Group Development
Customer development
thousands |
|
|
|
|
|
|
|
|
|---|---|---|---|---|---|---|---|---|
|
|
June 30, 2021 |
Mar. 31, 2021 |
Change |
Dec. 31, 2020 |
Change |
June 30, 2020 |
Change |
T‑Mobile Netherlands |
Mobile customers |
6,853 |
6,798 |
0.8 |
6,803 |
0.7 |
5,741 |
19.4 |
Fixed-network lines |
707 |
693 |
2.0 |
682 |
3.7 |
644 |
9.8 |
|
Broadband customers |
695 |
680 |
2.2 |
668 |
4.0 |
628 |
10.7 |
In the Netherlands, the number of mobile customers increased slightly thanks to the shops finally reopening after the coronavirus lockdown at the end of April 2021. The millionth “Unlimited” customer was welcomed in the reporting period. The number of fixed-network lines in the Netherlands also increased, benefiting from the reopening of the shops and successful advertising.
Development of operations
millions of € |
|
|
|
|
|
|
|
|
|
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Q1 2021 |
Q2 2021 |
Q2 2020 |
Change % |
H1 2021 |
H1 2020 |
Change % |
FY |
||||
Total revenue |
|
782 |
780 |
716 |
8.9 |
1,563 |
1,424 |
9.8 |
2,883 |
||||
Of which: T‑Mobile Netherlands |
|
513 |
506 |
480 |
5.4 |
1,019 |
956 |
6.6 |
1,946 |
||||
Of which: GD Towersa, b |
|
282 |
283 |
248 |
14.1 |
565 |
495 |
14.1 |
989 |
||||
Profit (loss) from operations (EBIT) |
|
166 |
381 |
123 |
n.a. |
547 |
263 |
n.a. |
562 |
||||
Depreciation, amortization and impairment losses |
|
(210) |
(219) |
(192) |
(14.1) |
(429) |
(386) |
(11.1) |
(780) |
||||
EBITDA |
|
376 |
600 |
316 |
89.9 |
976 |
649 |
50.4 |
1,343 |
||||
Special factors affecting EBITDA |
|
(16) |
198 |
(37) |
n.a. |
182 |
(44) |
n.a. |
(43) |
||||
EBITDA (adjusted for special factors) |
|
392 |
403 |
353 |
14.2 |
794 |
693 |
14.6 |
1,386 |
||||
Of which: T‑Mobile Netherlands |
|
171 |
184 |
163 |
12.9 |
355 |
320 |
10.9 |
639 |
||||
Of which: GD Towersa, b |
|
224 |
226 |
195 |
15.9 |
451 |
390 |
15.6 |
786 |
||||
EBITDA AL |
|
301 |
516 |
246 |
n.a. |
816 |
508 |
60.6 |
1,058 |
||||
Special factors affecting EBITDA AL |
|
(16) |
198 |
(37) |
n.a. |
182 |
(44) |
n.a. |
(43) |
||||
EBITDA AL (adjusted for special factors) |
|
316 |
318 |
283 |
12.4 |
634 |
552 |
14.9 |
1,101 |
||||
Of which: T‑Mobile Netherlands |
|
151 |
155 |
143 |
8.4 |
306 |
278 |
10.1 |
554 |
||||
Of which: GD Towersa, b |
|
169 |
170 |
145 |
17.2 |
339 |
290 |
16.9 |
587 |
||||
EBITDA AL margin (adjusted for special factors) |
% |
40.4 |
40.8 |
39.5 |
|
40.6 |
38.8 |
|
38.2 |
||||
Cash capex |
|
(115) |
(134) |
(117) |
(14.5) |
(250) |
(236) |
(5.9) |
(699) |
||||
|
|||||||||||||
Total revenue
Total revenue in our Group Development operating segment increased in the first half of 2021 by 9.8 % year-on-year to EUR 1.6 billion. On June 1, 2021, the Dutch cell tower company T‑Mobile Infra was sold to DIV and subsequently contributed into Cellnex Netherlands. In organic terms, i.e., adjusted for the sale of the Dutch cell tower business, the reassignment of the Austrian cell tower business as of January 1, 2021, as well as the acquisition of the Dutch MVNO and SIM provider Simpel as of December 1, 2020, total revenue increased by 4.4 %. This revenue increase resulted from the operational and structural growth of our two business units T‑Mobile Netherlands and GD Towers, which includes DFMG and the Austrian cell tower business. In the Netherlands, mobile operations in particular contributed to this revenue growth on the back of higher out-of-bundle revenues and higher terminal equipment sales. GD Towers also recorded an increase in revenue, driven by volume-based growth at DFMG and the reassignment of the Austrian cell tower business.
Adjusted EBITDA AL, EBITDA AL
Adjusted EBITDA AL increased by 14.9 % to EUR 634 million. In organic terms, adjusted EBITDA AL grew by 8.1 %. This growth was attributable to the aforementioned positive revenue trend at T‑Mobile Netherlands, synergies from the takeover of Tele2 Netherlands, the acquisition of Simpel, and efficient cost management at T‑Mobile Netherlands. The GD Towers business posted consistent growth on the back of rising volumes and was further strengthened by the transfer of the Austrian cell tower business. An operational increase was also achieved through revenue growth and cost transformation. EBITDA AL was positively influenced by net special factors of EUR 182 million, which mainly related to the gain on deconsolidation due to the sale of the Dutch cell tower business. EBITDA AL increased by EUR 308 million compared with the prior-year period to EUR 816 million.
EBIT
EBIT increased year-on-year to EUR 547 million, mainly as a result of the development described under EBITDA AL. Depreciation, amortization and impairment losses increased by 11.1 % compared with the prior-year period, mainly on account of the depreciation, amortization and impairment losses from the Austrian cell tower business, which have been included since January 1, 2021.
Cash capex
Cash capex stood at EUR 250 million and thus up on the level of the prior-year period. We continue to focus our investments on the 5G build-out of mobile infrastructure in Germany.