The T-Share
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2024 |
2023 |
2022 |
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XETRA closing prices |
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Share price on the last trading day |
€ |
28.89 |
21.75 |
18.64 |
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Year high |
€ |
30.60 |
23.05 |
19.77 |
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Year low |
€ |
20.83 |
18.56 |
15.10 |
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Trading volume |
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German exchanges |
billions of shares |
1.7 |
1.7 |
2.4 |
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Market capitalization on the last trading day |
billions of € |
144.1 |
108.5 |
92.9 |
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Weighting of the T-Share in major stock indexes |
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DAX 40 |
% |
7.4 |
6.1 |
5.5 |
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Dow Jones EURO STOXX 50® |
% |
3.0 |
2.4 |
2.3 |
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T-Share – key figures |
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Earnings per share |
€ |
2.27 |
3.57 |
1.61 |
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Dividend per sharea |
€ |
0.90 |
0.77 |
0.70 |
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Total number of ordinary shares at the reporting dateb |
millions |
4,986 |
4,986 |
4,986 |
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Development of international indexes
The international stock markets continued their growth trend in 2024. Around the world, indexes rose substantially. Declining inflationary pressure, partially falling interest rates, and advancements in the area of artificial intelligence spurred the global share price performance in 2024.
The DAX 40 – as a total return index, i.e., including reinvested dividends – climbed 18.7 % over the course of the year. In the same period, the Dow Jones rose by 13.0 %, or by 15.1 % including reinvested dividends.
The Nikkei also rose substantially in 2024, recording growth of 18.8 % at year-end. The Dow Jones EURO STOXX 50® also grew significantly, rising 10.4 %.
T-Share performance
2024 was also a good year for the European telecommunications sector: The industry’s barometer, the Dow Jones STOXX® Europe 600 Telecommunications, rose 20.7 % by the end of 2024.
The T-Share recorded a much stronger performance, closing 2024 at EUR 28.89, up 32.8 %. The lowest price recorded during the year was EUR 20.83 on April 16, 2024, while the highest price of EUR 30.60 was recorded on December 6, 2024.
On a total return basis – and thus comparable with the DAX – our share ended 2024 up by a significant 37.8 %.
For an overview of the performance of the T-Share in recent years, please visit our Investor Relations website.
Dividend
The Board of Management of Deutsche Telekom AG will propose to the Shareholders’ Meeting on April 9, 2025 the distribution of a dividend of EUR 0.90 per dividend-bearing share, up from EUR 0.77 in the prior year. In November 2023, we had announced that we would buy back shares in Deutsche Telekom AG in 2024 up to a total purchase price of EUR 2 billion under a share buy-back program. The buy-back started on January 3, 2024, and was completed on December 18, 2024. In total, around 81 million shares were bought back for an average price of EUR 24.29 or a total amount of around EUR 2 billion.
For 2025, Deutsche Telekom announced a further share buy-back program of up to EUR 2 billion, which started on January 3, 2025.
Capital markets communication
Deutsche Telekom maintains a close dialog with participants on the capital market and is monitored and analyzed by a number of German and international analysts (coverage). As of December 31, 2024, we recorded 19 analyst recommendations, 16 of these with a buy recommendation and 3 with a hold recommendation.
For a current overview of analyst coverage, please visit our Investor Relations website.
The dialog with our institutional investors was maintained through participation in numerous conferences as well as by holding virtual and conventional roadshows. Furthermore, at our Capital Markets Day on October 10 and 11, 2024, we presented our medium-term strategy and financial outlook through 2027.
Our investor communications also received recognition in the reporting year: HHL Leipzig Graduate School of Management, in cooperation with Manager Magazin, voted us best for financial communication for the third time in succession with the #1 spot in its DAX 40 ranking of 2024. All in all, we have taken this top spot four times in the last five years. When also including MDAX and SDAX, we are #2 in the overall ranking of a total of 160companies in 2024. In Extel’s annual investor survey (previously Institutional Investor), Deutsche Telekom takes second place for the best IR work among European telecommunications companies.
In addition to the Shareholders’ Meeting (which was once again held in person in 2024), our regular newsletter, and participation in investor trade fairs, we once again expanded the opportunities for dialogue offered to our 1.3 million retail investors: Management held a live webcast to discuss the 2024 quarterly results and the 2023 annual results with interested retail investors and finfluencers. There was also a separate webcast with Tim Höttges as part of the Capital Markets Day to report on that event’s core messages. This format underlines Deutsche Telekom’s commitment to communicating directly and transparently with all investors, whether major institutional funds or retail investors.
T-Share as compared to DAX, Dow Jones EURO STOXX 50®, and Dow Jones STOXX® Europe 600 Telecommunications
January 1 to December 31, 2024 (based on total shareholder return a)
T-Share as compared to other European telecommunications companies
January 1 to December 31, 2024 (based on total shareholder return a)
Shareholder structure
The Federal Republic’s shareholding, including that of Kreditanstalt für Wiederaufbau (KfW), decreased to 27.8 % in 2024, on account of the sale of shares from KfW’s portfolio in the first half of 2024. As a result, the percentage of shares in free float increased to around 68 % of the share capital. The share of retail investors decreased slightly by 0.6 percentage points to 16.4 %, while the proportion of institutional investors increased to 51.3 %.
Shareholder structure
% (as of December 31, 2024)
Geographical distribution of free float
% (as of December 31, 2024)
For further information relevant to shareholders, please refer to our Investor Relations website.