Net profit Deutsche Telekom soared by 60% due to the weakening Euro

Moscow. On 5 November. The largest telecommunication company in Europe, Deutsche Telekom increased its net profit in the third quarter of 2015 is 60% due to the favorable impact of currency fluctuations.

As reported in a press release, in July-September net profit amounted to 809 million euros against € 506 million for the same period in 2014.

Adjusted earnings before taxes, interest, depreciation and amortization (EBITDA) increased by 13% to of 5.17 billion euros compared with of 4.58 billion euros a year earlier.

At the same time, the revenues in the third quarter increased by 9.3% and amounted to 17.1 billion euros. Revenue in Germany rose by 0.1%, overall in Europe declined by 3.6% in the U.S. – has jumped by 27.1%.

Analysts surveyed by Bloomberg expected the company’s EBITDA at the level of 5.14 billion euros on revenue of 17.3 billion euros.

The company reiterated a forecast for 2015, according to which the adjusted EBITDA would amount to around 18.6 billion euros, excluding currency fluctuations.

Share prices of Deutsche Telekom with the opening of the market on Thursday fell by 0.6%. The company’s capitalization is estimated at only 78.2 billion euros.