T-Systems Group of Deutsche Telekom wants to increase profits, seeks to earn money: CEO



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PHOTO FILE: Adel Al-Saleh, Member of the Board of Directors of Deutsche Telekom AG and CEO of German telecommunications giant T-Systems, Deutsche Telekom, at the annual meeting of shareholders of the company in Bonn, Germany, May 17, 2018. Photo taken on May 17, 2018 2018. REUTERS / Wolfgang Rattay / Photo file

HANOVER, Germany (Reuters) – Deutsche Telekom's IT services group, T-Systems, is on track to boost its key profits this year, said managing director Adel Al-Saleh, but was still waiting for news. a return on investment for the biggest European telecoms group.

"This year is a year where we need to boost EBITDA growth, not just turnover," Al-Saleh said in an interview with Reuters. "Our goal is to achieve a positive cash contribution for the company by the end of 2021 or the beginning of 2022."

Report by Nadine Schimroszik; written by Douglas Busvine; edited by Thomas Seythal

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