Selected financial data of the Group

millions of €

 

 

 

 

 

 

 

 

 

 

Q2 2020

Q2 2019

Change %

H1 2020

H1 2019

Change %

FY 2019

a

Before interest payments for zero-coupon bonds.

b

Before repayment of forward-payer swaps at T-Mobile US.

REVENUE AND EARNINGS

 

 

 

 

 

 

 

 

Net revenue

 

27,041

19,664

37.5

46,984

39,152

20.0

80,531

Of which: domestic

%

22.5

31.0

 

25.8

31.0

 

30.5

Of which: international

%

77.5

69.0

 

74.2

69.0

 

69.5

Profit from operations (EBIT)

 

3,087

2,350

31.4

5,597

4,608

21.5

9,457

Net profit (loss)

 

754

944

(20.1)

1,670

1,845

(9.5)

3,867

Net profit (loss) (adjusted for special factors)

 

1,278

1,329

(3.8)

2,562

2,512

2.0

4,948

EBITDA

 

10,026

6,701

49.6

16,966

13,162

28.9

27,120

EBITDA AL

 

8,585

5,721

50.1

14,505

11,221

29.3

23,143

EBITDA (adjusted for special factors)

 

11,271

7,263

55.2

18,834

14,164

33.0

28,708

EBITDA AL (adjusted for special factors)

 

9,829

6,283

56.4

16,373

12,223

34.0

24,731

EBITDA AL margin (adjusted for special factors)

%

36.3

32.0

 

34.8

31.2

 

30.7

Earnings per share (basic/diluted)

0.16

0.20

(20.0)

0.35

0.39

(10.3)

0.82

Adjusted earnings per share (basic/diluted)

0.27

0.28

(3.6)

0.54

0.53

1.9

1.04

STATEMENT OF FINANCIAL POSITION

 

 

 

 

 

 

 

 

Total assets

 

 

 

 

269,971

164,214

64.4

170,672

Shareholders’ equity

 

 

 

 

73,502

42,690

72.2

46,231

Equity ratio

%

 

 

 

27.2

26.0

 

27.1

Net debt

 

 

 

 

120,897

75,709

59.7

76,031

CASH FLOWS

 

 

 

 

 

 

 

 

Net cash from operating activities

 

5,148

5,598

(8.0)

9,107

11,607

(21.5)

23,074

Cash capex

 

(4,547)

(4,199)

(8.3)

(8,117)

(8,027)

(1.1)

(14,357)

Cash capex (before spectrum investment)

 

(3,669)

(3,324)

(10.4)

(7,022)

(7,006)

(0.2)

(13,118)

Free cash flow (before dividend payments and spectrum investment)a, b

 

3,677

2,312

59.0

5,970

4,682

27.5

10,133

Free cash flow AL (before dividend payments and spectrum investment)a, b

 

2,425

1,546

56.9

3,712

3,103

19.6

7,013

Net cash used in investing activities

 

(8,548)

(3,754)

n.a.

(11,254)

(7,350)

(53.1)

(14,230)

Net cash from (used in) financing activities

 

13,797

(4,086)

n.a.

11,234

(4,058)

n.a.

(7,141)

millions

 

 

 

 

 

 

June 30, 2020

Dec. 31, 2019

Change
June 30, 2020/
Dec. 31, 2019
%

June 30, 2019

Change
June 30, 2020/
June 30, 2019
%

a

Including T-Mobile US wholesale customers.

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.

The IFRS 16 “Leases” accounting standard has been applied since the 2019 financial year. This led to a change in the definition of some of our financial performance indicators: Our operational performance is now measured on the basis of “EBITDA after leases” (EBITDA AL) (previously EBITDA). The “free cash flow” performance indicator was replaced by “free cash flow after leases” (free cash flow AL). The key parameters used by Deutsche Telekom are defined in the sections “Management of the Group” and “Summary of accounting policies.”

FIXED-NETWORK AND MOBILE CUSTOMERS

 

 

 

 

 

Mobile customersa

235.8

184.0

28.1

179.8

31.1

Fixed-network lines

27.3

27.5

(0.9)

27.9

(2.2)

Broadband customersb

21.3

21.0

1.4

20.7

2.9