German telecoms giant Deutsche Telekom (DT) has reported revenue of EUR16.2 billion (USD23.3 billion) for the three months ended 30 June 2009, up 7.4% year-on-year. The group’s adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) in the second quarter of 2009 rose by 8.4% to EUR5.3 billion, compared to the same period a year earlier. Meanwhile, net profit grew 32.2% year-on-year to reach EUR521 million at 30 June 2009. ‘The figures for the second quarter make us confident for the full year. Hence, we confirm our forecast for 2009,’ said Rene Obermann, DT’s chairman of the board of management. With regards to DT’s half year results, revenue increased 6.8% year-on-year in the first six months of 2009 to reach EUR32.1 billion, as a result of the consolidation of the Greek telecoms company OTE. Adjusted EBITDA rose 5.6% to EUR10.1 billion and adjusted net profit by 2% to EUR1.4 billion.
The group posted a worldwide mobile subscriber base of 149.8 million at 30 June 2009, up eight million year-on-year. Driven by the inclusion of OTE’s mobile subsidiary Cosmote, the group’s European mobile communications companies recorded year-on-year revenue growth of 6% in the second quarter, while adjusted EBITDA rose by 5.3%. Revenue at T-Mobile Deutschland in the first six months of 2009 was down 2.2% year-on-year to EUR3.8 billion, while adjusted EBITDA decreased by 4.1% to EUR1.4 billion, due to tough competition and regulatory decisions. T Mobile USA recorded a year-on-year revenue rise of 15.7% and a 12.1% increase in EBITDA in the first half of the year, attributable to exchange rate effects. In terms of US dollars, revenue increased by 0.8% and EBITDA declined by 2.3%.
Meanwhile, DT’s total retail broadband customers grew 16.7% year-on-year to 14.5 million at 30 June 2009. DT’s domestic broadband/fixed network division T-Home saw revenue decrease by 5.1% year-on-year in Q2 2009 to reach EUR4.7 billion. Thanks to increased cost discipline, T-Home Deutschland recorded adjusted EBITDA of around EUR1.6 billion in Q2 2009. The company’s IPTV service Entertain posted a customer base of 721,000 at 30 June 2009, up 188% year-on-year. Nevertheless, domestic fixed line losses stood at 473,000 in the second quarter of 2009, the lowest level since the end of 2005. International revenue in the fixed network business increased by EUR1.3 billion to EUR2.4 billion in the first half of the year. Internationally, a year-on-year increase of 637,000 broadband lines was achieved bringing the total to 3.6 million at 30 June 2009.