Deutsche Telekom closed the second quarter of 2022 with net revenues up 5,9% to 28,2 billion euros, an adjusted Ebitda Al up 5% to 9,9 billion and an adjusted net profit up 15,7% to 2,4 billion. Thanks to this data, the company can increase its own guidance for the second time this year, a statement said.
On the occasion of the data, Timotheus Hoettgas, chairman of the board of Deutsche Telekom, said it is now a priority buy the majority of the US T-Mobile, reports the Reuters agency. “This is our most important strategic project at the moment,” said Hoettgas. Deutsche Telekom currently holds a 48,4% stake in T-Mobile, which will be raised to more than 50% in the medium term, he said.
Improved guidance, Ebitda to 37 billion from 36,6 billion
On the strength of the new data, theEbitda Al adjusted of the Group is now expected to reach around 37 billion euros, up from the previous forecast of more than 36,6 billion euros. This is attributable to both the positive business development of T-Mobile US and good performance outside the United States, a statement said. It is expected that the free cash flow AL will exceed 10 billion euros for the whole year. The business excluding the US is expected to contribute approximately $0,1 billion more than previously forecast. “We continue to grow despite the challenging economic environment,” said Hottges. “We are on track this year to achieve our ambitious goals announced at Capital Markets Day 2021. Our investments are paying off.”
In organic terms, ie net of the effects of exchange rates and changes in the composition of the Group, revenues for the second quarter remained practically unchanged compared to the level of the previous year. Service revenues increased 4,3 percent in the three-month period. Adjusted EBITDA AL decreased slightly by 0,9% due to the transition from Sprint's former phone leasing model, the statement said.
