DT revenue down 1.7% in Q2 due to weaker US dollar

12 Aug 2021

German telecoms group Deutsche Telekom (DT) has reported net revenue of EUR26.59 billion (USD31.2 billion) for the three months ended 30 June 2021, a slight decrease of 1.7% from EUR27.04 billion in the year-ago quarter, due to the weaker US dollar compared with 2Q20. In organic terms (adjusted for changes in the composition of the group and exchange rate effects), revenue grew by 6.8% year-on-year. Adjusted group EBITDA totalled EUR10.88 billion in Q2 2021, down 3.5% from EUR11.27 billion in second quarter of 2020. The Bonn-based telco said that reported net profit (including special factors) jumped from EUR754 million to EUR1.88 billion, while adjusted net profit grew by 65.3% year-on-year to EUR2.11 billion in 2Q21.

In its domestic market, DT generated total revenue of EUR5.90 billion in the second quarter of 2021, up by 0.9% compared to the year-ago period, while adjusted EBITDA grew 3.7% to EUR2.35 billion. The firm’s German mobile subscriber base reached 50.27 million at 30 June 2021 (an increase of 6.7% y-o-y), of which 22.68 million were post-paid customers. Domestic fixed broadband lines grew 2.9% y-o-y to 14.30 million (of which 9.98 million were fibre-based – VDSL, vectoring and FTTH – lines, up by 10.6%) and pay-TV accesses rose 5.6% to 3.93 million.

T-Mobile US ended June 2021 with 104.79 million mobile subscribers, a decrease of 2.7% from 107.72 million a year earlier, although the number of post-paid customers rose 7.8% y-o-y to 83.85 million. Revenue fell by 3.8% to EUR16.64 billion and adjusted EBITDA declined 9.0% y-o-y to EUR5.74 billion. Mobile customers across DT’s European operations rose by 0.3% to 45.79 million, and retail broadband lines and TV customers grew by 3.9% to 7.06 million and 3.0% to 5.10 million, respectively. Revenue in the Europe segment rose by 4.3% y-o-y to EUR2.82 billion in Q2 2021, and adjusted EBITDA rose by 4.4% to EUR994 million, thanks to a slight increase in travel activity together with the associated moderate recovery in roaming revenues.

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