Deutsche Telekom at a glance

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billions of €

Change
%

2023

2022

2021

2020

2019

Revenue and earnings
(according to the management approach)^a

Net revenue^b

(2.1)

112.0

114.4

107.8

100.1

80.5

Of which: domestic

23.0

22.1

23.0

24.4

30.5

Of which: international

77.0

77.9

77.0

75.6

69.5

Service revenue^{b, c}

1.0

92.9

92.0

83.2

78.1

n.a.

EBITDA

31.4

57.8

44.0

40.5

38.6

27.1

EBITDA (adjusted for special factors)

0.9

46.8

46.4

43.2

40.4

28.7

EBITDA AL

42.2

51.2

36.0

33.9

33.2

23.1

EBITDA AL (adjusted for special factors)

0.7

40.5

40.2

37.3

35.0

24.7

EBITDA AL margin (adjusted for special factors)

36.2

35.1

34.6

35.0

30.7

Profit (loss) from operations (EBIT)

n.a.

33.8

16.2

13.1

12.8

9.5

Revenue and earnings from continuing operations
(according to financial statements)^{a, d}

Net revenue^b

(2.0)

112.0

114.2

107.6

99.9

n.a.

EBITDA

4.0

44.8

43.0

39.7

37.9

n.a.

Profit (loss) from operations (EBIT)

34.9

20.8

15.4

12.6

12.4

n.a.

Net profit (loss)

n.a.

17.8

8.0

4.2

3.9

Net profit (loss) (adjusted for special factors)

(12.6)

7.9

9.1

5.9

5.7

4.9

Profitability

ROCE

9.0

4.5

4.1

4.6

5.1

Statement of financial position

Total assets

(2.8)

290.3

298.6

281.6

264.9

170.7

Shareholders’ equity

4.5

91.2

87.3

81.5

72.6

46.2

Equity ratio

31.4

29.2

28.9

27.4

27.1

Net debt^e

(7.1)

132.3

142.4

132.1

120.2

76.0

Relative debt^{e, f} (Net debt/EBITDA (adjusted for special factors))

2.82

3.07

3.06

2.78

2.65

Cash flows

Net cash from operating activities

4.1

37.3

35.8

32.2

23.7

23.1

Cash capex

25.9

(17.9)

(24.1)

(26.4)

(18.7)

(14.4)

Cash capex (before spectrum investment)

21.1

(16.6)

(21.0)

(18.0)

(17.0)

(13.1)

Free cash flow (before dividend payments and spectrum investment)^g

37.2

20.9

15.2

14.3

10.8

10.1

Free cash flow AL (before dividend payments and spectrum investment)^g

40.7

16.1

11.5

8.8

6.3

7.0

Net cash (used in) from investing activities

54.2

(10.2)

(22.3)

(27.4)

(22.6)

(14.2)

Net cash (used in) from financing activities

(65.4)

(25.5)

(15.4)

(10.8)

7.6

(7.1)

Employees

Average number of employees
(full-time equivalents, without trainees)

thousands

(3.0)

205

211

221

224

213

T-Share – key figures

Earnings per share

€

n.a.

3.57

1.61

0.87

0.88

0.82

Adjusted earnings per share

€

(12.6)

1.60

1.83

1.22

1.20

1.04

Dividend per share^h

€

10.0

0.77

0.70

0.64

0.60

Dividend payoutⁱ

billions of €

8.6

3.8

3.5

3.2

2.8

Adjusted weighted average number of ordinary shares outstanding

millions

0.1

4,976

4,972

4,813

4,743

ESG KPIs

Energy consumption^j

GWh

(7.6)

12,241

13,253

13,323

12,843

9,324

CO₂ emissions (Scope 1 and 2)^k

kt CO₂e

(6.9)

217

233

247

2,512

1,797

^a	The GD Towers business entity, which operated the cell tower business in Germany and Austria and was assigned to the Group Development operating segment, was recognized as a discontinued operation in the consolidated financial statements from the third quarter of 2022 until its sale on February 1, 2023. By contrast, we use the management approach for the presentation in the combined management report, i.e., the results of operations include the value contributions from GD Towers up to and including January 2023. For information on the sale of GD Towers, please refer to the section “Group organization” in the combined management report and the section “Changes in the composition of the Group and other transactions” in the consolidated financial statements.
^b	The prior-year comparatives up to and including 2020 were adjusted retrospectively to take account of changes to the principal/agent policy regarding the recognition of gross and net revenues as of the third quarter of 2022.
^c	As of January 1, 2023, the definition of service revenue was extended. The prior-year comparatives up to and including 2021 were adjusted retrospectively.
^d	The GD towers companies were recognized in the consolidated financial statements as a discontinued operation from the third quarter of 2022 until their sale on February 1, 2023. The prior-year comparatives up to and including 2020 were adjusted retrospectively. For further information, please refer to the section “Summary of accounting policies” in the consolidated financial statements.
^e	Including net debt reported under liabilities directly associated with non-current assets and disposal groups held for sale.
^f	Calculated using EBITDA (adjusted for special factors) according to the management approach, i.e., including the contributions by GD Towers.
^g	And before interest payments for zero-coupon bonds and before termination of forward-payer swaps at T-Mobile US (both in 2020).
^h	Subject to approval by the relevant bodies and the fulfillment of other legal requirements.
ⁱ	Subject to approval by the 2024 shareholders’ meeting concerning the dividend payments for the 2023 financial year. For further information, please refer to Note 35 “Dividend per share” in the notes to the consolidated financial statements.
^j	Energy consumption, mainly: electricity, fuel, other fossil fuels, district heating for buildings.
^k	Calculated according to the market-based method of the Greenhouse Gas Protocol.

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millions

Change
%

2023

2022

2021

2020

2019

Fixed-network and mobile customers

Mobile customers^a

2.8

252.2

245.4

248.2

241.5

184.0

Fixed-network lines

0.4

25.4

25.3

26.1

27.4

27.5

Broadband customers^b

2.9

22.0

21.4

21.6

21.7

21.0

^a	Including T-Mobile US wholesale customers. During the fourth quarter of 2023, T-Mobile US recognized a base adjustment to reduce wholesale customers by 339 thousand to remove certain customers serviced through its wholesale partners associated with government assistance plans, which are excluded from its customer counts.
^b	Excluding wholesale.
The figures shown in this report were rounded in accordance with standard business rounding principles. As a result, the total indicated may not be equal to the precise sum of the individual figures. Changes were calculated on the basis of millions for greater precision.
Sprint has been included in Deutsche Telekom’s consolidated financial statements as a fully consolidated subsidiary since April 1, 2020, which means comparability with prior-year figures is partially limited.

For information on the development of business in the operating segments, please refer to the section “Development of business in the operating segments” in the combined management report and in the IR back-up on our Investor Relations website.

For information on our performance indicators and alternative performance measures, please refer to the section “Management of the Group” in the combined management report and our Investor Relations website.

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Deutsche Telekom at a glance

Deutsche Telekom at a glance

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