Telekom reports Q4 growth, forecasts slightly higher earnings in 2023

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Adjusted earnings before interest, tax, depreciation and amortisation after leases (EBITDA AL) stood at 9.96 billion euros ($10.58 billion) for the quarter, beating consensus estimates of 9.9 billion euros in a poll of analysts published by the company.

The telecoms operator’s quarterly revenue increased by 4.0% to 29.8 billion euros, below consensus estimates of 30.0 billion euros.

For the full year 2022, Telekom reported revenue of 114.4 billion euros, up 6.1% from the previous year, and EBITDA AL of 40.2 billion euros, up 7.7%.

The group said it now expected adjusted EBITDA AL of more than 40.8 billion euros in the 2023 financial year.

($1 = 0.9417 euros)