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Group Headquarters & Group Services

Development of operations

Development of operations – Group Headquarters & Group Services

millions of €

 

 

 

 

 

 

Q1 2026

Q1 2025

Change

Change
%

FY 2025

Revenue

524

549

(25)

(4.6)

2,163

Service revenue

219

243

(23)

(9.5)

982

EBITDA

(159)

(115)

(45)

(39.2)

(682)

Special factors affecting EBITDA

(29)

(8)

(21)

n.a.

(146)

EBITDA (adjusted for special factors)

(130)

(106)

(24)

(22.3)

(537)

EBITDA AL

(214)

(174)

(40)

(23.2)

(914)

Special factors affecting EBITDA AL

(29)

(8)

(21)

n.a.

(146)

EBITDA AL (adjusted for special factors)

(185)

(166)

(19)

(11.6)

(768)

Depreciation, amortization and impairment losses

(270)

(287)

17

6.0

(1,155)

Profit (loss) from operations (EBIT)

(429)

(402)

(28)

(6.9)

(1,837)

Cash capex

(193)

(210)

17

8.1

(861)

Cash capex (before spectrum investment)

(193)

(210)

17

8.1

(861)

Revenue, service revenue

Revenue in our Group Headquarters & Group Services segment decreased in the reporting period by 4.6 %, mainly as a result of lower revenues at Deutsche Telekom IT.

Adjusted EBITDA AL, EBITDA AL

Adjusted EBITDA AL declined by EUR 19 million in the reporting period to EUR ‑185 million, driven mainly by lower revenues at Deutsche Telekom IT. Overall, EBITDA AL was negatively impacted by special factors amounting in the reporting period to EUR 29 million, especially for socially responsible staff-related measures, and in the prior-year period by special factors amounting to EUR 8 million.

Profit (loss) from operations (EBIT)

The year-on-year decrease of EUR 28 million in EBIT to EUR ‑429 million was largely due to the decline in EBITDA. By contrast, depreciation, amortization and impairment losses declined, mainly due to lower capital expenditure at Deutsche Telekom IT.

Cash capex (before spectrum investment), cash capex

Cash capex decreased by EUR 17 million year-on-year, primarily due to lower cash capex for vehicles.

AL – After Leases
Since the start of the 2019 financial year, Deutsche Telekom has taken the effects of the first-time application of IFRS 16 “Leases” into account when determining financial performance indicators. “EBITDA after leases” (EBITDA AL) is calculated by adjusting EBITDA for depreciation of the right-of-use assets and for interest expenses on recognized lease liabilities. When determining “free cash flow after leases” (free cash flow AL), free cash flow is adjusted for the repayment of lease liabilities.
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