11 AUG 2023
Deutsche Telekom raised its guidance for a second time this year as it was buoyed by continued gains in the US, and momentum in Europe and home market Germany.
In a Q2 earnings statement, CEO Timotheus Hoettges cited continued growth in the face of a tricky economic setting which left Deutsche Telekom on track to meet ambitious targets as its investments continue to pay off.
Net profit declined 22 per cent year-on-year to €1.5 billion due to higher integration costs for T-Mobile US’ merger with Sprint.