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Deutche Telekom H1 Net Revenue Up By 3.2%

Financial results News - Published on Mon, 12 Aug 2019

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Following a strong first half of 2019, Deutsche Telekom is keeping its sights set firmly on its targets for the full year. In the first six months of 2019, net revenue grew by 3.2% YoY in organic terms to 39.2 billion euros, adjusted EBITDA by 3.7% to 12.2 billion euros, and free cash flow by 9.0% to 3.1 billion euros. These increases are excluding exchange rate effects and changes in the composition of the Group. If these changes are included, growth rates are higher, primarily on account of the acquisitions in Austria and the Netherlands and due to the translation of US dollars: 7.9% for net revenue, 7.7% for adjusted EBITDA and 11.4% for free cash flow. Mr Tim Hottges, CEO of Deutsche Telekom said that “We remain reliable. Our business performed well in all areas again in the first half of 2019. That puts us in a position to deliver the results we promised.”

The Group continued to invest at a high level in the first six months of 2019. Cash capex before expenses for mobile spectrum rose by 14.9% to 7.0 billion euros. Investments increased due to the continued build-out and upgrade of the networks in the Germany, Europe, and Group Development operating segments and, in particular, in the United States due to the accelerated infrastructure build-out in the 600 Mhz spectrum.

Between April and June, Telekom extended its leading position on the German mobile market in terms of service revenues, which increased by 2.4% against the prior-year period, thereby continuing the strong trend of the first three months of the reporting year. The average mobile data used per month by branded contract customers exceeded 3 gigabytes for the first time. Customers with an LTE rate plan and LTE-enabled smartphone used six times as much data as other customers.

In the fixed network, growth in fiber-optic-based lines (FTTH, FTTC/vectoring) continued. At 13.4 million lines, the number was up 22% on the prior-year figure. 521,000 lines were added in the second quarter. 83 thousand new customers opted for converged product under the name MagentaEINS.

Revenue in the Germany operating segment amounted to 5.4 billion euros in the second quarter, up by 1.2% against the prior-year period. Growth in adjusted EBITDA AL was even more substantial, up by 2.4% to 2.2 billion euros, leading to a margin of 40.0% compared with 39.5% in the second quarter of the prior year.

T-Mobile US set new records again in the second quarter of 2019. Total revenue increased by 5.1%YoY to 11.0 billion U.S. dollars, while service revenues rose by 6.9% to 8.3 billion US dollars.

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Posted By : TelecomGuru on Mon, 12 Aug 2019
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