Deutsche Telekom raises guidance as Q1 core profit beats estimates

div classBodysc17zpet90 cdBBJodivpReuters – German telecoms group Deutsche Telekom reported first quarter core profit just above market estimates on Friday and raised its guidance for 2022.p

pAdjusted earnings before interest, tax, depreciation and amortisation after leases EBITDA AL rose 6.8 to 9.9 billion euros 10.3 billion, compared to a consensus estimate of 9.55 billion euros in a poll of analysts published by the company.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pThe telecoms operators first quarter net revenue rose by 6.2 to 28 billion euros.p

p“This was a strong start to the new year,” finance chief Christian Illek said in a statement. “We are continuing to grow on an organic basis and are therefore in a position to raise our guidance for 2022.”p

pThe group said it now expected adjusted EBITDA AL of more than 36.6 billion euros in the 2022 financial year, and planned free cash flow AL of more than 10 billion euros.p

p1 0.9621 eurosp

p

pp Writing by Paul Carrel, editing by Kirsti Knollep

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