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Deutsche Telekom tops FY forecasts, sees further growth in 2020

2020-02-19 08:25:00| Telecompaper Headlines

(Telecompaper) Deutsche Telekom reported results for 2019 ahead of expectations and forecast further growth in 2020. Annual revenues increased 6.4 percent to EUR 80.5 billion, and adjusted EBITDA after leases improved 7.2 percent to EUR 24.7 billion, led by growth at T-Mobile US. Adjusted net profit rose 8.9 percent to EUR 4.9 billion, and free cash flow was up 15.9 percent to EUR 7.0 billion.

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