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Deutsche Telekom Q3 net profit increased 59.9 percent

Staff writer |
Deutsche Telekom net profit increased by 59.9 percent to 809 million euros compared with the same period in the prior year. Adjusted for special factors, net profit increased by 30 percent to 1.0 billion euros.

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Adjusted EBITDA also recorded substantial growth, increasing by 12.9 percent to 5.2 billion euros. At the same time, net revenue increased by 9.3 percent to 17.1 billion euros. Revenue growth was somewhat lower than in the previous quarters due to the effects of the new terminal equipment lease model in the United States.

On an organic basis, i.e., adjusted for exchange rate effects and changes in the composition of the Group, revenue increased by 2.2 percent and adjusted EBITDA by 8.1 percent in the third quarter.

The Group invested 2.7 billion euros in the third quarter of 2015, which in terms of cash capex excluding mobile spectrum expenses is 8.2 percent more than the previous year.

Despite the high capital expenditure, free cash flow also increased substantially, by 16.3 percent to 1.3 billion euros. This made a significant contribution to reducing net debt from 48.8 billion euros to 47.8 billion euros in just three months.

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

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