The following is a summary of the Deutsche Telekom AG (DTEGY) Q4 2023 Earnings Call Transcript:
Financial Performance:
Deutsche Telekom reported an Ex-U.S. guidance increase from 14.0 to 14.4, reflecting a 3% growth.
Profit growth was shown in numerous sectors, with service revenue growing organically by 3.6% and EBITDA growth near 7%.
Free cash flow saw a significant boost, growing by 41% to over €16 billion.
The company anticipates further growth in 2024, expecting 42.9 billion EBITDA, €18.9 billion free cash flow, and adjusted EPS of at least €1.75.
Additionally, a dividend increase of 10% to €0.77 was announced, along with a €2 billion share buyback program
Deutsche Telekom successfully reduced its net debt by €10 billion.
Business Progress:
Deutsche Telekom continues to invest for the future with advancements in fiber technology, a new €2 billion tech fund, and generative AI.
The company's brand, Magenta, has become the most valuable brand in Europe and the most valuable Global Telekom brand.
The introduction of a dividend program and a buyback was launched by their US Subsidiary, T-Mobile.
In its business strategy, Deutsche Telekom places emphasis on B2B transformation, and has made significant investments in data centers in partnership with DT Capital Partners
Their focus for 2024 is to maintain commercial performance in all operating markets, improve customer satisfaction, decrease churn rates, and further build out their infrastructure.
More details: DEUTSCHE TELEKOM IR
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