Telekom makes 80 percent more profit thanks to US subsidiary T-Mobile US


Telekom logo in Bonn

“Our business continues to grow,” said company boss Tim Höttges.

(Photo: IMAGO/Marc John)

Frankfurt Continued strong business from the US subsidiary T Mobile and bring positive exchange rate effects Deutsche Telekom a profit jump. Adjusted net income increased by 80 percent to 2.4 billion in the third quarter, the group announced on Thursday. Group sales increased by 8.8 percent to 29 billion euros and adjusted operating profit by 8.5 percent to 10.5 billion euros.

“Our business continues to grow,” said company boss Tim Höttges. “We are therefore in a position not only to raise the forecast for the current year for the third time, but also to increase our dividend.”

His company is now aiming for an operating profit of more than 37 instead of around 37 billion euros. Net earnings are expected to be more than EUR 1.50 per share instead of more than EUR 1.25. On this basis, the dividend should be raised to $0.70 from $0.64 per share.



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