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MarketScreener Homepage  >  Equities  >  Tokyo  >  SoftBank Group Corp    9984   JP3436100006

SOFTBANK GROUP CORP (9984)
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Deutsche Telekom raises guidance after collapse of U.S. deal

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11/09/2017 | 07:28am CEST
FILE PHOTO: A logo of Germany's telecommunications giant Deutsche Telekom AG is seen before the company's annual news conference in Bonn

FRANKFURT (Reuters) - Deutsche Telekom (>> Deutsche Telekom) reported a gain of 3.3 percent in third-quarter core profits and raised its outlook for 2017 as it tries to move on from the collapse of a merger between its T-Mobile US (>> T-Mobile US) unit and Sprint Corp (>> Sprint Corp).

FRANKFURT (Reuters) - Deutsche Telekom (>> Deutsche Telekom) reported a gain of 3.3 percent in third-quarter core profits and raised its outlook for 2017 as it tries to move on from the collapse of a merger between its T-Mobile US (>> T-Mobile US) unit and Sprint Corp (>> Sprint Corp).

Europe's largest telecom company raised its forecast for 2017 adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) to 22.4 to 22.5 billion euros (19.79 billion pounds to 19.88 billion pounds) from 22.3 billion euros, and confirmed 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," CEO Tim Hoettges said 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."

Hoettges flew 50,000 km in seven days in a bid to save the deal to unite the third- and fourth-largest U.S. market players, only to call it off last weekend because, he later told staff, it would not have added value.

He said that $40 billion in investments in recent years had built the basis for strong future growth at T-Mobile US.

Deutsche Telekom on Thursday reported 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 percent to 18.25 billion euros, compared to an expected 18.4 billion.

The costs of scaling up the U.S. business have also weighed on the group balance sheet, with net debt rising 8.6 percent from a year ago to 52.6 billion euros as of Sept. 30.

Free cash flow in the quarter came in at 1.87 billion euros, down 1.6 percent.

(Reporting by Douglas Busvine; Editing by Maria Sheahan and Victoria Bryan)

Stocks treated in this article : Deutsche Telekom, SoftBank Group Corp, Sprint Corp, T-Mobile US
Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE TELEKOM -0.72% 13.8 Delayed Quote.-6.05%
SOFTBANK GROUP CORP 1.52% 11045 End-of-day quote.19.79%
SPRINT CORP -0.23% 6.3716 Delayed Quote.8.49%
T-MOBILE US -0.46% 68.76 Delayed Quote.8.75%
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Financials (JPY)
Sales 2019 9 382 B
EBIT 2019 1 023 B
Net income 2019 777 B
Debt 2019 12 747 B
Yield 2019 0,40%
P/E ratio 2019 15,33
P/E ratio 2020 7,54
EV / Sales 2019 2,65x
EV / Sales 2020 2,60x
Capitalization 12 157 B
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Number of Analysts 13
Average target price 13 541  JPY
Spread / Average Target 23%
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Managers
NameTitle
Masayoshi Son Chairman, President & Chief Executive Officer
Raul Marcelo Claure Chief Operating Officer & Director
Norikazu Oba Manager-Finance & Planning
Tadashi Yanai Independent Outside Director
Ken Miyauchi Representative Director & Vice President
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