Financials Deutsche Telekom AG

Equities

DTE

DE0005557508

Integrated Telecommunications Services

Market Closed - Xetra Other stock markets 11:35:25 2025-07-17 am EDT			After hours 02:31:46 pm
30.63 ^EUR	+1.32%		30.57	-0.20%

Jul. 15	Germany plans AI offensive to catch up on key technologies, document shows	RE
Jul. 15	Germany plans AI offensive to catch up on key technologies, document shows	RE

Projected Income Statement: Deutsche Telekom AG

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	100,999	108,794	114,413	111,985	115,769	117,999	121,135	125,295
Change	-	7.72%	5.16%	-2.12%	3.38%	1.93%	2.66%	3.43%
EBITDA ¹	35,017	37,330	40,208	40,497	43,021	45,818	48,220	50,544
Change	-	6.61%	7.71%	0.72%	6.23%	6.5%	5.24%	4.82%
EBIT ¹	15,300	16,749	21,330	23,277	25,853	26,406	28,346	30,805
Change	-	9.47%	27.35%	9.13%	11.07%	2.14%	7.35%	8.68%
Interest Paid ¹	-4,638	-4,601	-4,455	-5,719	-5,686	-5,882	-6,029	-6,043
Earnings before Tax (EBT) ¹	8,677	7,900	11,703	24,957	22,958	20,133	23,021	25,503
Change	-	-8.95%	48.14%	113.25%	-8.01%	-12.31%	14.34%	10.78%
Net income ¹	4,158	4,176	8,001	17,788	11,209	9,115	9,912	11,048
Change	-	0.43%	91.59%	122.32%	-36.99%	-18.68%	8.74%	11.46%
Announcement Date	2/26/21	2/24/22	2/23/23	2/23/24	2/26/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	27,041	26,393	27,622	26,390	26,593	26,877	28,934	28,023	28,168	28,979	29,800	27,839	27,221	27,556	29,369	27,942	28,394	28,501	30,932	29,755	26,112	28,771	30,693
Change	-	-2.4%	4.66%	-4.46%	0.77%	1.07%	7.65%	-3.15%	0.52%	2.88%	2.83%	-6.58%	-2.22%	1.23%	6.58%	-4.86%	1.62%	0.38%	8.53%	-3.81%	-12.24%	10.18%	6.68%
EBITDA ¹	9,829	9,692	8,952	9,245	9,418	9,661	9,007	11,436	11,476	10,481	9,964	9,963	10,038	10,486	10,010	10,473	10,819	11,096	10,632	11,297	12,501	-	-
Change	-	-1.39%	-7.64%	3.27%	1.87%	2.58%	-6.77%	26.97%	0.35%	-8.67%	-4.93%	-0.01%	0.75%	4.46%	-4.54%	4.63%	3.3%	2.56%	-4.18%	6.25%	10.66%	-	-
EBIT ¹	-	4,297	3,538	4,036	4,347	4,441	3,925	5,140	5,100	5,772	5,318	5,540	5,848	6,306	5,583	6,208	6,535	6,881	6,229	6,883	6,759	7,121	6,653
Change	-	-	-17.66%	14.08%	7.71%	2.16%	-11.62%	30.96%	-0.78%	13.18%	-7.87%	4.17%	5.56%	7.83%	-11.47%	11.19%	5.27%	5.29%	-9.48%	10.5%	-1.81%	5.36%	-6.57%
Charge d'intérêts	-	-	-1,240	-	-	-	-1,139	-908	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	1,844	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income ¹	754	817	1,671	936	1,879	889	471	3,949	1,460	1,578	1,014	15,360	-	1,924	-1,035	1,982	2,088	2,957	4,182	2,845	2,317	2,330	2,002
Change	-	8.36%	104.53%	-43.99%	100.75%	-52.69%	-47.02%	738.43%	-63.03%	8.08%	-35.74%	1,414.79%	-	-	-153.79%	291.5%	5.35%	41.62%	41.43%	-31.97%	-18.57%	0.6%	-14.11%
Announcement Date	8/13/20	11/12/20	2/26/21	5/12/21	8/12/21	11/12/21	2/24/22	5/13/22	8/11/22	11/10/22	2/23/23	5/11/23	8/10/23	11/9/23	2/23/24	5/16/24	8/8/24	11/14/24	2/26/25	5/15/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2024 S1	2025 S1
Net sales ¹	56,337	58,307
Change	-	3.5%
EBITDA ¹	21,292	25,396
Change	-	19.27%
EBIT	12,743	-
Change	-	-
Charge d'intérêts	-	-
Earnings before Tax (EBT)	-	-
Change	-	-
Net income ¹	4,070	4,861
Change	-	19.43%
Announcement Date	8/8/24	-

