2/24/2022, 7:06 AM (Source: TeleTrader)
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Deutsche Telekom: Net revenue grows 4.7% in Q4

Deutsche Telekom AG revealed on Thursday that its net revenue stood at €28.9 billion in the fourth quarter of fiscal 2021, representing a 4.7% increase from the same period a year ago. Net profit amounted to €471 million in the fourth trimester, falling 71.8% compared to the final three-month period in 2020.

Net revenue grew 7.7% from the full fiscal year 2020 to hit €108.8 billion in 2021 and net profit increased 0.4% to €4.2 billion.

"Adjusted earnings per share are expected to reach more than 1.25 euros [in the fiscal year 2022], compared to 1.22 euros in 2021. Deutsche Telekom also confirmed its target of at least 1.75 euros for 2024," the company said in the press release.

Baha Breaking News (BBN) / MS