Deutsche Telekom: stock up after H1 results

(CercleFinance.com) - Deutsche Telekom shares are up nearly 2% in Frankfurt, following the publication of adjusted EPS that is up 23% at E0.
95 for H1 2024, with EBITDAaL up 6.5% to E21.3bn, representing a 1.5-improvement in its margin to 37.8%.

At over E56.3bn, the German operator's revenues rose 2.3%, driven by a 3.9% increase in service revenues (+4.1% in organic terms), up both in Europe and in the US, where it owns T-Mobile.

On the strength of free cash flow AL of E8.9bn in H1 2024, Deutsche Telekom has slightly raised its full-year target to around E19bn, compared with a previous target of around E18.9bn.


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