Technology Telekom with sales of more than 100 billion euros for the first time

14:00  26 february  2021
14:00  26 february  2021 Source:   pressfrom.com

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After taking over US competitor Sprint, Deutsche Telekom made a three-digit billion turnover for the first time in its history.

Im laufenden Jahr will die Telekom eine Schippe drauflegen und den operativen Gewinn steigern. © Oliver Berg / dpa In the current year, Telekom wants to go a step further and increase its operating profit.

Group-wide revenues rose last year by 25.4 percent to 101 billion euros, as the company announced in Bonn. If you look at the revenues on the basis of equal shares - i.e. without sprint - and without exchange rate influences, it would have been an increase of three percent. Foreign countries are becoming increasingly important for the former state monopoly, where he did three quarters of his business last year - in 2019 it was almost 70 percent.

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 Big Corona minus in Union cash register 1. FC Union is sporty. The coronavirus pandemic has weakened the Berlin Bundesliga club economically. For the first time in over a decade, the Köpenickers achieved a negative business result. Despite the highest budget up to that point, income of 70.39 million euros was offset by expenses of 77.84 million euros. © Andreas Gora / dpa-Pool / dpa / Archivbild Urs Fischer, coach from 1. FC Union Berlin, speaks before a game during an interview. The minus of 7.445 million euros was announced by mana

The profit climbed by 7.5 percent to 4.2 billion euros. With these figures, the company achieved its goals for 2020, which it only raised in November. In the current year, the group wants to go a step further and increase operating profit.

The corona pandemic turned out to be both a blessing and a curse. Because the closings of shops and the limited travel activity were headwinds for the company - because fewer people traveled to other regions of the world, roaming income fell. At the same time, the importance of Internet connections grew - and consumers were ready to dig deeper into their pockets than before. Alongside Vodafone and Telefónica, Deutsche Telekom is one of the three mobile network operators in Germany; it also offers fixed-line Internet connections and does business with major customers.

debts of the German state rise by 273 billion euros .
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