Deutsche Telekom AG - Financial results third quarter 2023

• Net revenue up 0.7 percent in organic terms in the third quarter to 27.6 billion euros; high-margin service revenues up 4.1 percent in organic terms
• Adjusted EBITDA AL up 6.2 percent in organic terms to 10.5 billion euros
• Net profit up 21.9 percent to 1.9 billion euros
• Full-year guidance raised for third time
• Dividend to increase to 77 eurocents per share, share buy-backs of up to 2 billion euros planned
• Germany: strong growth in mobile and broadband customer bases
• T-Mobile US: industry leader in customer net additions
• Europe: Growth trend continues

Deutsche Telekom continues to grow in all key performance indicators, raises its guidance for the full year and plans to pay out a higher dividend. In the third quarter, revenue increased by 0.7 percent year-on-year in organic terms – i.e., excluding exchange rate fluctuations and changes in the composition of the Group – to 27.6 billion euros. Service revenues increased by 4.1 percent in organic terms. At the same time, the Group’s adjusted EBITDA AL grew 6.2 percent in organic terms to 10.5 billion euros. The business on both sides of the Atlantic contributed to this. Despite higher capital expenditure in Germany year-on-year, free cash flow AL increased by 61.4 percent to 4.7 billion euros in the quarter.

Full press release