All Forecast / Outlook articles
-
Financial & PerformanceDT Q2 FY24 Guidance: Everything on point
Upgrade in US cash flow outlook puts DT in line to over-perform on flagship €18bn target for FY24.
-
Financial & PerformanceBT Q1 FY25 Guidance: on track despite Consumer fumble
Performance as broadly expected, and more challenge to come.
-
Financial & PerformanceVodafone Q1 FY25 Highlights: ‘relentless’ Group sees light at end of tunnel
Q1 FY24–25: Vodafone in midst of Germany tempest but all accounted for by upbeat management.
-
Financial & PerformanceVodafone Q1 FY25 In-depth: Germany in eye of storm, drags down Europe
Q1 FY24–25: Vodafone Germany dominates earnings call with again enlarged contribution to Group performance.
-
Financial & PerformanceVodafone Q1 FY25 Spend: cash ploughed into CX, B2B
Q1 FY24–25: customer experience, brand, and B2B investment begins.
-
Financial & PerformanceVodafone Q1 FY25 Guidance: ahead for now, but will fall back in line
Full-year outlook reconfirmed, with Q2 and Q3 ease-off set to bring Group back in line with expectations.
-
Financial & PerformanceBT FY23−24 Guidance: consistency with predictable growth by decade-end
As Openreach moves beyond the money pit nadir, BT management forecasts consistent growth by the 2030s. Vague and unqualified expectation for positive momentum comes as Group leverages recent spend for good…
-
Financial & PerformanceVodafone Q3: capex review finds no need for change, outlook on track
CFO Luka Mucic six months into his capex review (and counting), with nothing found yet to force a change to capital intensity levels; Group remains on track to hit FY expectations…
-
Suppliers & SCMOutsourcer ISS confident on DT mega-deal recovery
Deutsche Telekom’s German facilities partner says it has worked through majority of deal restructuring programme instigated in 2020. Business continues to target breakeven by end of FY22.
-
Financial & PerformanceDT’s top team drops €4m on shares
Leadership puts money where its mouth is following ambitious mid-term strategy update. German operator seeking to boost T-Share perceptions and align with T-Mobile US’ rising valuation.
-
PremiumGuidance: all levers set to growth mode
Earnings growth expected from both US- and Europe-side businesses. Sprint-boosted revenue base forecast for further expansion. TMUS to fuel revival from cash flow dip.
-
Network & InfrastructureT-Mobile US ups 5G pace with tower deal
Deal agreed after exchange of words over pace of 5G network buildout. Agreement worth $17bn over 15 years.
-
Financial & PerformanceONS data errors reshape UK telecoms landscape
The Office for National Statistics new methods marks change for the past 20 years’ price decline, but promise more accurate inflation and GDP readings. Change backs telcos’ claims that they are meeting demands of ‘more for less’ in tougher circumstances than assumed.
-
PremiumBT FY19–20: SME coronavirus pain hits BT early
BT did not overly dwell on the impact of the Coronavirus crisis, highlighting areas where it has assisted, as well as where it has benefited and sees potential opportunities.
-
PremiumBT FY19–20: Headline results reflect the ‘old normal’…
BT presented its headline financials as having been on track, COVID-19 crisis excepted. On an ‘adjusted’ basis, revenue and EBITDA were each down around 3% for the FY.
-
PremiumBT FY19–20: Jansen leading through the gloom
Managed services revenue slumps at Global, while mobile fails to prove itself a panacea across corporate divisions. Guidance for the year largely achieved, but post-COVID-19 uncertainty prompts Group to hold off on future forecasts. Transformation ambitions uprated on internal IT overhaul and redoubled commitment to invest in next-generation networks, ...
-
PremiumDT Group Q1 FY20 outlook: zero-touched
Display of strength extends to DT’s decision to leave guidance unchanged.
-
Premium‘Resilient but not immune’ Telefónica takes its medicine
Plans for a Telefónica joint-venture with Virgin Media provided the big news, while smaller steps taken on wider digital transformation plans. COVID-19 inflicts a manageable early hit, but Group cautious on longer-term prospects. Scrip dividend offered as Group aims to carefully manage its cash and discretionary spending.
-
PremiumDeutsche Telekom Q1/FY20 first take: only mild symptoms, so far
Upbeat executives comfortable enough to keep guidance and dividend unchanged, despite some COVID-19 impact on B2B projects and consumer sales.
-
PremiumVodafone FY19–20 quick take: no change here
Read infers Group is better placed, post-Colao for economic downturn. Della Valle confirms new, AT Kearney-inspired €1bn cost-cutting plan, after trailering move in late-2019. No disruption to Read’s M&A overhaul, beyond Egypt. Targets hit but glitchy performance, both at OpCos and Vodafone Business.