Deutsche Telekom 2019 Net Profit Soared, Expects Growth in 2020
February 19 2020 - 1:56AM
Dow Jones News
By Carlo Martuscelli
Deutsche Telekom AG said Wednesday that net profit rose 78% in
2019 as revenue climbed higher, and forecast further growth in the
year ahead.
The German telecommunications company made a profit of 3.87
billion euros ($4.19 billion) for the year compared with EUR2.17
billion in 2018, on revenue that grew 6.4% to EUR80.53 billion.
Adjusted earnings before interest, taxes, depreciation,
amortization after leases, or Ebitda AL, rose 7.2% to EUR24.7
billion from EUR23.1 billion, giving the company an adjusted Ebitda
AL margin of 30.7%, Telekom said.
The company said it expects revenue to increase in 2020, while
adjusted Ebitda AL is forecast at about EUR25.5 billion.
Write to Carlo Martuscelli at carlo.martuscelli@wsj.com;
@carlomartu
(END) Dow Jones Newswires
February 19, 2020 01:41 ET (06:41 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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