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Deutsche Telekom Q1 adjusted EBITDA AL rose 3.9 percent year-on-year

Christian Fernsby |
Deutsche Telekom recorded earnings growth in all areas in the first quarter of 2019, thereby seamlessly continuing the Group’s success from its record year of 2018.

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In organic terms, adjusted for exchange rate effects and changes in the composition of the Group, net revenue increased by 3.5 percent to 19.5 billion euros.

To provide better comparability with the prior year, Deutsche Telekom is reporting additional, adjusted KPIs as of this quarter.

Adjusted EBITDA AL (after leases) and free cash flow AL eliminate the effect of the new accounting standard IFRS 16 on the reporting of leases.

This approach is in line with the major European competitors and was explained in detail at the end of February with the presentation of the 2018 figures.

It ensures the comparability of key financial figures with the medium-term forecast from the Capital Markets Day 2018.

Adjusted EBITDA AL rose 3.9 percent year-on-year to 5.9 billion euros in organic terms.

Free cash flow AL totaled 1.6 billion euros.

In organic terms, it increased by 9.6 percent.

The increases in the reported figures, i.e., non-organic performance indicators, were even more pronounced, primarily due to the stronger U.S. dollar compared with the prior-year period and acquisitions in Austria and the Netherlands: On this basis, revenue increased by 8.7 percent, adjusted EBITDA AL by 8.3 percent, and free cash flow AL by 18.1 percent.

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