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Q1 core profit 11.3 billion euros vs forecast 11.1 billion

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Nudges up full-year core profit guidance

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Lost a net 7,000 broadband customers in Germany

(Adds details, analyst comments, share move in paragraphs 5,

8-13)

By Marleen Kaesebier and Maria Rugamer

May 15 (Reuters) - Deutsche Telekom reported

first-quarter core profit slightly above analyst expectations on

Thursday and nudged up its full-year guidance, helped in part by

a stronger dollar.

The Germany-based telecoms group reported quarterly adjusted

earnings before interest, taxes, depreciation and amortisation

after leases (EBITDA AL) of 11.3 billion euros ($12.7 billion),

up 7.9% year-on-year.

Analysts had forecast core profit of 11.1 billion euros in a

company-provided poll.

The group nudged up its 2025 core profit guidance to about

45 billion euros from 44.9 billion previously. It also expects

free cash flow after leases of about 20 billion euros, from 19.9

billion earlier.

This comes after Telekom's New York-listed subsidiary

T-Mobile US ( TMUS ) in April raised its core profit guidance,

even as it missed first quarter estimates for wireless

subscriber growth.

"We are yet again proving our resilience in the face of a

challenging environment," CEO Tim Höttges said in a statement on

Thursday.

The Bonn-headquartered company said its reported core profit

was higher in part due to a stronger U.S. dollar over the

three-month period ended March 31 compared with the previous

year.

Its free cash flow jumped 52.4% from the same period last

year, more than one billion euros above analyst expectations.

In its home region of Germany, however, Telekom flagged

strong competition in a slowing broadband market and reported a

net loss of 7,000 customers.

UBS analyst Polo Tang said this might reflect Vodafone's ( VOD )

use of "indirect channels", like price comparison site

Check24.

"Investors might be surprised or uncomfortable with negative

German broadband trends," said ODDO BHF analyst Stephane

Beyazian.

Outside Germany, Europe remained strong, Beyazian added,

pointing to an organic 3.7% revenue increase.

Deutsche Telekom shares were down 0.2% at 0720 GMT, but have

risen around 9% year-to-date.

($1=0.8933 euros)