Deutsche Telekom announced higher revenue for the third quarter and upgraded its full-year estimates for the third time this year, mainly thanks to the contribution of T-Mobile US as well as its operations outside the US.
The German telecommunications group announced that revenues increased to 26.88 billion euros from 26.39 billion euros a year ago.
Adjusted EBITDA fell slightly to 9.66 billion euros from 9.69 billion euros.
Net profit rose to 889 million euros from 817 million euros.
Analysts expected revenues of 27.15 billion Euros, adjusted EBITDA after leases of 9.35 billion Euros and net profits of almost 1.11 billion Euros.
“Our business is performing better than expected,” said CEO Tim Hoettges.
Now, the company expects adjusted EBITDA after leases of 38 billion Euros for the year, higher than previous estimates for at least 37.2 billion Euros.
It also expects cash flows of about 8.5 billion euros, instead of the previous 8 billion euros.
.
Source From: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
