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Deutsche Telekom Q2 net profit up almost 150 percent

Christian Fernsby |
Deutsche Telekom second quarter net revenue rose 6.8 percent year-on-year in organic terms adjusted for changes in the composition of the Group and exchange rate effects reaching 26.6 billion euros.

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Adjusted EBITDA AL amounted to 9.4 billion euros. In organic terms, it rose by 1.1 percent. The development on a reported basis was not as strong on account of the weaker U.S. dollar compared with the prior-year period: Revenue was down by 1.7 percent and adjusted EBITDA AL down by 4.2 percent.

At 2.8 billion euros, free cash flow AL was up 14.1 percent year-on-year in the second quarter. At the same time, the Group stepped up its investments once again: up 16.8 percent to 4.3 billion euros in terms of cash capex excluding expenses for mobile spectrum.

There was a massive increase in net profit, which was almost 150 percent higher than a year earlier at 1.9 billion euros. Adjusted for special factors, net profit increased by 65.3 percent to 2.1 billion euros in the second quarter.

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