2/26/2021, 7:00 AM (Source: TeleTrader)
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Deutsche Telekom's revenue rises 25.4% to €101B in 2020

Deutsche Telekom's revenue rose 25.4% year on year to €101 billion in the full-year 2020, the company announced on Friday. Its net profit in the same period increased 7.5% to €4.2 billion and earnings per share were up 7.3% from 2019 to €0.88.

"For the first time ever, we broke the 100-billion-euro revenue barrier in a single financial year. This is an historic achievement. The additional revenue from the business combination with mobile carrier Sprint in the United States was a decisive factor. But we are also growing organically. Our earnings were also up, both in the United States and in business on this side of the Atlantic. Adjusted EBITDA AL (i.e., adjusted EBITDA taking account of depreciation of right-of-use assets and interest expenses on lease liabilities) was right on the mark for 2020. Free cash flow AL was well above our guidance. The figures now presented demonstrate very clearly that Deutsche Telekom is still on a growth course. And we want to keep it that way," CEO Tim Hoettges said.

Deutsche Telekom added its number of mobile customers rose by 31.4% in 2020 compared to the previous year and reached 241.8 million, its number of broadband customers, excluding wholesale, was up by 3.5% to reach 21.7 million whereas the number of Deutsche Telekom's fixed-network lines customers declined by 0.7% to 27.4 million.

Baha Breaking News (BBN) / VP