Customer growth gives Deutsche Telekom a tailwind – optimistic outlook

Frankfurt (Reuters) – Supported by robust customer growth, Deutsche Telekom has achieved its full-year targets.

The Bonn-based group announced on Friday that sales increased organically by 0.6 percent to almost 112 billion euros in 2023. Adjusted operating profit increased by four percent to 40.5 billion euros and free cash flow increased by more than 40 percent to 16.1 billion euros.

On this basis, the company forecast an increase in operating profit by six percent to 42.9 billion euros and in cash flow by 16 percent to 18.9 billion euros for 2024.

(Report by Hakan Ersen; edited by Sabine Wollrab. If you have any questions, please contact our editorial team at [email protected] (for politics and economics) or [email protected] (for companies and markets).)

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