Deutsche Telekom raises guidance after bumper Q3

This post was originally published on this site

https://i-invdn-com.investing.com/trkd-images/LYNXMPEIA906F_L.jpg

The telecoms operator reported a rise in third quarter adjusted net profit of 80% to 2.4 billion euros and said it planned to increase its dividend to 0.70 euros per share from 0.64 euros in 2021.

In organic terms, it expected full-year adjusted EBITDA AL to come in at more than 37.0 billion euros, up from previous guidance of around 37.0 billion.

“We are once again proving to be an anchor of stability in difficult times,” said Tim Hoettges, chairman of Deutsche Telekom’s management board.