Deutsche Telekom Stock Down On Weak Q4 Profit; Sees Growth Ahead

Shares of Deutsche Telekom were losing around 6 percent in German trading after the telecom major Thursday reported weak profit in its fourth quarter, despite higher revenues. Looking ahead, the company expects profitable growth to continue over the next two years. EBIT is expected to increase sharply year-on-year in 2022 and 2023. Adjusted earnings, meanwhile, will be negatively affected mainly..

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