(ABM FN-Dow Jones) Deutsche Telekom wants to grow turnover and profit faster in the coming years through the use of artificial intelligence and will buy back 2 billion euros of its own shares in 2025. This emerged from an update from the German telecom company on Thursday.
Deutsche Telekom expects to grow revenue by 4 percent per year between 2023 and 2027. For the period 2020 to 2024, the telecom company assumed annual revenue growth of 1 to 2 percent.
Adjusted EBITDA after leases should increase by 4 to 6 percent in the coming years. Deutsche still assumed 3 to 5 percent growth for 2020 to 2024.
Deutsche also said it wanted to buy back 2 billion euros worth of its own shares next year. A dividend of 0.90 euros per share was also proposed. This was previously 0.77 euros per share.
Source: ABM Financial News
