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STOCKS NEWS EUROPE-Cut to free cash flow outlook hits Dt Telekom

Reuters - UK Focus

Shares in Deutsche Telekom (Xetra: DTE.DE - news) fall 2.1 percent to become the second biggest decliners in Germany's benchmark DAX index, after the group scraps its outlook for free cash flow (FCF) in 2015.

"The full-year 2015 statements should affect the share price today," Equinet analyst Adrian Pehl writes in a note to clients.

The former German phone monopoly says it will not reach its original 2015 target of 6 billion euros ($8.24 billion) in free cash flow and said the figure for this year would drop to around 4.2 billion euros from 4.6 billion last year.

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($1 = 0.7278 euros)

Reuters messaging rm://christoph.steitz.thomsonreuters.com@reuters.net