BREAKING NEWS
Advertising
This content is not available in your region

Deutsche Telekom targets 3-5% profit growth through 2024

Access to the comments Comments
Deutsche Telekom targets 3-5% profit growth through 2024
Deutsche Telekom targets 3-5% profit growth through 2024   -   Copyright  (c) Copyright Thomson Reuters 2021. Click For Restrictions - https://agency.reuters.com/en/copyright.html
Text size Aa Aa

BERLIN (Reuters) – Deutsche Telekom said it was targeting growth in core profits of 3-5% per year through 2024, and annual increases in revenue of 1-2%, in new mid-term targets announced on Thursday ahead of a two-day investor presentation.

Adjusted earnings per share are expected to rise to more than 1.75 euros ($2.13) by 2024, compared to 1.20 euros in 2020, the Bonn-based telecoms group that operates in Europe and the United States said in a statement.

Management would propose a divided of 40-60% of adjusted earnings per share, subject to a floor of 0.60 euros that was introduced after U.S. unit T-Mobile agreed to take over smaller rival Sprint.

“We step up our efforts,” said CEO Tim Hoettges. “We want to outperform the strong development of the last few years and lead the Group into the future with sustainable growth.”

($1 = 0.8210 euros)

(Reporting by Douglas Busvine; Editing by Riham Alkousaa)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.