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Deutsche Telekom net revenue rose 15.3 percent

Staff writer |
Deutsche Telekom reported double-digit growth for the second quarter of 2015. Net revenue rose by 15.3 percent compared with the prior-year period to EUR 17.4 billion.

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Adjusted EBITDA rose by 13.5 percent to EUR 5.0 billion Organic growth, i.e., excluding exchange rate fluctuations and changes in the composition of the Group, was also strong, with revenue up 5.7 percent in the second quarter and adjusted EBITDA up 6.7 percent.

Investments in terms of cash capex before mobile spectrum expenses increased by 17.2 percent year-on-year to EUR 2.6 billion in the second quarter of 2015. At the same time, free cash flow improved by 31.1 percent to EUR 1.4 billion.

Adjusted net profit was up almost 70 percent to EUR 1.1 billion, due to higher adjusted EBITDA. Reported net profit, i.e., before adjustment for special factors, stood on a par with the prior-year level at EUR 0.7 billion.

However, negative special factors in the second quarter were some EUR 0.4 billion higher than in the prior year, due in part to higher expenses for staff-related measures.

Deutsche Telekom confirms its guidance for 2015. Based on a constant exchange rate compared with 2014 of USD 1.33 per euro, adjusted EBITDA is expected to reach around EUR 18.3 billion and free cash flow around EUR 4.3 billion.

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