread / Highest target 27,7%
Spread / Average Target 8,67%
Spread / Lowest Target -20,8%
EPS Revisions
Managers
NameTitle
Timotheus Höttges Chairman-Management Board & CEO
Ulrich Lehner Chairman-Supervisory Board
Christian P. Illek Chief Financial Officer
Claudia Nemat Head-Technology & Innovation
Michael Sommer Member-Supervisory Board
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