Development of business at Deutsche Telekom AG
Deutsche Telekom AG prepares its annual financial statements in accordance with the principles of the German GAAP, as specified in the German Commercial Code (Handelsgesetzbuch – HGB) and the German Stock Corporation Act (Aktiengesetz – AktG).
As the Headquarters of the Deutsche Telekom Group, we perform strategic and cross-segment management functions and provide services for other Group companies. The profits and losses of our subsidiaries and Group financing measures have a material effect on our financial position and results of operations. In the Germany operating segment, total revenue was up 2.8 % against the prior year. This increase continued to be driven primarily by service revenues in the fixed-network and mobile business. Total revenue in the United States operating segment decreased by 4.0 % year-on-year. In U.S. dollars, total revenue was down 1.3 % year-on-year, impacted by lower terminal equipment revenue. Revenue in our Europe operating segment grew by 5.7 % on the back of higher mobile service revenues. Total revenue in our Systems Solutions operating segment was up 2.2 % year-on-year. The positive revenue trend was attributable to growth in the Road Charging (up 23.7 %), Digital (up 10.9 %), and Advisory (up 3.4 %) portfolio areas. The Cloud portfolio area, which comprises the shrinking traditional IT infrastructure business, accounted for 2.4 % of the increase in revenue. Total revenue in our Group Development operating segment decreased by 93.3 % due to the sale of T‑Mobile Netherlands and of 51.0 % of the shares in the companies of the cell tower business in Germany and Austria. In organic terms, revenue increased by 3.2 % year-on-year.
Deutsche Telekom AG reported income after taxes for the 2023 financial year of EUR 9.1 billion. Alongside the operating business, the development of business was affected in particular by the sale of 51.0 % of the shares in GD Towers Holding GmbH, Münster, and by a capital repayment by Deutsche Telekom Europe B.V., Maastricht, which was partially recognized in income via an intermediate holding company.