(News Bulletin 247) – Deutsche Telekom on Thursday raised its annual targets for the second time this year, as the German telecom operator continues to benefit from the uninterrupted growth of its American subsidiary T-Mobile US.
The Bonn-based group now says it now anticipates an ‘Ebitda AL adjusted’ – a key sector measure – of 41 billion euros for 2023, against 40.9 billion previously.
For the record, its forecast at the start of the year was 40.8 billion euros.
In the second quarter, adjusted Ebitda AL increased by 1.5% to ten billion euros, including organic growth of 3.8%, for a turnover which fell by 2.4% 27.2 billion euros.
In a press release, Deutsche Telekom highlights the solid performance of T-Mobile US, which attracted 1.6 million net new subscribers in the United States in the second quarter, twice as many as its competitors Verizon and AT&T combined.
Despite these good results, the Deutsche Telekom share yielded 0.9% on Thursday morning, which brings its losses over the past three months to more than 12%, a decline that analysts attribute to rumors evoking the launch by Amazon of a low-cost mobile telephony offer for subscribers of its Prime service.
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