The logo of Deutsche Telekom is pictured at the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain February 28, 2023.
REUTERS/Nacho Doce/File PhotoSummaryCompanies Now sees 2023 EBITDA AL of 41.0 bln euros vs 40.9 blnQ2 EBITDA AL 10.04 bln euros vs consensus 10.02 blnQ2 revenues 27.2 bln euros vs consensus 27.3 billionBERLIN, Aug 10 (Reuters) - Deutsche Telekom (DTEGn.DE) slightly lifted its 2023 operating profit target a second time on Thursday, boosted by its U.S. business T-Mobile US (TMUS.O), which raised its outlook for customer growth two weeks ago.
Bonn-based parent Telekom said it now expects adjusted earnings before interest, taxes, depreciation and amortization after leases (EBITDA AL) to reach around 41 billion euros ($45.03 billion) this year, compared with previous guidance for about 40.9 billion.
The group reported second-quarter EBITDA AL that rose 1.5% year-on-year to 10.04 billion euros, a tad above analyst consensus for 10.02 billion.
Revenues slipped by 2.4% to 27.2 billion euros, slightly below consensus for 27.3 billion, as it withdrew from the terminal equipment business in the U.S. following its takeover of rival Sprint in 2020.
Persons:
Nacho, Maria Sheahan, Friederike Heine Our
Organizations:
Deutsche Telekom, Congress, REUTERS, Mobile, Telekom, Sprint, Thomson
Locations:
Barcelona, Spain, U.S, Bonn