Deutsche Telekom : Q2 2023: capex reduction to accelerate in H2 2023
>FCF up 9% vs full-year target of 41% - Deutsche Telekom has reported Q2 2023 results that came in a shade below forecasts for 1-5%, although the ambitious targets for 2023 have been confirmed (revenue, FCF) or even raised (EBITDAaL).Q1 2023 revenue at group level was up 3.2% to € 27,221m (consensus at € 27,330m) vs 2.6% y-o-y in Q1. EBITDA after leasing was € 9,891m (consensus at € 10,021m) up 3.8% y-o-y and 7.1% excluding the decline in the leasing model for s...Deutsche Telekom is engaged in the telecommunications services and information technology sectors. Co. operates as an integrated telecommunications provider. It is organized into four operating segments: Germany, Europe, and the United States; and Systems Solutions, as well as Group Headquarters and Shared Services. Co. provides fixed-network lines, broadband lines and mobile communications. Co. also provides customized Information and Communication Technology (ICT) solutions for corporate customers under the T-Systems brand. The Group Headquarters and Shared Services segment comprises cross-segment management functions, real estate services, and mobility solutions, among others.
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