Deutsche Telekom (ETR:DTE) Second Quarter 2024 Results

Key Financial Results

• Revenue: €29.0b (up 4.1% from 2Q 2023).

• Net income: €2.09b (up 36% from 2Q 2023).

• Profit margin: 7.2% (up from 5.5% in 2Q 2023). The increase in margin was driven by higher revenue.

• EPS: €0.42 (up from €0.31 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Deutsche Telekom EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.0%.

Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Germany.

Performance of the German Telecom industry.

The company's shares are up 2.0% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Deutsche Telekom that you need to take into consideration.

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