The telecommunications group reported higher third-quarter net profit and now expects adjusted earnings of around $45 billion for the year, citing continued growth momentum on both sides of the Atlantic.

Deutsche Telekom on Thursday raised its full-year core profit guidance and reported a slight consensus beat on the metric in the third quarter, as strong momentum in Europe matched that of its U.S. unit T-Mobile.

Deutsche Telekom AG posted adjusted earnings that surpassed investors’ expectations, a beat the Europe’s largest telecommunications operator attributed to cost-cutting measures and strong demand in the US and Germany.

Deutsche Telekom pointed to continued growth on both sides of the Atlantic in Q3, as the operator group nudged up its earnings guidance.

Deutsche Telekom has reported that it "remained on course for success" in Q3 2024, in line with the plans recently outlined by the company at its Capital Mark

Deutsche Telekom raised its full-year core profit guidance on Thursday after reporting a third-quarter core profit that slightly beat analysts' expectations. "The growth momentum continues unabated on both sides of the Atlantic,