Deutsche Telekom AG
posted results for the fourth quarter on Thursday. Here’s what you need to know.
REVENUE: The German telecommunications company said revenue climbed to 28.93 billion euros ($32.71 billion) from EUR27.62 billion in the fourth quarter of 2020. Analysts had forecast revenue of EUR28.76 billion, according to company-provided consensus.
NET PROFIT: Net profit slipped to EUR471 million from EUR1.67 billion due to special factors that mainly relate to acquisition-and-integration costs and restructuring costs. Analysts had forecast a net profit of EUR800 million.
WHAT WE WATCHED:
—OUTLOOK: For 2022, the company expects adjusted earnings before interest, taxes, depreciation and amortization after leases–a closely-watched metric that measures operating earnings performance accounting for the adoption of IFRS 16 financial reporting standards–of around EUR36.5 billion. It expects free cash flow after leases of roughly EUR10 billion. It also expects adjusted earnings per share to reach more than EUR1.25 and confirmed its target of at least EUR1.75 for 2024.
Write to Mauro Orru at email@example.com; @MauroOrru94