Tue. Dec 3rd, 2024

Deutsche Telekom Q3 2024: Strong Growth, Raises Guidance

ByLisa Luckas

11/14/2024
Logo at Deutsche Telekom office in GermanyLogo at Deutsche Telekom office in GermanyLogo at Deutsche Telekom office in Germany
  • Deutsche Telekom reports strong Q3 2024 growth, raising full-year guidance.
  • Organic revenue rose 3.6% to €28.5B, service revenue 3.8% to €24.1B, adjusted EBITDA AL 6.4% to €11.1B, and free cash flow AL 32% to €6.2B. Adjusted net profit grew 3% to €2.3B.
  • Guidance for adjusted EBITDA AL increased to €43B. Growth noted in Germany, US, Europe, and Systems Solutions.
  • Shareholder remuneration plans include a record dividend and share buy-backs.

Thu Nov 14 07:14:47 -0000 2024 UTC– Deutsche Telekom’s financial performance in Q3 2024 shows growth, with increased revenue, adjusted EBITDA, and net profit.

The company raised its full-year guidance, with positive developments in Germany, the U.S., Europe, and Systems Solutions.

Shareholder remuneration plans were also announced and include a record dividend and share buy-backs. 

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ByLisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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