Deutsche Telekom grows Q3 net profit 60%

News General Europe 5 NOV 2015
Deutsche Telekom grows Q3 net profit 60%

Deutsche Telekom reported third-quarter revenue up 9.3 percent to EUR 17.1 billion. Growth slowed slightly from previous quarters due to the new handset leasing model introduced at T-Mobile US, but the US operations were still responsible for most of the growth. Sales in Germany were up just 0.1 percent to EUR 5.6 billion, and sales in the rest of Europe fell 3.6 percent to EUR 3.2 billion. Adjusted EBITDA increased 12.9 percent to EUR 5.2 billion. On an organic basis, excluding exchange rate effects and acquisitions and divestments, revenue rose 2.2 percent and EBITDA was up 8.1 percent. Net profit jumped 59.9 percent to EUR 809 million and was up by 30 percent to EUR 1.0 billion excluding one-time items. 

Deutsche Telekom said it would continue the high investments in broadband in order to sustain growth. In the third quarter, cash capex excluding spectrum licences reached EUR 2.7 billion, up 8.2 percent from a year earlier. Free cash flow still increased 16.3 percent to EUR 1.3 billion. Deutsche Telekom confirmed its guidance for the full year. Based on a constant exchange rate of USD 1.33 per euro, the company expects adjusted EBITDA of around EUR 18.3 billion and free cash flow of EUR 4.3 billion in 2015.

The German operator ended the quarter with a total 157.4 million mobile customers, up 4.6 percent since the start of the year. Broadband customer rose by 1.7 percent in the year to date to 17.7 million, and the number of fixed lines in the group fell by 2.0 percent to 29.2 million. 

Categories:

General

Companies:

T-Mobile,  Deutsche Telekom,  T-Mobile US

Regions:

Europe

Countries:

Germany,  United States

Tags:

Voice services, Data services, Financial figures, Internet Access

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