DEUTSCHE TELEKOM : UBS remains Buy on the stock
'German EBITDA growth should slow to +1.0% in Q2, but rebound to +4.6% in Q3, given the timing of wage costs. There is no change in estimates for the fiscal year', says UBS.
The Bonn-based group - which stressed that it had posted 'record' profits in Europe in the first quarter - saw its sales rise by 1.6% on an organic basis to €27.9 billion.
It also confirmed that it was targeting Ebitda of €42.9 billion for the full year, representing growth of 6% compared with 2023.
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