0
General

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

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: T-Systems
Countries: Europe / Germany
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

ALE launches expanded partnership with Telekom's T-Systems

Published 17 Jan 2018 14:53 CET | Germany
Having already established a successful partnership cooperating in public sector projects in Germany, T-Systems and ALE said they ...

Deutsche Telekom changes head of T-Systems

Published 13 Sep 2017 15:59 CET | Germany
Deutsche Telekom announced a change in management at its unit T-Systems. Board member in charge of T-Systems, Reinhard Clemens is ...

T-Systems hires Fleutiaux from Fujitsu to run IT division

Published 26 Jun 2017 10:08 CET | Germany
T-Systems appointed Francois Fleutiaux as head of the IT Division from 01 September. The post had been vacant since Ferri ...

T-Systems, Huawei start cloud computing partnership for SA

Published 26 Apr 2017 16:05 CET | South Africa
South African operator IT services and consulting firm T-Systems is looking to disrupt South Africa's cloud computing market ...

Magyar Telekom accepts more students to IT contest

Published 26 Apr 2017 15:21 CET | Hungary
Magyar Telekom doubled the number of student teams who can take part in its 'Become an IT expert' programme to 40 as more than ...

T-Systems deploys platform for Trumpf's portal

Published 26 Apr 2017 14:22 CET | Germany
T-Systems developed and implemented a platform based on Akamai technology for German high-tech company Trumpf's customer portal. ...