Deutsche Telekom Sets 2024 Financial Targets, Areas of Focus
20 Maio 2021 - 2:48AM
Dow Jones News
By Olivia Bugault
Deutsche Telekom AG set new financial targets and main areas of
focus for the years until 2024 in order to boost its growth, the
company said ahead of its capital markets day on Thursday .
The German telecommunications company said it expects its
adjusted earnings before interest, taxes, depreciation, and
amortization after leases to grow by 3% to 5% a year on average
through 2024, while it targets an average annual revenue growth of
1% to 2% over the same period.
Its adjusted earnings per share should rise to over 1.75 euros
($2.13) by 2024 and 40% to 60% of the EPS should be paid out as
dividend with a minimum dividend of EUR0.60 a share, the company
said.
Deutsche Telekom said it will focus on fiber, 5G and
digitalization in the coming years. "The percentage of customers in
Germany who can book a pure fiber line (FTTH) from Deutsche Telekom
is to increase from the current level of around 5% to more than 60%
by 2030," it said, adding that "the 5G mobile communications
standard is to cover 97% of the population in Germany by 2024."
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
May 20, 2021 01:33 ET (05:33 GMT)
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