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Deutsche Telekom Q1 Revenues Slide, Profits Up

Deutsche Telekom’s Q1 revenue declined 1.1 percent to EUR 14.4 billion compared to a year ago, while EBITDA remained stable at EUR 4.5 billion, and adjusted EDITDA margin hit 31.0 percent, 0.4 percentage points higher than one year before.

Domestic net revenue amounted to EUR 6.4 billion, around EUR 0.2 billion lower than in the first three

months of 2011. International net revenue remained on a par with the level in the prior-year quarter at

EUR 8.0 billion.

“This was a very satisfying quarter for us,” said René Obermann, Chief Executive Officer of Deutsche Telekom. “We have made significant progress in many areas and can now confirm our guidance for the year.”

The company cited macroeconomic worries in Europe, intense competition and price changes imposed by the regulatory authorities as having a negative effect.

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