Deutsche Telekom : Q2 2024: US and European growth offsetting wage increases in Germany
>Good Q2 2024 earnings, small FCF guidance raise - Q2 2024 sales up 4% y-o-y to € 28,394m (ODDO BHF € 27,686m, consensus € 27,937m), accelerating by 200bp. Q2 adjusted EBITDAaL is up 8% to € 10,819m (ODDO BHF € 10,600m, consensus € 10,771m). H1 2024 FCFaL up 26% y-o-y to € 9,838bn, helped by EBITDAaL growth and lower capex. The company is planning a CMD in October to introduce new mid-term guidance.Deutsche Telekom is slightly raising 2024 FCF guidance. For 2024,...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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