T-Systems revenues drop 8.3% to EUR 1.7 billion

Thursday 11 May 2017 | 11:35 CET | News
T-Systems revenues decreased 8.3 percent to EUR 1.704 billion for the first quarter of this year, as external revenues dropped 11.4 percent to EUR 1.369 billion. The international revenues decreased by 26.6 percent to EUR 482 million as revenues in the first quarter in 2016 had a positive billing effect after the completion of the set-up phase of the toll collection system in Belgium. The EBITDA dropped by 51 percent to EUR 96 million mainly due to Belgium toll collection system effect. The EBIT for Q1 2017 amounts to minus EUR 200,000 due to the same effect. Excluding the one-time negative

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Categories: General
Companies: T-Systems
Countries: Europe / Germany
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