2/23, 7:07 AM (Source: TeleTrader)
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Deutsche Telekom's Q4 revenue up 4% to €29.8B

Deutsche Telekom AG revealed on Thursday that its revenue in the fourth quarter of fiscal 2022 stood at €29.8 billion, 4% higher than in the same period the year prior. Adjusted earnings per share rose by 60% year over year to €0.40, while net profit more than doubled to €1.01 billion in the final trimester of 2022.

Revenue grew 6.1% to €114.4 billion in full-year 2022. Net profit was up 91.6% from 2021 and reached €8 billion in 2022, and adjusted earnings per share increased by 50% to €1.83.

The company "is the sole telecommunications provider in the Western world with a successful business in both the United States and Europe" and it creates "the necessary investment leeway for implementing our strategy by restructuring our portfolio and making it viable for the future," CEO Tim Hoettges wrote in a letter to shareholders.

Baha Breaking News (BBN) / MS