Deutsche Telekom Beats Earnings Estimate on German Mobile Growth
- Adjusted Ebitdaal rose 5.8% to €10.5 billion in first quarter
- Firm posted record profit growth in Europe for the period
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Deutsche Telekom AG, Europe’s largest telecommunications operator, beat first quarter earnings estimates, as it expanded in its home market of Germany and posted record profit growth in Europe.
Adjusted earnings before interest, taxes, depreciation and amortization after leases rose 5.8% to €10.5 billion ($11.4 billion) in the first quarter, the carrier said in a statement on Thursday. That compared to an average €10.25 billion analyst consensus provided by Deutsche Telekom.