Europe’s largest telecom group benefited from its telecom sales, which grew disproportionately, as the company announced on Friday in Bonn. At 3.9 billion euros, profit was more than four times as high as in the previous year.
However, this was mainly due to the partial sale of fiber optics plus and the completion of the sale of T-Mobile Netherlands. But even adjusted for this, the profit of 2.2 billion euros was almost twice as high as a year ago.
After its American subsidiary T-Mobile US, Telekom also raised its annual targets. Earnings before interest, taxes, depreciation and amortization including leasing costs (EBITDA AL) adjusted for special effects in 2022 should be more than 36.6 billion euros and thus slightly better than previously forecast, it said. Compared to the previous year’s figure on a pro forma basis – i.e. excluding the disposal of the businesses in Romania and the Netherlands – this would be a slight improvement.
The operating result without distortion from terminal equipment marketing is now expected to reach over 35.6 billion euros. Here, too, that would be a little better than promised.