Deutsche Telekom ( (DTEGY) ) has released its Q3 earnings. Here is a breakdown of the information Deutsche Telekom presented to its investors.
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Deutsche Telekom, a leading telecommunications provider, operates in the mobile and fixed-network sectors, offering a range of communication services across Europe and the United States. Known for its strong international presence, it serves millions of customers with innovative digital solutions.
In the first nine months of 2024, Deutsche Telekom reported a modest increase in net revenue by 2.7% to EUR 84.8 billion, with service revenue also growing by 3.9%. Despite a decline in EBITDA and net profit due to previous year’s one-off gains, the company continued to see strategic growth across various segments.
The financial highlights include a 6.2% increase in adjusted EBITDA AL to EUR 32.4 billion, and a significant rise in free cash flow by 28.3% to EUR 15.1 billion. Revenue growth was seen across all major segments, with Europe leading at 5.3%. The company also announced its intent to continue strategic investments, such as the acquisition of Metronet in the United States, and further digital initiatives.
Looking forward, Deutsche Telekom has raised its guidance for the 2024 financial year, expecting adjusted EBITDA AL to reach around EUR 43.0 billion. The company aims for continued growth driven by customer expansion, innovative services, and the use of artificial intelligence, supporting a positive outlook for investors and stakeholders.
