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Deutsche Telekom Q3 net revenue grew by 5.9 percent

Staff Writer |
Deutsche Telekom enjoyed a successful third quarter in 2016, with strong figures from the United States and a stable trend in Germany.

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Net revenue grew by 5.9 percent compared with the prior-year quarter to 18.1 billion euros. At the same time, adjusted EBITDA rose 7.2 percent to 5.5 billion euros.

Free cash flow was much higher than in the prior year, up 45.6 percent to 1.9 billion euros.

This was despite a still high investment volume, which in terms of cash capex before spectrum reached 2.7 billion euros in the quarter, 1.5 percent more than in the prior-year quarter.

There was also clear growth in net profit, which stood at 1.1 billion euros, compared with 0.8 billion euros in the third quarter of 2015 – an increase of 30.2 percent.

This was mainly due to higher negative special factors in connection with staff restructuring in the previous year. Adjusted net revenue remained stable at 1.0 billion euros.

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