Deutsche Telekom 2023 profit forecast Amid T-Mobile US Success

Deutsche Telekom 2023 profit: Deutsche Telekom (DTEGn.DE) has again raised its 2023 running profit objective. This is a great business move that shows the company’s future. Because T-Mobile US (TMUS.O), a stock market-listed company, is doing well, this financial move was made on a recent Thursday.

An adjustment was made due to T-Mobile US’s success. T-Mobile US just boosted their user base growth predictions, which is intriguing. The company has evolved into a market leader.

Smart US customers have helped T-Mobile succeed. These clients know how vital money management is. Therefore, they like the company’s affordable membership options. This organization allows T-Mobile to grow in the US. T-Mobile US and others provide cutting-edge 5G services. This helps the company sell in a competitive field. This outperformed Wall Street’s quarterly cell phone subscriber growth projections.

Deutsche Telekom 2023 profit
Logo of Deutsche telekom

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Telekom, situated in Bonn, changes its financial compass while keeping an eye on the sky. This illustrates Telekom’s long-term growth commitment. To get back on track, Telekom anticipates its adjusted profits before interest, taxes, depreciation, and amortization after leasing (EBITDA AL) to climb by €41 billion ($45.03 billion) this fiscal year. The predictions are affected by this larger change from the previous recommendation, which was consistently about €40,9 billion.

At €10.04 billion, EBITDA AL set a record. It was up 1.5% from last year, making the second quarter’s finances healthy. Most experts agree on €10.02 billion. However, this step is slightly higher. When split down, sales fell 2.4% to €27.2 billion.

This means money is coming in at its lowest level ever. Since Telekom left the US terminal equipment sector, this tiny discrepancy from the consensus estimate of €27.3 billion makes more sense. The latest estimate is €27.3 billion. In 2020, when it buys Sprint, a rival, we’ll learn what this strategic move implies. This impact will alter the case.

Our Reader’s Queries

Is Deutsche Telekom profitable?

German telecommunications giant Deutsche Telekom saw a remarkable surge in its net profit in 2022, reaching a staggering 8 billion euros. This is a substantial jump from the 4.2 billion euros recorded in the previous year.

What is the revenue of Deutsche Telekom Global business?

Deutsche Telekom, the German telecommunications company, generated a net revenue of 114.4 billion Euros in 2022.

Is Deutsche Telekom a good company?

Deutsche Telekom has received a solid rating of 4.1 out of 5 from over 2,072 anonymous employee reviews. A whopping 82% of employees would recommend working at Deutsche Telekom to their friends, and 71% have a positive outlook for the business. However, the rating has seen a slight decrease of -1% over the past year.

Does the German government own Deutsche Telekom?

T-Mobile is just one of the many subsidiaries that this company operates globally. Interestingly, the German government has a significant stake in the company’s stock, with a direct 14.5% ownership and an additional 17.4% through the government bank KfW. This company is also a part of the EURO STOXX 50 stock market index.

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