(Tiper Stock Exchange) – Deutsche Telekomthe largest telecommunications company in Germany and Europe, announced that it has registered a Adjusted EBITDA AL up 1.5% to 10 billion euros in Q2 2023. In organic terms, it grew by 3.8%. Core adjusted EBITDA AL, ie excluding the effect of the retirement of the terminal equipment leasing business in the United States, increased by 7.1% in organic terms.
“We continued our successful course in the second quarter – said the CEO Tim Hottges – The Our businesses are developing well, despite the complex market environment. This is underlined by our organic growth rates for services revenue, earnings and free cash flow.”
With T-Mobile US already raising its guidance in the US, the group is now also raising its guidance for Adjusted EBITDA AL. This adjustment reflects high expectations for the business in Germany and Europe. Adjusted EBITDA AL of approximately €41 billion is forecast for the full year, up on previous guidance of approximately €40.9 billion. Guidance for AL free cash flow remains unchanged at over 16 billion euros.
THE service revenues, which drive this positive performance, grew 3.2% organically in the second quarter of 2023. Reported services revenues increased 1.4% to 23.0 billion euros. THE Net revenues reported decreased by 2.4% to 27.2 billion euros in the quarter. This is mainly due to the expected withdrawal from the terminal equipment business in the United States.