Deutsche Telekom Reports 53.7% Surge in Q3 Net Profit

Deutsche Telekom AG has announced a remarkable third-quarter performance, with net profit soaring 53.7% year-on-year. The reported earnings per share saw a substantial increase, indicating strong growth potential for investors moving forward, according to the report.

Date: 14-11-2024

AI Rating: 8

Deutsche Telekom AG reported impressive financial results for the third quarter, which may influence its stock prices positively. Here are the key points from the report:

Net Income: The net profit attributable to the Group increased by 53.7%, rising to 2.96 billion euros from last year's 1.92 billion euros. This significant growth reflects the company's robust operations and could bolster investor confidence.
Earnings Per Share (EPS): Earnings per share increased by 55.2%, reaching 0.60 euro up from 0.39 euro a year ago. This strong performance on a per-share basis signifies effective cost management and efficiency improvements in operations, which are attractive to investors.
Net Revenue: The total net revenue grew by 3.4% to 28.50 billion euros, with organic revenue growth recorded at 3.6%. This growth metric indicates steady demand for the company's services, providing reassurance to stakeholders about the company's market stability.
Adjusted EBITDA AL: This metric increased by 5.8% to 11.10 billion euros, with organic growth at 6.4%. A higher EBITDA signifies that the company is effectively generating profits from operations, which can lead to increased shareholder value.
Dividend and Share Buy-Backs: The announcement of a planned dividend of 90 euro cents per share and the intention for share buy-backs signal a commitment to returning value to shareholders, likely enhancing investor sentiment towards the stock.

Overall, the reported guidance reflects a positive outlook as adjusted EBITDA AL is expected to rise to around 43.0 billion euros for fiscal 2024. This revision demonstrates not only confidence in operational growth but also in improving performance in key market segments, especially in the U.S.

Stocks: DTEGY