2011年5月6日星期五

Deutsche Telekom: lower earnings in Q1


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.

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