¹EUR in Million

Estimates

Forecast Balance Sheet: Deutsche Telekom AG

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	120,200	132,142	142,425	132,279	137,327	127,743	120,730	117,371
Change	-	9.94%	7.78%	-7.12%	3.82%	-6.98%	-5.49%	-2.78%
Announcement Date	2/26/21	2/24/22	2/23/23	2/23/24	2/26/25	-	-	-

¹EUR in Million

Estimates

Cash Flow Forecast: Deutsche Telekom AG

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	18,694	26,365	16,563	13,471	15,819	16,479	16,617	16,548
Change	-	41.03%	-37.18%	-18.67%	17.43%	4.17%	0.84%	-0.41%
Free Cash Flow (FCF) ¹	5,049	8,810	11,500	16,141	19,156	19,974	20,840	22,176
Change	-	74.49%	30.53%	40.36%	18.68%	4.27%	4.33%	6.41%
Announcement Date	2/26/21	2/24/22	2/23/23	2/23/24	2/26/25	-	-	-

¹EUR in Million

Estimates

Forecast Financial Ratios: Deutsche Telekom AG

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	34.67%	34.31%	35.14%	36.16%	37.16%	38.83%	39.81%	40.34%
EBIT Margin (%)	15.15%	15.4%	18.64%	20.79%	22.33%	22.38%	23.4%	24.59%
EBT Margin (%)	8.59%	7.26%	10.23%	22.29%	19.83%	17.06%	19%	20.35%
Net margin (%)	4.12%	3.84%	6.99%	15.88%	9.68%	7.72%	8.18%	8.82%
FCF margin (%)	5%	8.1%	10.05%	14.41%	16.55%	16.93%	17.2%	17.7%
FCF / Net Income (%)	121.43%	210.97%	143.73%	90.74%	170.9%	219.14%	210.26%	200.73%
Profitability
ROA	2.62%	2.15%	3.13%	2.7%	3.16%	3.62%	3.82%	4.2%
ROE	16.9%	14.92%	19.91%	15.05%	15.63%	14.53%	15.24%	16.67%
Financial Health
Leverage (Debt/EBITDA)	3.43x	3.54x	3.54x	3.27x	3.19x	2.79x	2.5x	2.32x
Debt / Free cash flow	23.81x	15x	12.38x	8.2x	7.17x	6.4x	5.79x	5.29x
Capital Intensity
CAPEX / Current Assets (%)	18.51%	24.23%	14.48%	12.03%	13.66%	13.97%	13.91%	13.21%
CAPEX / EBITDA (%)	53.39%	70.63%	41.19%	33.26%	36.77%	32.6%	31.84%	32.74%
CAPEX / FCF (%)	370.25%	299.26%	144.03%	83.46%	82.58%	82.5%	79.74%	74.62%
Items per share
Cash flow per share ¹	5.006	6.684	7.204	7.486	8.075	4.65	6.618	6.868
Change	-	33.53%	7.78%	3.91%	7.88%	-42.42%	42.33%	3.77%
Dividend per Share ¹	0.6	0.64	0.7	0.77	0.9	1.036	1.166	1.317
Change	-	6.67%	9.37%	10%	16.88%	15.11%	12.58%	12.91%
Book Value Per Share ¹	7.545	8.56	9.738	11.43	12.92	13.26	13.64	14.14
Change	-	13.45%	13.76%	17.42%	12.97%	2.64%	2.87%	3.65%
EPS ¹	0.88	0.87	1.612	3.57	2.27	1.859	2.048	2.313
Change	-	-1.14%	85.33%	121.41%	-36.41%	-18.09%	10.16%	12.94%
Nbr of stocks (in thousands)	4,742,934	4,743,456	4,971,941	4,972,701	4,898,512	4,869,331	4,869,331	4,869,331
Announcement Date	2/26/21	2/24/22	2/23/23	2/23/24	2/26/25	-	-	-