Deutsche Telekom (DT) has issued a relatively positive set of Q1 FY 2013 results (slightly lower than expected at top line level, but with EBITDA higher than expected in Germany and the US). Germany (38% of group revenue) performed better than expected in Q1 (due to an improved trend in mobile services); the rest of Europe was mixed (notably as a result of a large telecoms tax in Hungary). In the US, T-Mobile saw customer numbers stabilise, while EBITDA was significantly higher than predicted. The company has reiterated its 2013 guidance (EBITDA and FCF).
Deutsche Telekom (DT) has reported Q4 and FY 2012 results that are, on the whole, in line with expectations, particularly as regards revenue and FCF. Germany (39% of group revenue) had a more mixed Q4 than predicted (with services revenue down); while the rest of Europe fared better, margins remained under pressure. In the US, T-Mobile saw customer numbers stabilise while EBITDA declined. The group has maintained its 2013-2014 guidance (EBITDA/FCF), announced in December.
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