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General

Deutsche Telekom maintains FY growth outlook, Q2 sales up 2%

Thursday 11 August 2016 | 08:15 CET | News
Deutsche Telekom reported second-quarter revenues up 2.2 percent year-on-year to EUR 17.8 billion, led by the customer growth at T-Mobile US. On an organic basis, adjusted for exchange rate effects, revenue increased by 3.9 percent. DT said its decision to reduce the low-margin handset distribution business in Germany took around 0.7 percent off revenue. Adjusted EBITDA increased by 8.6 percent to EUR 5.5 billion and rose 9.9 percent on an organic basis. The improvement in EBITDA was partially offset by higher depreciation and amortization, mainly as a result of the further roll-out of LTE

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Categories: General
Companies: Deutsche Telekom / EE / T-Mobile US
Countries: Europe / United States
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