Deutsche Telekom: raises FY 2021 forecasts

(CercleFinance.com) - Net sales rose by 2.
1% organically to 26.9 billion euros in Q3 2021 - excluding changes in the Group's composition and currency effects.

Adjusted EBITDA AL increased by 0.2% in organic terms to 9.7 billion euros. Also adjusted for the effects of the reduction in terminal equipment leases in the US, the Group's AL Adjusted EBITDA (Core Adjusted EBITDA AL) increased by 6.7% in organic terms.

Net profit reached 0.9 billion euros, up 8.8% y-o-y. Adjusted for special items, Q3 net profit decreased by 13.0% to
1.3 billion euros.

Deutsche Telekom has again raised its full-year forecasts, now expecting adjusted EBITDA AL of around 38 billion euros, up from the previous forecast of at least 37.2 billion euros.

The share is currently up 2% in Frankfurt.



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