A view shows the logo of telecommunications giant Deutsche Telekom AG during the company’s annual news conference in Bonn, Germany, February 23, 2023. REUTERS
Aug 7 – Deutsche Telekom reported second-quarter core profit in line with analyst expectations on Thursday, citing continued growth in both Germany and the U.S., and edged up its full-year profit guidance.
The Germany-based telecoms giant reported second quarter adjusted earnings before interest, taxes and amortization after leases (EBITDA AL) of 11 billion euros ($13 billion), compared with the 10.95 billion euros expected by analysts in a company provided poll.
“We are again seeing sustained strong growth on both sides of the Atlantic throughout the second quarter,” Chief Executive Tim Hoettges said in a statement.
The group slightly raised its core profit guidance for 2025, now expecting more than 45 billion euros, adjusted from around 45 billion euros expected before.
It also adjusted its free cash flow AL expectations for 2025, now expecting over 20 billion euros from around 20 billion euros.
The new guidance comes after its New York listed subsidiary T-Mobile US (TMUS.O), in July, raised its annual forecast for postpaid net customer additions after adding more wireless subscribers than expected in the second quarter.
Reporting by Marleen Kaesebier and Maria Rugamer in Gdansk; Editing by Matt Scuffham
