DT posts 8.7% rise in Q1 revenue

9 May 2019

Germany’s Deutsche Telekom (DT) has reported revenue of EUR19.49 billion (USD21.8 billion) for the three months ended 31 March 2019, an increase of 8.7% from EUR17.92 billion in the year-ago quarter, primarily due to the stronger US dollar and acquisitions in Austria and the Netherlands. Group EBITDA totalled EUR6.46 billion in Q1 2019, up 22.6% from EUR5.27 billion in the first three months of 2018 and adjusted EBITDA grew by 24.4% year-on-year to EUR6.90 billion. The Bonn-based telco said that reported net profit (including special factors) fell 9.3% y-o-y to EUR900 billion, while adjusted net profit was stable at EUR1.18 billion in 1Q19.

In its domestic market, DT generated total revenue of EUR5.36 billion in the first quarter of 2019, up by 0.6% compared to the year-ago period, while adjusted EBITDA grew 1.5% to EUR1.95 billion. The firm’s German mobile subscriber base reached 44.66 million at 31 March 2019 (an increase of 4.5% y-o-y), of which 25.19 million were post-paid customers. Domestic fixed broadband lines grew 1.9% y-o-y to 13.61 million (of which 7.61 million were fibre-based – VDSL, vectoring and FTTH – lines, up by 22.1%) and pay-TV accesses rose 7.1% to 3.42 million, while fixed network lines continued to slide, falling 3.8% to 18.41 million in 1Q19.

T-Mobile US continued to see rapid subscriber growth, recording more than one million net customer additions each quarter for the last six years; the cellco ended March 2019 with 81.30 million mobile subscribers, an increase of 9.8% from 74.04 million a year earlier, as the number of branded post-paid customers rose 11.5% y-o-y to 43.54 million. Revenue jumped by 15.9% to EUR9.79 billion and in US dollars increased by 7.0% y-o-y to USD11.12 billion. Mobile customers across DT’s European operations fell by 3.0% to 47.80 million and retail broadband lines and TV customers grew by 15.7% to 6.48 million and 14.8% to 4.90 million, respectively. Revenue in the Europe segment was 2.8% higher than Q1 2018 at EUR2.89 billion and adjusted EBITDA jumped 16.2% to EUR1.06 billion.

Germany, Deutsche Telekom (DT), T-Mobile US, Telekom Deutschland