Deutsche Telekom lifted its full year profit outlook and raised its dividend on Thursday as it reported third quarter earnings in line with market expectations.
The Germany-based telecoms giant reported third quarter adjusted earnings before interest, taxes and amortization after leases (EBITDA AL) of 11.1 billion euros ($13.0 billion), slightly below the 11.1 billion euros expected by analysts in a company provided poll.
The group now expects core profit of around 45.3 billion euros for the year and free cash flow after leases of around 20.1 billion euros.
It had previously guided for 45 billion euros and more than 20 billion euros, respectively.
Deutsche Telekom now aims to raise its dividend from 90 cents to 1 euro per share and said it is planning share buy-backs of up to 2 billion euros for 2026. Reuters
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