Deutsche Telekom 3Q results announced

9 Nov 2006

German incumbent Deutsche Telekom (DT) reported a year-on-year increase of 3.1% in revenues for the first three quarters of 2006, to EUR45.5 billion (USD58.1 billion). Adjusted net profit for the nine-month period was EUR3 billion (USD3.8 billion) while adjusted EBITDA was EUR14.9 billion (USD19 billion), year-on-year decreases of 17.8% and 4.1% respectively. Overall domestic revenues continued to drop with a year-on-year fall of 2.7%, but international revenues grew by 11%, with T-Mobile USA the main growth area, its revenues up by 10.2% on the year. International broadband/fixed network revenues were up slightly, but were far outweighed by falls in the increasingly competitive German market. After disappointing first half results, DT was forced to revise its year-end targets downwards, with full year EBITDA now forecast at between EUR19.2 billion and EUR19.7 billion (USD24.5 billion and USD25.2 billion). Chairman of the board Kai-Uwe Ricke said the group was on course to hit its year-end targets. Full metrics will appear in TeleGeography’s GlobalComms database in due course.

Germany, Deutsche Telekom (DT)