Deutsche Telekom CFO: A Lot Of Work Ahead To Meet Guidance
06 Agosto 2009 - 4:33AM
Noticias Dow Jones
Deutsche Telekom AG (DT) said Thursday it will be challenging to
achieve its earnings outlook for the year.
"We have a lot of work ahead of us to meet our guidance," Chief
Financial Officer Timotheus Hoettges said at a press briefing.
In May, Telekom said it expects the Greek OTE group to boost the
group's adjusted earnings before, interest, taxes, depreciation and
amortization by around EUR2.0 billion over the eleven months of the
2009 financial year since its consolidation.
Stripped of OTE's contribution, Telekom forecast Ebitda, around
2% to 4% lower this year than the EUR19.5 billion a year
earlier.
Deutsche Telekom also said it expects OTE to contribute around
EUR0.6 billion to free cash flow, bringing the group total to
around EUR7 billion.
-By Frankfurt Bureau, Dow Jones Newswires; +49 69 29725 500;
djnews.frankfurt@dowjones.com