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Deutsche Telekom Q1 net revenue up 3.1 percent

Staff Writer |
A good start to 2018 for Deutsche Telekom on both sides of the Atlantic.

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In the first quarter of the year, net revenue rose by 3.1 percent year-on-year in organic terms, i.e., adjusted for exchange rate effects and changes in the composition of the Group.

Adjusted EBITDA in organic terms increased by as much as 6.6 percent. The strong euro, which gained more than 15 percent against the U.S. dollar in one year, impacted on the figures reported, reducing revenue by 3.9 percent to 17.9 billion euros. Reported adjusted EBITDA remained stable at 5.5 billion euros.

Other key indicators are also trending upward. Free cash flow totaled 1.4 billion euros in the first quarter of 2018, an increase of 12.5 percent year-on-year.

Due to a marked decrease in the loss from financial activities, net profit rose by 32.8 percent to 1.0 billion euros. Adjusted net profit increased by 26.7 percent to 1.2 billion euros.

Driven by developments in the United States, where T-Mobile US raised its forecast after a strong first quarter, Deutsche Telekom is raising its guidance for adjusted EBITDA in the full-year 2018 from around 23.2 to around 23.3 billion euros.

The free cash flow forecast remains unchanged at around 6.2 billion euros.

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