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Deutsche Telekom Q2 revenues up 5.4% on US expansion

2013-08-08 08:11:00| Telecompaper Headlines

(Telecompaper) Deutsche Telekom has lowered its full-year outlook as the company plans to spend more to win new customers in the US. After a strong second quarter with 668,000 new postpaid customers at T-Mobile USA, the company said it now aims for 1-2 million additions over the full year, rather than the previous target of a stable customer base. The extra customer acquisition costs mean a reduction in the adjusted EBITDA outlook for 2013 to EUR 17.5 billion, from EUR 18 billion previously, and the free cash flow guidance falls to EUR 4.5 billion from EUR 5 billion. The growth in the US and the acquisition of MetroPCS from 01 May helped second-quarter revenues increase 5.4 percent from a year earlier to EUR 15.2 billion. On an organic basis, revenue was up 2.1 percent. In Germany, sales fell 0.8 percent to EUR 5.6 billion, and in the rest of Europe, revenue dropped 4.5 percent to EUR 3.4 billion, mainly due to cuts in mobile termination rates. Adjusted EBITDA for the group fell 6.0 percent to EUR 4.4 billion due to the higher spending in the US. DT increased capex 35 percent in Q2 to EUR 2.2 billion, mainly due to accelerated roll-out of the US network. Free cash flow fell 33.5 percent to EUR 1.1 billion. Net profit for the quarter was up 10.0 percent to EUR 530 million thanks to fewer one-time charges.

Tags: us deutsche expansion revenues

 

Deutsche Telekom wins new customers, sees earnings decline

2013-08-08 02:00:00| Total Telecom industry news

German incumbent posts 10% increase in Q2 net profit, but misses analysts' expectations.

Tags: customers deutsche decline sees

 
 

Deutsche Post Raises Forecast as Charges at Mail Unit Wane

2013-08-07 02:45:42| Telecom - Topix.net

Deutsche Post AG, Europe's largest postal service, raised its earnings forecast for this year after fewer one-time costs at the mail unit hurt second-quarter profit, lifting the stock to its highest in more than 5 years.

Tags: mail post unit charges

 

Škoda Transportation to deliver push-pull trains to Deutsche Bahn

2013-08-07 01:00:00| Railway Technology

Czech Republic-based locomotive maker Škoda Transportation has secured a contract worth 110m to supply six modern push-pull trains to DB Regio, a subsidiary of Deutsche Bahn (DB).

Tags: transportation deutsche deliver trains

 

Deutsche Post outlook improves as Asia strategy pays off

2013-08-06 15:01:44| Air Courier - Topix.net

The world's largest postal and logistics company by revenue reported a 14 percent rise in operating profit that was in line with expectations and raised its guidance for the whole of 2013 by 50 million euros to 2.75-3.0 billion euros.

Tags: post off pays strategy

 

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