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4 Inventories

Inventories

millions of €

 

 

 

Dec. 31, 2024

Dec. 31, 2023

Raw materials and supplies

186

212

Work in process

49

49

Finished goods and merchandise

2,216

2,158

 

2,451

2,419

The carrying amount of inventories increased from EUR 2.4 billion as of December 31, 2023 to EUR 2.5 billion, largely due to exchange rate effects, mainly from the translation of U.S. dollars into euros.

As in the prior year, no significant impairment losses were recognized on the net realizable value in 2024. The carrying amount of inventories expensed during the reporting period was EUR 20,434 million (2023: EUR 19,833 million, 2022: EUR 22,722 million).

Finished goods and merchandise primarily comprise retail products (e.g., terminal equipment and accessories) not manufactured by Deutsche Telekom and services rendered but not yet invoiced, primarily to business customers.

Retail
The sale of goods and services to end users. By contrast, the business with wholesale services for other telecommunications companies is referred to as wholesale business.
Glossary