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Deutsche Telekom sees solid growth continuing in 2016

2016-02-25 08:06:00| Telecompaper Headlines

(Telecompaper) Deutsche Telekom said it expects continued growth in 2016, led by its US operations. In 2015, the company exceeded its guidance, with adjusted EBITDA up 13.3 percent to EUR 19.9 billion compared to guidance of EUR 18.3 billion, helped by the stronger dollar. Free cash flow was also better than expected, up 9.8 percent to EUR 4.5 billion. Revenues rose 10.5 percent to EUR 69.2 billion, and the adjusted net profit was up by almost 70 percent to EUR 4.1 billion. For 2016, the operator forecast adjusted EBITDA up over 6 percent to around EUR 21.2 billion, free cash flow growth of 8 percent to EUR 4.9 billion, and an increase in capital expenditure to EUR 11.2 billion from EUR 10.8 billion last year. 

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