Deutsche Telekom slightly lifted its 2023 operating profit target a second time on Thursday, boosted by its U.S. business T-Mobile US , which raised its outlook for customer growth two weeks ago.
The U.S. wireless carrier has been benefiting from cost-conscious customers flocking to its cheaper plans and superior 5G services in a highly competitive market, helping itBonn-based parent Telekom said it now expects adjusted earnings before interest, taxes, depreciation and amortization after leases to reach around 41 billion euros this year, compared with previous guidance for about 40.9 billion.
The group reported second-quarter EBITDA AL that rose 1.5% year-on-year to 10.04 billion euros, a tad above analyst consensus for 10.02 billion. Revenues slipped by 2.4% to 27.2 billion euros, slightly below consensus for 27.3 billion, as it withdrew from the terminal equipment business in the U.S. following its takeover of rival Sprint in 2020.
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