Group Development
Customer development
thousands |
|
|
|
|
|
|
|---|---|---|---|---|---|---|
|
|
Dec. 31, 2021 |
Dec. 31, 2020 |
Change |
Change |
Dec. 31, 2019 |
T‑Mobile Netherlands |
Mobile customers |
6,939 |
6,803 |
136 |
2.0 |
5,610 |
Fixed-network lines |
739 |
682 |
57 |
8.4 |
619 |
|
Broadband customers |
728 |
668 |
60 |
9.0 |
605 |
In the Netherlands, the number of mobile customers increased slightly. The number of fixed-network lines in the Netherlands contributed to the positive development of operational business and profited from the reopening of the T‑Mobile shops at the end of April 2021 after the coronavirus-related lockdown, as well as from successful advertising.
Development of operations
millions of € |
|
|
|
|
|
|
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
2021 |
2020 |
Change |
Change |
2019 |
||||||||
Total revenue |
|
3,165 |
2,883 |
282 |
9.8 |
2,797 |
||||||||
Of which: T‑Mobile Netherlands |
|
2,071 |
1,946 |
125 |
6.4 |
1,910 |
||||||||
Of which: GD Towersa, b |
|
1,112 |
989 |
123 |
12.4 |
945 |
||||||||
Service revenuec |
|
1,621 |
1,468 |
153 |
10.4 |
n.a. |
||||||||
Profit (loss) from operations (EBIT) |
|
1,084 |
562 |
522 |
92.9 |
615 |
||||||||
Depreciation, amortization and impairment losses |
|
(706) |
(780) |
74 |
9.5 |
(812) |
||||||||
EBITDA |
|
1,790 |
1,343 |
447 |
33.3 |
1,427 |
||||||||
Special factors affecting EBITDA |
|
173 |
(43) |
216 |
n.a. |
97 |
||||||||
EBITDA (adjusted for special factors) |
|
1,618 |
1,386 |
232 |
16.7 |
1,330 |
||||||||
Of which: T‑Mobile Netherlands |
|
757 |
639 |
118 |
18.5 |
591 |
||||||||
Of which: GD Towersa, b |
|
894 |
786 |
108 |
13.7 |
771 |
||||||||
EBITDA AL |
|
1,479 |
1,058 |
421 |
39.8 |
1,130 |
||||||||
Special factors affecting EBITDA AL |
|
173 |
(43) |
216 |
n.a. |
97 |
||||||||
EBITDA AL (adjusted for special factors) |
|
1,307 |
1,101 |
206 |
18.7 |
1,033 |
||||||||
Of which: T‑Mobile Netherlands |
|
668 |
554 |
114 |
20.6 |
502 |
||||||||
Of which: GD Towersa, b |
|
669 |
587 |
82 |
14.0 |
563 |
||||||||
EBITDA AL margin (adjusted for special factors) |
% |
41.3 |
38.2 |
|
|
36.9 |
||||||||
Cash capex |
|
(572) |
(699) |
127 |
18.2 |
(452) |
||||||||
|
||||||||||||||
Total revenue, service revenue
Total revenue in our Group Development operating segment increased in the 2021 financial year by 9.8 % year-on-year to EUR 3.2 billion. In organic terms, i.e., adjusted for the sale of the Dutch cell tower business as of June 1, 2021, the transfer of the Austrian cell tower business as of January 1, 2021, as well as the acquisition of the Dutch MVNO and SIM provider Simpel as of December 1, 2020, revenue increased by 4.6 %. This revenue increase resulted from the operational and structural growth of our two business units T‑Mobile Netherlands and GD Towers, which includes DFMG and the Austrian cell tower business. In the Netherlands, mobile operations in particular contributed to this revenue growth on the back of higher out-of-bundle revenues and higher terminal equipment sales. GD Towers also recorded an increase in revenue, driven by growth in the number of cell sites at DFMG and the transfer of the Austrian cell tower business. Service revenue rose by 10.4 % year-on-year to EUR 1.6 billion, primarily as a result of the operational growth of our T‑Mobile Netherlands business unit, as well as the acquisition of the Dutch MVNO and SIM provider Simpel.
Adjusted EBITDA AL, EBITDA AL
Adjusted EBITDA AL increased by 18.7 % year-on-year to EUR 1.3 billion. This growth was attributable to the aforementioned positive revenue trend at T‑Mobile Netherlands, the acquisition of Simpel, and efficient cost management at T‑Mobile Netherlands. The GD Towers business posted consistent growth on the back of rising volumes and was further strengthened by the transfer of the Austrian cell tower business. An operational increase in adjusted EBITDA AL was also achieved through revenue growth and cost transformation. In organic terms, adjusted EBITDA AL grew by 13.5 %. EBITDA AL was positively influenced by net special factors of EUR 173 million, which mainly related to the gain on deconsolidation due to the sale of the Dutch cell tower business. EBITDA AL increased by EUR 421 million compared with the prior-year period to EUR 1.5 billion.
EBIT
EBIT increased by EUR 522 million year-on-year to EUR 1.1 billion, mainly as a result of the development described under EBITDA AL. Depreciation, amortization and impairment losses were down year-on-year, primarily due to lower depreciation and amortization in connection with the fact that T‑Mobile Netherlands has been held for sale since September 6, 2021, and, accordingly, the related depreciation and amortization has been suspended.
Cash capex
Cash capex stood at EUR 572 million and thus below the prior-year level. The decrease is mainly due to the acquisition of mobile spectrum licenses by T‑Mobile Netherlands in 2020. We continue to focus our investments on the accelerated 5G build-out and the build-out of mobile infrastructure in Germany.