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Deutsche Telekom revenue grew 6.4 percent

Christian Fernsby |
Deutsche Telekom looks back on the most successful year in the history of the company.

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Revenue grew 6.4 percent in 2019 compared with the prior year to 80.5 billion euros.

Adjusted EBITDA AL increased 7.2 percent to 24.7 billion euros.

Free cash flow AL increased 15.9 percent to 7.0 billion euros.

Thus, Deutsche Telekom achieved its guidance for 2019, as raised in November. “This is a historic day for Deutsche Telekom,” said Tim Höttges, CEO of Deutsche Telekom.

“We have confirmed our position as the clear number one in our industry in Europe with these record results.”

Cash capex before spectrum investment stood at 13.1 billion euros in 2019, 7.6 percent above the prior-year level.

This increase was due to the accelerated 5G build-out in the United States.

Net profit increased 78.5 percent to 3.9 billion euros.

Negative special factors like the settlement agreement in the toll arbitration proceedings and impairment losses in the prior year compared with a range of much smaller effects in 2019.

Adjusted for special factors, net profit increased 8.9 percent to 4.9 billion euros.

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