Deutsche Telekom reported a 7.8% increase in its second quarter core earnings on Thursday, in line with analysts’ consensus, boosted by strong growth in its Europe division that excludes Germany. <\/p>\n
Telekom, which is Europe’s biggest telecoms provider by market capitalisation and also owns T-Mobile US in the United States, posted adjusted earnings before interest, tax, depreciation and amortisation after leases (EBITDA AL) of 10.8 billion euros ($11.8 billion) for the quarter, matching analysts’ consensus compiled by Vara. <\/p>\n
In its home market Germany, it recorded continued growth of 1% in adjusted EBITDA AL. <\/p>\n
Elsewhere in Europe, adjusted EBITDA AL reached 1.1 billion euros, up 8.2% from the same quarter a year prior, with the Bonn-based group calling it record profit growth. <\/p>\n
The group’s adjusted net profit climbed 31% to 2.5 billion euros, while free cash flow after leases was up 48.5% at 5.2 billion euros, 15.6% above expectations of 4.5 billion euros. <\/p>\n
The German telecommunications company raised its full-year guidance for free cash flow after leases to around 19 billion euros, up from the around 18.9 billion euros it had previously forecast. <\/p>\n
The outlook upgrade follows a similar move by T-Mobile US, which raised its forecasts for free cash flow and monthly bill-paying phone subscriber additions last <\/p>\n","protected":false},"excerpt":{"rendered":"
Deutsche Telekom reported a 7.8% increase in its second quarter core earnings on Thursday, in line with analysts’ consensus, boosted by strong growth in its Europe division that excludes Germany. Telekom, which is Europe’s biggest telecoms provider by market capitalisation and also owns T-Mobile US in the United States, posted adjusted earnings before interest, tax, depreciation and amortisation after leases (EBITDA AL) of 10.8 billion euros ($11.8 billion) for the quarter, matching analysts’ consensus compiled by Vara. In its home market Germany, it recorded continued growth of 1% in adjusted EBITDA AL. Elsewhere in Europe, adjusted EBITDA AL reached 1.1 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-842842","post","type-post","status-publish","format-standard","hentry","category-telecom"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/842842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=842842"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/842842\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=842842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=842842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=842842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}