Deutsche Telekom 2009 results

Veröffentlicht: 10 März 2010
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A number of telecom industry investment analysts have downgraded Deutsche Telekom stock following the company's 2009 financial results.



Full year sales were down by 3.5% globally, excluding extraordinary items, while in the United States, the results were even worse with a 15.7% drop in Q4. Net profits (EBITDA) were down 4.5% for the full year worldwide.



The company says that cost discipline has allowed it to manage through difficult times, although its outlook for 2010 remains weak.



Deutsche Telekom faces a continuing sluggish economy and intense competition at home in Germany, where it is losing market share. Competition and price wars are also a problem for the company in the US, which was previously a strong source of revenue.



Both the German and UK operations are affected by regulatory pricing pressure, while financial crisis in Greece threatens the company's recent acquisition of the OTE Group.