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Letter from the Chairman
of the Board of Management

Letter from the Chairman of the Board of Management

“2020 was a record-breaking year for us: For the first time ever, we broke the 100-billion-euro revenue barrier. The additional revenue from the business combination with Sprint in the United States was a decisive factor. But we are also growing organically on both sides of the Atlantic – even given the difficult market environment and the negative impact of coronavirus in 2020.”

Letter from the Chairman of the Board of Management
Highlights

Highlights

  • Increase in revenue
    of
    25.4 %
    to
    EUR 101.0 billion

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  • Adjusted EBITDA AL
    increased by
    41.6 %
    to
    EUR 35.0 billion

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  • Adjusted net profit
    up by
    15.5 %
    to
    EUR 5.7 billion

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  • Free cash flow AL
    of EUR 6.3 billion –
    guidance exceeded

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  • Forecast for 2021:
    adjusted EBITDA AL and cash flow AL expected to increase
    again

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  • Customer additions
    on both sides
    of the Atlantic

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