Group Development
Customer development
thousands |
|
|
|
|
|
|
|
|
|---|---|---|---|---|---|---|---|---|
|
|
Sept. 30, 2021 |
June 30, 2021 |
Change |
Dec. 31, 2020 |
Change |
Sept. 30, 2020 |
Change |
T‑Mobile Netherlands |
Mobile customers |
6,894 |
6,853 |
0.6 |
6,803 |
1.3 |
5,761 |
19.7 |
Fixed-network lines |
721 |
707 |
2.0 |
682 |
5.7 |
661 |
9.1 |
|
Broadband customers |
709 |
695 |
2.0 |
668 |
6.1 |
647 |
9.6 |
In the Netherlands, the number of mobile customers increased slightly. The number of fixed-network lines in the Netherlands also increased on the back of the positive development of operational business. It also profited from the reopening of the shops at the end of April 2021 after the coronavirus-related lockdown, and from successful advertising.
Development of operations
millions of € |
|
|
|
|
|
|
|
|
|
|
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Q1 2021 |
Q2 2021 |
Q3 2021 |
Q3 2020 |
Change % |
Q1-Q3 2021 |
Q1-Q3 2020 |
Change % |
FY 2020 |
||||
Total revenue |
|
782 |
780 |
787 |
719 |
9.5 |
2,349 |
2,142 |
9.7 |
2,883 |
||||
Of which: T‑Mobile Netherlands |
|
513 |
506 |
515 |
484 |
6.4 |
1,534 |
1,441 |
6.5 |
1,946 |
||||
Of which: GD Towersa, b |
|
282 |
283 |
270 |
248 |
8.9 |
835 |
743 |
12.4 |
989 |
||||
Profit (loss) from operations (EBIT) |
|
166 |
381 |
219 |
154 |
42.2 |
766 |
417 |
83.7 |
562 |
||||
Depreciation, amortization and impairment losses |
|
(210) |
(219) |
(183) |
(190) |
3.7 |
(613) |
(576) |
(6.4) |
(780) |
||||
EBITDA |
|
376 |
600 |
402 |
344 |
16.9 |
1,379 |
993 |
38.9 |
1,343 |
||||
Special factors affecting EBITDA |
|
(16) |
198 |
(21) |
(11) |
(90.9) |
161 |
(55) |
n.a. |
(43) |
||||
EBITDA (adjusted for special factors) |
|
392 |
403 |
423 |
355 |
19.2 |
1,218 |
1,049 |
16.1 |
1,386 |
||||
Of which: T‑Mobile Netherlands |
|
171 |
184 |
208 |
163 |
27.6 |
563 |
482 |
16.8 |
639 |
||||
Of which: GD Towersa, b |
|
224 |
226 |
220 |
199 |
10.6 |
670 |
589 |
13.8 |
786 |
||||
EBITDA AL |
|
301 |
516 |
319 |
273 |
16.8 |
1,135 |
781 |
45.3 |
1,058 |
||||
Special factors affecting EBITDA AL |
|
(16) |
198 |
(21) |
(11) |
(90.9) |
161 |
(55) |
n.a. |
(43) |
||||
EBITDA AL (adjusted for special factors) |
|
316 |
318 |
340 |
284 |
19.7 |
975 |
836 |
16.6 |
1,101 |
||||
Of which: T‑Mobile Netherlands |
|
151 |
155 |
179 |
141 |
27.0 |
484 |
419 |
15.5 |
554 |
||||
Of which: GD Towersa, b |
|
169 |
170 |
164 |
149 |
10.1 |
503 |
439 |
14.6 |
587 |
||||
EBITDA AL margin (adjusted for special factors) |
% |
40.4 |
40.8 |
43.2 |
39.5 |
|
41.5 |
39.0 |
|
38.2 |
||||
Cash capex |
|
(115) |
(134) |
(144) |
(330) |
56.4 |
(393) |
(566) |
30.6 |
(699) |
||||
|
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Total revenue
Total revenue in our Group Development operating segment increased in the first nine months of 2021 by 9.7 % year-on-year to EUR 2.3 billion. In organic terms, i.e., adjusted for the sale of the Dutch cell tower business as of June 1, 2021, 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, revenue increased by 4.3 %. 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 16.6 % year-on-year to EUR 975 million. In organic terms, adjusted EBITDA AL grew by 10.6 %. This growth was attributable to the aforementioned positive revenue trend at T‑Mobile 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 reassignment of the Austrian cell tower business. An operational increase in adjusted EBITDA AL was also achieved through revenue growth and cost transformation. EBITDA AL was positively influenced by net special factors of EUR 161 million, which mainly related to the gain on deconsolidation due to the sale of the Dutch cell tower business. EBITDA AL increased by EUR 354 million compared with the prior-year period to EUR 1.1 billion.
EBIT
EBIT increased year-on-year to EUR 766 million, mainly as a result of the development described under EBITDA AL. Depreciation, amortization and impairment losses increased by 6.4 % 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. This was offset by lower depreciation, amortization and impairment losses in connection with the fact that T‑Mobile Netherlands has been held for sale since September 6, 2021 and accordingly the related depreciation and amortization has been suspended.
Cash capex
Cash capex stood at EUR 393 million and was thus down on the level of the prior-year period, mainly due to the acquisition of mobile licenses by T‑Mobile Netherlands in the prior-year period.