The first European telecommunications group Deutsche Telekom raised its objectives for 2022 on Friday following a successful first quarter thanks to a partner found in optical fiber and its organic growth.
Net profit group share at the end of March stood at 3.95 billion euros (4.12 billion francs), more than quadrupling over one year.
The operator explains this in large part by the 50% stake acquired, completed during the past quarter, by the Australian investment fund IFM in a joint venture intended to equip underserved areas of Germany with fiber optics. .
The German also separated at the end of March from its Dutch subsidiary in mobile telephony, which it owned at 75%.
At the operational level, sales increased by 6.2% over one year, to 28 billion euros, and adjusted operating income, following rental costs, reached 9.88 billion euros, up 6, 8% over one year.
These results are notably driven by the good performance of the American subsidiary of Deutsche Telekom, T-Mobile. The sale of the Dutch subsidiary enabled the German to finance the rise in the capital of T-mobile, as announced in April.
“Our organic growth continues and we are in fact in a position to raise our forecast for 2022,” said the company’s financial director, Christian Illek, quoted in a press release.
The Bonn group now expects adjusted operating income (EBITDA, following rentals) of more than 36.6 billion euros for 2022, once morest around 36.5 billion initially, despite a reduction in its scope. of activities.
The free cash flow, following investments, must exceed 10 billion euros, once morest an amount approaching it as initially planned.
/ATS
