DT reports revenue of EUR20bn in Q3

7 Nov 2019

German telecoms group Deutsche Telekom (DT) has reported net revenue of EUR20.0 billion (USD22.2 billion) for the three months ended 30 September 2019, an increase of 4.8% from EUR19.1 billion in the year-ago quarter. The Bonn-based company said that EBITDA totalled EUR7.3 billion for the third quarter of 2019, up 24.5% from EUR5.9 billion twelve months previously, and adjusted EBITDA grew 20.7% year-on-year to EUR7.5 billion. Reported net profit rose from EUR1.1 billion in 3Q18 to EUR1.4 billion twelve months later, and adjusted net profit climbed by 7.5% to EUR1.4 billion over the same timeframe.

DT’s domestic business generated revenue of EUR5.5 billion in Q3 2019, up slightly by 0.6% y-o-y, while adjusted EBITDA rose 1.7% to EUR2.3 billion. At 30 September 2019 the firm’s German wireless subscriber base stood at 45.6 million (an increase of 4.5% from 43.6 million a year earlier), with fixed broadband connections rising 1.3% y-o-y to 13.7 million (of which 8.2 million were VDSL, vectoring and FTTH lines, up by 19.4%) and pay-TV accesses growing 7.7% to 3.5 million.

Internationally, T-Mobile US continued to see rapid customer growth, recording more than one million net customer additions for the 26th consecutive quarter. The US cellco ended Q3 2019 with 84.2 million mobile subscribers, an increase of 9.0% from 77.2 million a year earlier, as the number of branded post-paid customers rose 11.1% y-o-y to 45.7 million. Revenue grew 8.4% to EUR10.0 billion and adjusted EBITDA jumped 33.7% to EUR3.6 billion. Total mobile customers across DT’s European operations dropped by 7.8% to 46.5 million, while retail broadband lines and TV customers grew 4.7% to 6.6 million and 2.9% to 4.9 million, respectively. Revenue in the Europe segment rose by 1.0% y-o-y to EUR3.1 billion in Q3 2019 and adjusted EBITDA increased 12.6% to EUR1.2 billion.

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