By Najat Kantouar
Deutsche Telekom reported lower net profit in the first-quarter but raised its full-year expectations, following an outlook increase from its U.S. subsidiary.
The German telecommunications company now expects adjusted earnings before interest, taxes, depreciation and amortization after leases of around 47.5 billion euros ($55.77 billion), up from a previous guidance of around 47.4 billion euros. It projects free cash flow after leases of more than 19.8 billion euros compared to around 19.8 billion euros previously.
It still anticipates adjusted earnings per share at around 2.20 euros.
The lifted full-year outlook reflects the raised guidance recently announced by its subsidiary T-Mobile US, it said.
For the quarter, net profit fell to 2.04 billion euros from 2.845 billion euros for the same period a year earlier.
Adjusted earnings before interest, taxes, depreciation and amortization after leases increased to 11.52 billion euros from 11.30 billion euros, while the corresponding margin was 38.6%, up from 38%.
Revenue rose slightly to 29.87 billion euros from 29.755 billion euros, reflecting growth in its key markets. Meanwhile, service revenue--a closely watched metric in the industry--grew 0.8% to 25.04 billion euros.
Analysts had forecast revenue at 29.70 billion euros and adjusted EbitdaaL at 11.345 billion euros, according to a company-compiled consensus.
Write to Najat Kantouar at najat.kantouar@wsj.com
(END) Dow Jones Newswires
05-13-26 0146ET
