Deutsche Telekom “on track”

Deutsche Telekom has reported that it is “on track” despite unsteady market conditions. The German telco group exceeded its guidance for 2022, which it raised multiple times throughout the year. Total revenue increased by 6.1 per cent compared with 2021 to €114.4 billion. Service revenue increased by 10.6 per cent to €91.9 billion. Adjusted EBITDA AL was up by 7.7 per cent to €40.2 billion. Deutsche Telekom posted strong growth in free cash flow AL of 30.2 per cent to reach €11.5 billion.

Source: Deutsche Telekom “on track”