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Stocks in Europe start in green companies continue to report results

2019-08-08 07:29 am | Resource: News | No Views : 22

Stocks in Europe start in green  companies continue to report results

European stock indexes were trading with significant gain on Thursday as investors took better-than-expected profits from Thyssenkrupp and Deutsche Telekom.

The focus also remained on the US-China trade dispute, with Beijing setting the yuan to 7.0039 against the dollar, the lowest against the dollar since April 2008.

Deutsche Telekom revenues rise 3.2% in the first half

Deutsche Telekom AG said on Thursday its net revenues in the first half of 2019 amounted to 39.2 billion euros, up 7.9% year-on-year, while its adjusted revenue for net positive exchange rate effects increased by 1.2 billion euros or 3.2%. On an annual basis. The company's earnings per share was 0.53 euros, up 3.9% compared to the first six months of 2018.

There was a jump in reported net profit in the second quarter of 900 million euros, up 90.7% from the previous year level. Adjusted EBITDA rose year on year by 0.9 billion euros, or 7.7%, to 12.2 billion euros in the first half of 2019. Meanwhile, the number of employees in the company decreased by 1.4% compared to the end of 2018.

`` Total revenue for the US operating sector increased by 19.6 billion euros in the first half of 2019 by 13.6%, while total revenue for T-Mobile US increased by 6%, '' said Tim Hutz, CEO of Deutsche Telekom.

`` We remain credible. Our work is good in all areas again in the first half of 2019. This puts us in a position to deliver the results we promised. ''

European stock openings
  • The DAX rose 1.10% at 8:55 CET.
  • The CAC 40 rose 1.30% at the same time. in the UK ,
  • The FTSE 100 rose 42% at 8:55 CET.

The euro was down 0.06% in dollar compared to the dollar, trading at 1.12054 at 8:54 CET. The pound was up 0.12% against the US currency, reaching 1.21584 at 8:55 CET.


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