By Adria CalatayudDeutsche Telekom forecast growth in adjusted earnings would pick up this year, supported by its U.S. and European operations, but reported a fall in net profit for the fourth quarter. Free cash flow after leases is expected to increase by 16% to EUR18.9 billion, while adjusted earnings per share are estimated to grow 10% to more than EUR1.75, the company said. For the fourth quarter, Deutsche Telekom made a net profit of EUR1.83 billion, down from EUR1.99 billion in the same period last year. Analysts had forecast the company's net profit at EUR1.63 billion, adjusted Ebitda after leases of EUR10.07 billion and revenue of EUR28.49 billion, according to consensus estimates provided by the company. Write to Adria Calatayud at adria.calatayud@wsj.com(END) Dow Jones NewswiresFebruary 23, 2024 01:36 ET (06:36 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.

Source: Wall Street Journal February 23, 2024 18:45 UTC