Deutsche Telekom's Q2 net profit up 5.4% to €1.5B - Breaking The News

Deutsche Telekom's Q2 net profit up 5.4% to €1.5B

10 August

1 min read

EPA/ROLF VENNENBERND

Deutsche Telekom AG announced on Thursday that its net profit in the second trimester of fiscal 2023 rose 5.4% yearly, amounting to €1.5 billion.

According to the company, adjusted EBITDA for the months to June rose by 1.5% to €10 billion. On the other hand, net revenues decreased by 2.4% to €27.2 billion.

"We continued our successful course in the second quarter," said CEO Tim Hottges. "Our businesses are developing well, despite complex market environments. This is underscored by our organic growth rates for service revenues, earnings, and free cash flow."

earnings deutsche telekom

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