Robust demand has delivered Deutsche Telekom a surprisingly strong quarterly result.
On Thursday, the Bonn-based company marginally raised its full-year targets, buoyed by an improved outlook for its U.S. mobile subsidiary, T-Mobile. Telekom now aims for an operating profit of around €45 billion, up from the previous forecast of €44.9 billion. Free cash flow, a key metric for dividend calculation, is expected to reach approximately €20 billion, compared to the earlier estimate of about €19.9 billion.
In the first quarter, group revenues rose by 6.5 percent to €29.8 billion, while operating profit climbed 7.9 percent to €11.3 billion. Free cash flow surged by more than 50 percent to €5.6 billion. Analysts surveyed by the company had anticipated revenues of €29.69 billion, adjusted operating profit of €11.11 billion, and free cash flow of €4.39 billion.
(Reporting by Hakan Ersen, edited by Sabine Wollrab. For inquiries, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and economics) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).)
