Telecommunications: Strong third quarter – Deutsche Telekom raises its forecast

Dusseldorf. Thanks to robust demand, Deutsche Telekom once again increased sales and profits. The Bonn-based group announced on Thursday that sales climbed by 5.5 percent to 31.1 billion euros in the third quarter. Operating profit increased by eight percent to 12.2 billion euros. The operating result slightly exceeded market expectations.

In addition, the company followed the example of its US subsidiary T-Mobile and slightly increased its full-year targets. The operating profit should reach 47.6 instead of 47.5 billion euros, Telekom announced. Free cash flow is expected to be 20.1 instead of 20 billion euros.

Against this background, the group announced an increase in the dividend for 2026 by ten percent to 1.10 euros per share. In the coming year, own shares with a volume of up to two billion euros are also to be bought back.

At the same time, the group is pushing forward plans for a merger with the US subsidiary. The management is courting Timotheus Höttges, especially with the federal government as an anchor shareholder, as the Handelsblatt researched. The great importance of the US subsidiary, in which Telekom holds around 55 percent of the shares, plays an important role.