Deutsche Telekom raises yearly earnings forecast to €43 billion, citing strong growth in U.S. and Germany.

Deutsche Telekom raised its full-year earnings forecast to €43 billion, up from €42.9 billion, due to strong performance in the U.S. and Germany. Revenue increased by 3.4% to €28.5 billion, with earnings before interest, taxes, depreciation, and amortization after leases (EBITDAAL) up 6.4% to €11.1 billion. The growth was attributed to cost discipline and strong subscriber growth at T-Mobile US, where service revenue rose 4.2%. In Germany, service revenue grew 2.1% to €5.65 billion.

November 14, 2024
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