© Reuters. FILEP PHOTO: Deutsche Telekom signs are pictured on the headquarters of the German telecoms giant in Bonn, Germany, March 20, 2022. REUTERS/Wolfgang Rattay
BERLIN (Reuters) – Deutsche Telekom (OTC:)’s fourth-quarter earnings came in slightly above consensus on Thursday as the German telecomms operator issued guidance for slightly higher earnings this year.
Adjusted earnings before interest, tax, depreciation and amortisation after leases (EBITDA AL) stood at 9.96 billion euros ($10.58 billion) for the quarter, beating consensus estimates of 9.9 billion euros in a poll of analysts published by the company.
The telecoms operator’s quarterly revenue increased by 4.0% to 29.8 billion euros, below consensus estimates of 30.0 billion euros.
For the full year 2022, Telekom reported revenue of 114.4 billion euros, up 6.1% from the previous year, and EBITDA AL of 40.2 billion euros, up 7.7%.
The group said it now expected adjusted EBITDA AL of more than 40.8 billion euros in the 2023 financial year.
($1 = 0.9417 euros)