DT posts 7.7% rise in 2021 revenue

24 Feb 2022

German telecoms company Deutsche Telekom (DT) has stated that it ‘exceeded expectations’ in 2021, reporting that net revenue increased by 7.7% from EUR100.99 billion (USD114.4 billion) in 2020 to EUR108.79 billion the following year. Adjusted EBITDA rose by 6.9% to EUR43.17 billion in 2021 and adjusted EBITDA AL was up 6.6% to EUR37.33 billion, thereby exceeding DT’s guidance for the year, which had been raised in November. Net profit (after non-controlling interests) increased by 0.4% from EUR4.16 billion to EUR4.18 billion, while adjusted net profit (after non-controlling interests) rose 2.6% year-on-year to EUR5.86 billion.

In its domestic market, DT generated total revenue of EUR24.16 billion in FY 2021, up by 1.6% from 2020, while adjusted EBITDA AL grew 3.6% to EUR9.52 billion. The firm’s German mobile subscriptions reached 53.21 million at 31 December 2021 (an increase of 10.4% y-o-y), of which 23.13 million were post-paid subscriptions. Domestic fixed broadband lines grew 2.5% to 14.48 million (of which 10.38 million were fibre-based – VDSL, vectoring and FTTH – subscriptions, up by 9.1%) and pay-TV subscriptions rose 3.5% to 4.00 million, while fixed network lines continued to decline, falling from 17.59 million at end-2020 to 17.52 million twelve months later.

T-Mobile US ended Q4 2021 with 108.72 million mobile subscriptions, an increase of 6.5% from 102.06 million a year earlier, as the number of post-paid subscriptions rose 7.8% y-o-y to 87.66 million. Revenue grew 11.7% to EUR68.36 billion and adjusted EBITDA AL grew 8.1% to EUR22.69 billion. Mobile subscriptions across DT’s European operations increased by 0.4% to 45.82 million, although broadband lines and TV subscriptions dropped by 8.1% to 6.38 million and 20.4% to 4.02 million, respectively, due to the sale of Telekom Romania Communications. Revenue in the Europe segment inched up 0.4% to EUR11.38 billion in FY21, and adjusted EBITDA AL increased 2.5% to EUR4.01 billion.

Germany, Deutsche Telekom (DT)