"Thanks to our growing businesses on both sides of the Atlantic, we are confident we will up the ante yet again in 2024," CEO Tim Hoettges said in a statement.
The company, which owns T-Mobile US, expects its adjusted earnings before interest, taxes, depreciation and amortization after leases (EBITDA AL) to increase this year by around 6% to around 42.9 billion euros, it said.
Free cash flow AL is expected to increase by around 16% to around 18.9 billion euros.
In 2023, adjusted EBITDA AL inched up by 0.7% and free cash flow by more than 40%, according to the full-year results.
In its domestic market, Deutsche Telekom said it recorded positive trends in all areas, while its T-Mobile US customer base recorded the largest growth in the industry.
(Reporting by Hakan Ersen and Rachel More; editing by Bartosz Dabrowski)
