Bonn, Nov. 10, (dpa/GNA) - German telecom giant Deutsche Telekom reported Thursday that its third-quarter net profit climbed 77.5% to €1.58 billion ($1.584 billion) from €889 million a year ago.
Adjusted net profit rose €2.41 billion, compared to last year’s €1.31 billion euros, the company said.
Adjusted earnings before interest, tax, depreciation and amortisation after leases (EBITDA AL) went up 8.5% to €10.5 billion, while net revenue increased 8.8% to €29.0 billion from €26.64 billion last year.
Excluding changes in exchange rates and the composition of the group, net revenue was up 0.5%.
Further, the Board of Management plans to pay out a dividend of €0.70 per share, 10% higher than last year, subject to the approval of the Supervisory Board and the shareholders’ meeting.
Looking ahead for fiscal 2022, Deutsche Telekom raised its guidance for the third time in the current financial year.
In organic terms, adjusted EBITDA AL is now expected to come in at more than €37.0 billion, up from the previous guidance of around €37.0 billion.
Adjusted core EBITDA AL is now expected to total more than €35.9 billion, up from previously around €35.9 billion.
Adjusted earnings per share are now expected to reach more than €1.50, up from the original guidance of over €1.25.
GNA