Deutsche Telekom has published its quarterly figures. Here are the key data.
Revenues amounted to 19.94 billion Euros (same quarter of the previous year 19.49).
Net income (adjusted net income) was 1.28 billion Euros (same quarter last year 1.18).
Over the past 12 months, the number of employees has fallen from 214,609 to 206,443.
Here is the headline statement on the current figures, which also explains why it is possible to get through the crisis well. To quote from Deutsche Telekom:
Stability in turbulent times. Deutsche Telekom is starting the 2020 financial year with strong figures despite the global spread of the coronavirus and the associated restrictions in many countries since March. Revenue in the first quarter increased by 2.3 percent year-on-year to EUR 19.9 billion. Adjusted EBITDA AL increased by 10.2 percent to EUR 6.5 billion.
“Deutsche Telekom is an anchor of stability in a global crisis,” said CEO Tim Hoettges. “Our networks operate reliably as the digital lifelines of society.”
The Group expects the pandemic to have a limited impact on sales. For example, due to the closure of shops, lower roaming revenues and the postponement or cancellation of IT projects in companies. On the other hand, revenues from voice telephony, for example, will increase and the churn rate in mobile communications will fall. The impact on Adjusted EBITDA AL is expected to be comparatively small. Taking into account offsetting effects and measures. Considering all foreseeable consequences of the pandemic, the Group therefore confirms its forecast for the current financial year.
The reduction in factoring reduced free cash flow AL by around EUR 0.7 billion. This decision was the reason for the decrease to 1.3 billion Euros. Adjusted net income rose by 8.5 percent to EUR 1.3 billion. Unadjusted net income increased by 1.8 percent to EUR 916 million.