Deutsche Telekom enjoyed a successful third quarter in 2016, with strong figures from the United States and a stable trend in Germany. Net revenue grew by 5.9% compared with the prior-year quarter to €18.1bn. At the same time, adjusted EBITDA rose 7.2% to €5.5bn.
"These figures show once again that we are on the right track in our markets," said Tim Höttges, CEO of Deutsche Telekom. "We are working on the technologies and products of the near and more distant future – on the basis of a convincing strategy."
There was also clear growth in net profit, which stood at €1.1bn, compared with €0.8bn in the third quarter of 2015 – an increase of 30.2%. This was mainly due to higher negative special factors in connection with staff restructuring in the previous year. Adjusted net revenue remained stable at €1.0bn.
In Europe, investments in networks and markets have paid off in rising numbers of customers. The mobile contract customer base in the European national companies increased by 219,000 in the third quarter. More than 1.2 million customers use the product bundles of fixed network and mobile communications, a year-on-year increase of some 51%. MagentaONE made a significant contribution to this increase. The build-out and modernisation of the networks continues. The latest mobile communications standard LTE is now available to 78%of the population, that is more than 101 million people, which is an increase of 16 million compared to a year earlier. More than 55%of lines in the fixed network have now been migrated to IP technology.
In the Europe operating segment, revenue remained stable compared with the prior-year quarter on an organic basis, i.e., excluding exchange rate effects and effects from changes in the composition of the Group, at €3.2bn. Regulatory effects and higher market investments also resulted in a decrease in adjusted EBITDA in organic terms of 4.7% to €1.1bn.