German telecoms group Deutsche Telekom (DT) has reported its financials for the twelve months ended 31 December 2019, claimed to be ‘the most successful year in the history of the company’. Revenue totalled EUR80.53 billion (USD87.1 billion) in 2019, an increase of 6.4% from EUR75.65 billion the previous year, driven by T-Mobile US, which posted a 10.7% year-on-year rise in turnover to EUR40.42 billion. The Bonn-based telco reported group EBITDA of EUR27.12 billion for 2019, up 24.2% year-on-year, and adjusted EBITDA grew 23.0% over the same timeframe to EUR28.71 billion. Reported net profit (including special factors) jumped 78.5% from EUR2.16 billion to EUR3.86 billion over the twelve-month period, while adjusted net profit rose 8.9% in 2019 to EUR4.95 billion. ‘This is a historic day for Deutsche Telekom. We have confirmed our position as the clear number one in our industry in Europe with these record results,’ commented CEO Tim Hottges.
DT’s domestic operating segment generated revenue of EUR21.88 billion in 2019, a slight increase of 0.9% year-on-year and EBITDA rose by 3.8% to EUR8.32 billion. The firm’s German mobile subscriber base reached 46.19 million at the end of 2019 (an increase of 4.5% from 44.20 million a year earlier). Domestic fixed broadband lines grew 1.2% y-o-y to 13.73 million (of which 8.53 million were fibre-based – VDSL, Vectoring and FTTH – lines, up by 17.9%) and pay-TV accesses rose 7.9% to 3.62 million, while fixed network lines continued to decline, falling from 18.62 million at the end of 2018 to 17.82 million twelve months later.
T-Mobile US ended December 2019 with 86.05 million mobile subscribers, an increase of 8.0% from 79.65 million a year earlier, as the number of branded post-paid customers rose 10.6% y-o-y to 47.03 million. Total mobile customers across DT’s European operations declined by 8.7% to 46.16 million during 2019, partly due to the streamlining of M2M SIMs in Austria, and retail broadband lines and TV customers increased by 4.2% to 6.67 million and by 2.3% to 4.94 million, respectively. Revenue in the Europe segment rose by 2.4% y-o-y to EUR12.17 billion in FY 2019, with EBITDA jumping 14.8% from EUR3.76 billion in 2018 to EUR4.31 billion the following year.