Deutsche Telekom is struggling to convince this morning at the Frankfurt Stock Exchange, while he has published quarterly results in sharp decline.
In detail, the German telecommunications operator unveiled a net profit of 480 million euros in its first quarter 2011, a drop of 37.4% over Q1 2010.
The adjusted EBITDA, for its part, fell 8.4% to 4.48 billion euros, while sales declined 7.7% to $ 14.6 billion euros.
"We did what we had, " said Rene Obermann, the CEO of Deutsche Telekom, adding that the planned sale of TMobile USA announced a new era for the group.
Turning to prospects, Deutsche Telekom confirmed its forecast of an annual adjusted EBITDA of 19.1 billion euros.
Around 10.40am, as the Deutsche Telekom dropped 1% to 11.1 euros on the Frankfurt market.
In detail, the German telecommunications operator unveiled a net profit of 480 million euros in its first quarter 2011, a drop of 37.4% over Q1 2010.
The adjusted EBITDA, for its part, fell 8.4% to 4.48 billion euros, while sales declined 7.7% to $ 14.6 billion euros.
"We did what we had, " said Rene Obermann, the CEO of Deutsche Telekom, adding that the planned sale of TMobile USA announced a new era for the group.
Turning to prospects, Deutsche Telekom confirmed its forecast of an annual adjusted EBITDA of 19.1 billion euros.
Around 10.40am, as the Deutsche Telekom dropped 1% to 11.1 euros on the Frankfurt market.
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