Trending: Deutsche Telekom Delivers Record Results in 2022
February 23 2023 - 9:56AM
Dow Jones News
1426 GMT - Deutsche Telekom AG is among the most mentioned
companies across news items over the past 12 hours, according to
Factiva data, after the German telecommunications giant reported
results for the fourth quarter and 2022. The company's adjusted
earnings before interest, taxes, depreciation and amortization
after leases--a closely watched metric in the industry--and revenue
rose to new record highs last year of 40.21 billion euros ($42.65
billion) and EUR114.41 billion, respectively, Chief Executive Tim
Hoettges said at a press conference. Price increases, savings and
hedging helped Deutsche Telekom weather cost inflationary pressures
arising mainly from energy and wages last year, Moody's Investors
Service's associate managing director Ivan Palacios said in an
emailed comment. Dow Jones & Co. owns Factiva.
(adria.calatayud@dowjones.com)
(END) Dow Jones Newswires
February 23, 2023 09:41 ET (14:41 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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