DEUTSCHE TELEKOM AG - Full year results 2021

• Revenue up by 7.7 percent to 108.8 billion euros
• Adjusted EBITDA AL up by 6.6 percent to 37.3 billion euros
• Free cash flow AL up by 40.1 percent to 8.8 billion euros
• Guidance for 2021 exceeded based on constant exchange rates 
• Adjusted net profit of 5.9 billion euros: plus 2.6 percent, adjusted earnings per share of 1.22 euros
• Guidance for 2022: free cash flow AL of around 10 billion euros, adjusted EBITDA AL of around 36.5 billion euros, adjusted core EBITDA AL to rise by around 5 percent
• Strong customer growth in Germany
• T-Mobile US: strong increase in synergies from merger with Sprint
• Adjusted EBITDA AL of more than 4 billion euros for the first time in the Europe segment 

Expectations exceeded. Deutsche Telekom increased its financial figures in 2021. The Group’s total revenue grew by 7.7 percent in the 2021 financial year to 108.8 billion euros, with service revenues increasing by 6.5 percent to 84.1 billion euros. Adjusted EBITDA AL rose by 6.6 percent year-on-year to 37.3 billion euros. Based on constant exchange rates, i.e., those used for the 2021 guidance, the Group reached 38.2 billion euros, exceeding its forecast for adjusted EBITDA AL, which had just been raised in November. Free cash flow AL totaled 8.8 billion euros. That is an increase of around 40.1 percent compared with 2020. The dividend proposed to the shareholders’ meeting on April 7 is 0.64 euros per share.

Full press release (ENG)