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

DEUTSCHE TELEKOM AG

(DTE)
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Deutsche Telekom : is committed to Europe

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05/20/2019 | 10:28am EDT

Deutsche Telekom lies at the heart of Europe. Also, Europe is dear to Deutsche Telekom as it is key to cultural diversity in the workplace, success in business, and the emergence of technological innovations. That's why employees and CEOs of Deutsche Telekom's European subsidiaries have taken a clear stance on Europe.

The CEO are inviting their colleagues, employees, and fellow citizens to take part in the European Parliament elections. Tim Höttges, CEO of Deutsche Telekom, has underlined the importance of European values above all: 'For our attitude, for openness, for diversity, for tolerance, and for respect for human rights. We have to show our support for a united Europe and get out to vote!'

Deutsche Telekom has sites or subsidiaries in 20 of the 28 EU member states. As the largest telecommunications company in Europe, it is playing a central role in the continent's digitalization. Cultural diversity is part and parcel of the day-to-day lives and work of its employees.

Vanja Gailberger from T-Mobile Austria underlined this, saying, 'I have a very international team. I have colleagues from Croatia, from Romania, from the Czech Republic, and this diversity of culture and expertise is beneficial to the entire team. It's a kind of Champions League for Deutsche Telekom.'

Europe is facing a number of difficulties, however, as things such as Brexit and rising nationalism and economic protectionism all pose challenges to a successful union. Anja Ingenrieth, head of the office European Public Affairs in Brussels, has spoken out clearly against these trends: 'I'm committed to Europe because, despite its failings, the project of unifying Europe has been a monumental success. It has made it possible for my generation to live out our lives in peace, freedom, security, and prosperity, and I would like that to remain in place for future generations.'

As a European company, Deutsche Telekom's business dealings are also influenced by political decisions, of course. The CEOs of the Deutsche Telekom Group have therefore made it clear that they are committed to Europe and intercultural diversity. They are inviting employees to take this opportunity and make their voices heard in the European Union elections.

'I can no longer imagine living in a European Union in which the nations are cut off from one another. That's why I'm saying: 'Let's continue to stand together and make ourselves heard in the European Parliament elections! Andreas Maierhofer, CEO of T-Mobile Polska.

Kostas Nebis, CEO of Hrvatski Telekom, looks to the future with optimism: 'While there are many benefits to living in Europe, there's still a lot to be done. We in Europe benefit from the strength of the 28 member states. I think we can achieve more together!'

Disclaimer

Deutsche Telekom AG published this content on 20 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 May 2019 14:27:04 UTC

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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 4,96%
P/E ratio 2019 17,7x
P/E ratio 2020 14,4x
EV / Sales2019 1,83x
EV / Sales2020 1,75x
Capitalization 71 772 M
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 16,60  €
Last Close Price 15,14  €
Spread / Highest target 28,8%
Spread / Average Target 9,60%
Spread / Lowest Target -20,1%
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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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