Deutsche Telekom's revenue rises 6.4% in Q4

Wednesday, 19. February 2020 07:05

Deutsche Telekom AG on Thursday said that its net revenue for the fourth quarter of 2019 stood at €21.4 billion, 6.4% higher. Its net profit was $654 million. Adjusted EBITDA was $6.6 billion, 24.2% higher on a year-on-year basis.

Total revenue for the United States operating segment of €10.8 billion in the fourth quarter of 2019 increased by 10.7%. On the year level, there was a record revenue, profit growth in all operating segments, and a further increase in investments. The company achieved its guidance for 2019, as raised in November.

Tim Hoettges, CEO of Deutsche Telekom commented that "this is a historic day for Deutsche Telekom. We have confirmed our position as the clear number one in our industry in Europe with these record results."

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Breaking the News / TF