Deutsche Telekom Q2 profit down, organic revenue up 3.9%
Earnings per share was 0.13 euros compared to 0.16 euros. Adjusted earnings per share was 0.23 euros compared to 0.24 euros. Adj. EBITDA increased 8.6 percent to 5.46 billion euros driven by the U.S. business, or on an organic basis was up 9.9 percent.
The Group said the improvement in adjusted EBITDA was partially offset by higher depreciation and amortization compared with the prior-year quarter, mainly as a result of the further roll-out of the 4G/LTE network and the terminal equipment lease model JUMP! On Demand launched at T-Mobile US in June 2015. Both elements resulted in a higher depreciation and amortization base.
Second-quarter net revenue was 17.82 billion euros compared to 17.43 billion euros, a year ago. Net revenue was up 2.2 percent in the quarter, or on an organic basis was up 3.9 percent. The Group said the rapid customer growth at T-Mobile US made a substantial contribution to the Group's net revenue growth.
For 2016, Deutsche Telekom continues to expect: revenue to increase and; adj. EBITDA to be around 21.2 billion euros. ■