Deutsche Telekom at a glance

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millions of €

H1 2023

H1 2022

Change
%

Q2 2023

Q2 2022

Change
%

FY 2022

Revenue and earnings
(according to the management approach)^a

Net revenue^b

55,060

55,634

(1.0)

27,221

27,888

(2.4)

114,413

Of which: domestic

22.8

22.3

23.0

21.4

22.1

Of which: international

77.2

77.7

77.0

78.6

77.9

Service revenue^{b, c}

45,767

44,666

2.5

22,952

22,633

1.4

91,988

EBITDA

35,122

23,019

52.6

11,077

9,927

11.6

43,986

EBITDA (adjusted for special factors)

23,138

22,912

1.0

11,622

11,476

1.3

46,410

EBITDA AL

31,780

18,539

71.4

9,416

7,453

26.3

35,989

EBITDA AL (adjusted for special factors)

20,002

19,763

1.2

10,038

9,891

1.5

40,208

EBITDA AL margin (adjusted for special factors)

36.3

35.5

36.9

35.5

35.1

Profit (loss) from operations (EBIT)

23,222

8,684

n.a.

5,207

2,356

n.a.

16,159

Revenue and earnings from continuing operations
(according to financial statements)^a

Net revenue^b

55,045

55,528

(0.9)

27,221

27,835

(2.2)

114,197

EBITDA

22,121

22,559

(1.9)

11,077

9,695

14.3

43,049

Profit (loss) from operations (EBIT)

10,221

8,415

21.5

5,207

2,221

n.a.

15,414

Net profit (loss)

16,899

5,409

n.a.

1,539

1,460

5.4

8,001

Net profit (loss) (adjusted for special factors)

3,846

4,683

(17.9)

1,887

2,445

(22.8)

9,081

Earnings per share (basic and diluted)

€

3.40

1.09

n.a.

0.31

0.29

6.9

1.61

Adjusted earnings per share (basic and diluted)

€

0.77

0.94

(18.1)

0.38

0.49

(22.4)

1.83

Statement of financial position

Total assets

299,701

301,686

(0.7)

298,590

Shareholders’ equity

94,399

88,492

6.7

87,320

Equity ratio

31.5

29.3

29.2

Net debt^d

136,893

146,104

(6.3)

142,425

Cash flows

Net cash from operating activities

18,864

17,979

4.9

9,306

8,621

7.9

35,819

Cash capex

(9,436)

(12,259)

23.0

(4,611)

(5,086)

9.3

(24,114)

Cash capex (before spectrum investment)

(9,181)

(9,642)

4.8

(4,422)

(4,984)

11.3

(21,019)

Free cash flow (before dividend payments and spectrum investment)

9,740

8,421

15.7

4,918

3,671

34.0

15,239

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

7,101

6,540

8.6

3,522

2,759

27.7

11,470

Net cash (used in) from investing activities

(2,274)

(10,148)

77.6

(4,278)

(5,636)

24.1

(22,306)

Net cash (used in) from financing activities

(13,570)

(10,491)

(29.3)

(7,230)

(7,838)

7.8

(15,438)

^a	The GD Towers business entity, which operated the cell tower business in Germany and Austria and was assigned to the Group Development operating segment, was recognized as a discontinued operation in the interim consolidated financial statements from the third quarter of 2022 until its sale on February 1, 2023. Prior-year comparatives were adjusted retrospectively. In the interim Group management report, we include the contributions by GD Towers in the results of operations according to the management approach for the period mentioned. Prior-year comparatives were not adjusted retrospectively. For information on the sale of GD Towers, please refer to the section “Group organization, strategy, and management” in the interim Group management report and the section “Changes in the composition of the Group and other transactions” in the interim consolidated financial statements.
^b	As of the third quarter of 2022 the principal/agent consideration regarding the recognition of gross and net revenues was changed. Prior-year comparatives were adjusted retrospectively.
^c	As of January 1, 2023, the definition of service revenue was extended. Prior-year comparatives were adjusted retrospectively.
^d	Including net debt reported under liabilities directly associated with non-current assets and disposal groups held for sale.

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millions

June 30, 2023

Mar. 31, 2023

Change
June 30, 2023/
Mar. 31, 2023
%

Dec. 31, 2022

Change
June 30, 2023/
Dec. 31, 2022
%

June 30, 2022

Change
June 30, 2023/
June 30, 2022
%

Fixed-network and mobile customers

Mobile customers^a

245.9

248.1

(0.9)

245.4

0.2

241.1

2.0

Fixed-network lines^b

25.3

0.1

25.3

0.1

25.3

0.1

Broadband customers^c

21.7

21.6

0.6

21.4

1.4

21.1

2.8

^a	Including T-Mobile US wholesale customers (June 30, 2023: 24.0 million; Mar. 31, 2023: 29.7 million; Dec. 31, 2022: 30.2 million; June 30, 2022: 30.0 million). In the second quarter of 2023, the number of wholesale customers at T-Mobile US decreased by 5.7 million, primarily due to a base adjustment.
^b	In the second quarter of 2023, fixed-network lines in Greece were adjusted retrospectively for the first quarter of 2023 due to changes in definitions.
^c	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. Changes were calculated on the basis of millions for greater precision.

For information on the development of business in the operating segments, please refer to the section “Development of business in the operating segments” in the interim Group management report and in the IR back-up on our Investor Relations website.

For information on our performance indicators and alternative performance measures, please refer to the section “Management of the Group” in the 2022 combined management report (2022 Annual Report) and our Investor Relations website.

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Deutsche Telekom at a glance

Deutsche Telekom at a glance

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