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Deutsche Telekom grows Q3 net profit 60%
2015-11-05 08:23:00| Telecompaper Headlines
(Telecompaper) Deutsche Telekom reported third-quarter revenue up 9.3 percent to USD 17.1 billion. Growth slowed slightly from previous quarters due to the new handset leasing model introduced at T-Mobile US. Adjusted EBITDA increased 12.9 percent to EUR 5.2 billion. On an organic basis, excluding exchange rate effects and acquisitions and divestments, revenue rose 2.2 percent and EBITDA was up 8.1 percent.Net profit jumped 59.9 percent to EUR 809 million and was up by 30 percent to EUR 1.0 billion excluding one-time items. Deutsche Telekom said it would continue the high investments in broadband in order to sustain growth. In the third quarter, cash capex excluding spectrum licences reached 2.7 billion, up 8.2 percent from a year earlier. Free cash flow still increased 16.3 percent to EUR 1.3 billion. Deutsche Telekom confirmed its guidance for the full year 2015. Based on a constant exchange rate of USD 1.33 per euro, the company expects adjusted EBITDA of around EUR 18.3 billion and free cash flow of EUR 4.3 billion.
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Category:Telecommunications