Deutsche Telekom branded Q3 another record quarter for its US operation and highlighted increased momentum in fibre-to-the-home uptake in Germany, as it upped annual earnings guidance.

In its results release the company flagged plans for what it labelled a record-high dividend payment for its current financial year, and increased guidance for adjusted EBITDA AL for the third time this year.

It expects the latter figure to be around €45.3 billion, nudged up from an estimate of “more than €45 billion” declared in its Q2 results.

In short statement, the operator’s CEO Timotheus Hoettges enthused “we reliably deliver strong figures in spite of all the challenges in our markets”.

Amid the positivity Deutsche Telekom’s reported figures continued to be blunted by weakness in the US dollar.   

Its Q3 revenue increased 1.5 per cent year-on-year to €28.9 billion, though it noted stripping out exchange rates and other special factors this would have been up by 3.3 per cent.

Net profit was down 17.9 per cent to €2.4 billion, though in Q3 2024 its bottom line had been significantly bolstered by one-off items. Its adjusted figures recorded a 14.3 increase year-on-year.

Outside of the US and Germany, the group pointed to steady growth in its segment covering the rest of its European operations and increased earnings from enterprise focused unit T-Systems.