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Deutsche Telekom (DTE) raises guidance, ups dividend

By Jenni Reid


Deutsche Telekom logo on a smartphone
Deutsche Telekom has raised its earnings guidance for the third time this year – Photo: Shutterstock

Deutsche Telekom (DTE) stock was given a boost on Friday morning as the company hiked its full-year earnings guidance for the third time this year, and announced plans to raise its dividend. 

In its third-quarter results, Deutsche Telekom said it now expected full-year earnings before interest, taxes, depreciation and amortisation (EBITDA) of €38bn and free cash flow of €8.5bn, up from the forecasts of €37.2bn and €8bn it made in August. 

It added that, subject to approval, the board planned a dividend of €0.64 per share, up from €0.60 in the 2020 financial year. 

The company was among the top performers on the DAX index Friday morning, with its share price up 2.41% to €17.10 at 11:30 CEST. 

Upbeat Q3 

Third-quarter net revenue was up by 2.15 in organic terms to €26.9bn, though net profit adjusted for special factors fell 13% to €1.3bn. 

Growth was partly driven by T-Mobile US, in which the company has a 48.4% stake. The business added 1.3 million customers between July and September, more than any other US network, putting its customer base six million higher than a year earlier. 


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Adjusted EBITDA at Telekom Deutschland was up 3.9% year-on-year to €2.5bn, with 90,000 broadband customers added over the period and increased revenue from mobile communications.

Meanwhile an increase in travel over the summer meant revenue from roaming increased 1.2% to €2.9bn. 

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“Our businesses are performing even better than expected,” said Deutsche Telekom chief executive Timotheus Höttges.  

“Following strong figures in the first nine months, we are setting the bar for 2021 a little higher.”

Revenue and adjusted EBITDA were also higher at T-Mobile Netherlands, which Deutsche Telekom is in the process of selling to two private equity firms for €5.1bn. 

Read more: Deutsche Telekom to sell T-Mobile Netherlands for €5.1bn

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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