Promising start to the year with continued business improvements [Yahoo! Finance]
DEUTSCHE TELEKOM AG S/ADR (DTEGY)
NASDAQ:AMEX Investor Relations:
telekom.com/en/investor-relations
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Source: Yahoo! Finance
Promising start to the year with continued business improvements Highlights Organic growth was 6.0% in Q1 2024 (Q1 2023: 12.0%). Total revenue for the quarter amounted to DKK 20.1 billion (Q1 2023: DKK 19.3 billion). The organic growth development was mainly driven by successful implementation of price increases to offset wage increases and general cost inflation and volume growth. The operating margin developed in line with plan. This was mainly driven by continued operational improvements and efficiencies. Costs related to mobilisation of contracts won in 2023 have been incurred in the quarter. During the first months of the year, ISS has secured several smaller and mid-sized local IFS contract wins and extended contracts with Nordea and a global bank. In the beginning of April 2024, the divestment of ISS France was completed. Financial leverage remains broadly unchanged following the divestment. ISS has strengthened its position in the Swiss market with the bolt-on a
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