Deutsche Telekom core profit beats estimates; full-year outlook raised


FILE PHOTO: Logo of German telecommunications giant Deutsche Telekom AG and GSM antennas are seen atop of the headquarters of Deutsche Telekom in Bonn, Germany, February 19, 2019. REUTERS/Wolfgang Rattay

STOCKHOLM (Reuters) - Deutsche Telekom reported core profit above market estimates on Friday and raised its full-year outlook for the third time, boosted by its U.S. unit T-Mobile, along with growth in European business.

Adjusted earnings before interest, tax, depreciation and amortisation after leases (EBITDA AL) stood at 9.66 billion euros ($11.05 billion), beating consensus estimates of 9.35 billion euros in a poll of analysts published by the company.

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