Deutsche Telekom closed 2024 with record financial results, reporting revenue of €115.8 billion, up 3.4% year-over-year, and adjusted EBITDA AL of €43.0 billion, an increase of 6.2%. The company’s free cash flow AL rose by 18.7% to €19.2 billion, enabling a proposed dividend of €0.90 per share, the highest in its history. CEO Tim Höttges highlighted strong performance across all business segments and reaffirmed Deutsche Telekom’s strategy for sustained growth in 2025.
For 2025, Deutsche Telekom projects adjusted EBITDA AL of approximately €44.9 billion, up 4.5%, and free cash flow AL of €19.9 billion, a 4.0% increase. Adjusted earnings per share is expected to grow 9% to around €2.00. The company also plans up to €2 billion in share buybacks while maintaining its investment focus on fiber expansion in Germany, customer growth in the U.S., and continued earnings gains in Europe.
Key financial highlights:
• Total revenue: €115.8 billion (+3.4% YoY)
• Service revenue: €96.5 billion (+3.9% YoY)
• Adjusted EBITDA AL: €43.0 billion (+6.2% YoY)
• Free cash flow AL: €19.2 billion (+18.7% YoY)
• Adjusted net profit: €9.4 billion (+18.3% YoY)
• Adjusted EPS: €1.90 (+19.3% YoY)
• Dividend proposal: €0.90 per share
• Share buyback program: Up to €2 billion in 2025
Segment performance:
Germany:
• 10 million households can now access Deutsche Telekom’s fiber network
• 472,000 new fiber subscribers in 2024, up 61% YoY
• 134,000 net broadband additions and 311,000 new TV customers
• Mobile contract customer base grew by 1.2 million
United States:
• T-Mobile US service revenue: $66.1 billion (+4.5% YoY)
• Adjusted EBITDA AL: $30.9 billion (+8.1% YoY)
• 6.1 million new postpaid mobile customers, including 3.1 million phone customers
• Fixed wireless broadband subscribers grew to 6.4 million, up 1.7 million YoY
• Deutsche Telekom’s stake in T-Mobile US rose to 51.5%
Europe:
• Adjusted EBITDA AL: €4.4 billion (+8.1% YoY)
• Revenue: €12.3 billion (+5.2% YoY)
• 729,000 new mobile contract customers
• 234,000 new broadband subscribers
Systems Solutions (T-Systems):
• Revenue: €4.0 billion (+2.8% YoY)
• Adjusted EBITDA AL: €369 million (+14.8% YoY)
• Order entry: Up 10.8% YoY to €4.0 billion
“Another record year for Deutsche Telekom,” said CEO Tim Höttges. “We are growing across all business areas, and our strategy is delivering results. With strong momentum, we are well-positioned to build on our success in 2025.”
