5/11/2017, 8:23 AM (Source: TeleTrader)
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Deutsche Telekom lifts sales by 5.8%

The German government's minority-owned Deutsche Telekom AG said on Thursday that its adjusted earnings before interest, tax, depreciation and amortization (EBITDA) increased 7.5% in the first quarter on an annual basis, to €5.55 billion, where Tim Hoettges, chief executive, declared that "investments in the United States have paid off." Reported earnings dropped 22.2% to €5.96 billion on revenue of €18.65 billion or 5.8% more than one year before. International sales were nudged up 1.8 percentage points to 67.3% year over year, while results improved also in the domestic market.

Cash investments including the mobile spectrum jumped 14.6% to €3.2 billion, while free cash flow was highlighted as "extremely positive," rallying 49.4% to €1.2 billion. One year before the carrier received €2.5 billion from the sale of EE in Britain to BT Group. Net profit declined 76.1% to €747 million on an annual scale, compared to the drop of 10.3% in adjusted net income to €939 million.

The number of mobile customers in the US increased 1.6% to 72.6 million quarter over quarter, while in Germany it rose 0.6% to 42.1 million. The results compares to 10.8% and 3.6%, respectively, on an annual scale.

Breaking the News / IT