Deutsche Telekom Q2 sales up over 15% on US growth

News General Europe 6 AUG 2015
Deutsche Telekom Q2 sales up over 15% on US growth

Deutsche Telekom reported a strong improvement in second-quarter results, led by the performance of T-Mobile US. Revenue rose 15.3 percent to EUR 17.4 billion, and adjusted EBITDA increased 13.5 percent to EUR 5.0 billion. On an organic basis, revenue was up 5.7 percent, and EBITDA rose 6.7 percent. 

Revenues in the US rose 41.2 percent to EUR 7.4 billion, and German revenues were also up 2.1 percent to EUR 5.6 billion, while the rest of Europe posted revenues down 0.9 percent to EUR 3.1 billion. The Systems Solutions division also grew revenue 3.2 percent to EUR 1.7 billion and moved to a positive EBIT.

Net profit was little changed year-on-year at EUR 712 million, due to extra staff-related costs. The German operator invested EUR 2.6 billion in the first half, excluding spectrum licences, an increase of 17.2 percent from a year earlier, while free cash flow still improved 31.1 percent to EUR 4.1 billion. Deutsche Telekom confirmed its guidance for 2015 adjusted EBITDA of around EUR 18.3 billion and free cash flow at EUR 4.3 billion.

Categories:

General

Companies:

Deutsche Telekom,  T-Mobile US

Regions:

Europe

Countries:

Germany,  United States

Tags:

Voice services, Data services, Financial figures, Internet Access

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