Deutsche Telekom remains on track for growth in the third quarter

Delivered as promised. Deutsche Telekom remained on course for success in the third quarter of 2024, in line with the plans recently outlined by the company at its Capital Markets Day in mid-October. Revenue increased in the period from July to September by 3.6 percent year-on-year in organic terms – i.e., excluding exchange rate fluctuations and changes in the composition of the Group – to 28.5 billion euros. Service revenues grew by 3.8 percent in organic terms to 24.1 billion euros. Adjusted EBITDA AL increased in the reporting period by 6.4 percent in organic terms to 11.1 billion euros. The growth rates for reported figures, i.e., not in organic terms, were slightly lower due solely to the arithmetical effect of exchange rate fluctuations: Revenue was up by 3.4 percent, service revenue by 3.7 percent, and adjusted EBITDA AL by 5.8 percent.

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