Deutsche Telekom Q1 revenues fall 4.5%

Nieuws Algemeen Duitsland 8 MAY 2013
Deutsche Telekom Q1 revenues fall 4.5%

Deutsche Telekom reported first-quarter revenues down 4.5 percent year-on-year to EUR 13.8 billion. In the US, revenues fell 8.0 percent to EUR 3.5 billion, German revenues were down 1.6 percent to EUR 5.6 billion, and the rest of Europe contracted 6.9 percent to EUR 3.3 billion, hurt by cuts to mobile termination rates. Adjusted EBITDA fell 4.3 percent to EUR 4.3 billion, giving an unchanged margin of 31.1 percent, and net profit was up 3.5 percent to EUR 564 million. 

Free cash flow for the first three months of the year declined 7.5 percent to EUR 1.0 billion, as capex rose almost 40 percent to EUR 3.0 billion due to the costs of new spectrum licences in the Netherlands. Deutsche Telekom maintained its full-year guidance for free cash flow of around EUR 5 billion and adjusted EBITDA of EUR 17.4 billion (excluding MetroPCS). 

The German operator said it resolved some major issues in the quarter, including closing the merger of T-Mobile USA and MetroPCS and the approval of new broadband regulations in Germany. T-Mobile USA reported its first growth in branded customers in four years in Q1 and has sold over half a million iPhones since launching the Apple phone in April. 

Deutsche Telekom finished the quarter with just over 37 million mobile customers worldwide, up by 5.4 percent from a year earlier. Fixed-line customers were down 4.4 percent from March 2012 to 22.1 million, while broadband users rose by 0.6 percent to 12.4 million, and TV subscribers increased by 18 percent to just over 2 million. 

Categories:

Algemeen

Companies:

T-Mobile,  MetroPCS,  T-Mobile USA,  Deutsche Telekom

Regions:

Europa

Countries:

Duitsland,  Verenigde Staten

Tags:

Voice services, Data services, Financial figures, Internet Access

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