Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
Change
%
|
FY
2009
millions
of €
|
||||||||||||||
Revenue
and earnings
|
|||||||||||||||||
Net
revenue
|
15,812 | 15,902 | (0.6 | ) | 64,602 | ||||||||||||
Domestic
|
6,739 | 6,943 | (2.9 | ) | 28,033 | ||||||||||||
International
|
9,073 | 8,959 | 1.3 | 36,569 | |||||||||||||
Proportion
generated internationally
|
(%)
|
57.4 | 56.3 | 56,6 | |||||||||||||
Profit
from operations (EBIT)
|
2,029 | 244 |
n.a.
|
6,012 | |||||||||||||
Net
profit (loss)
|
767 | (1,124 | ) |
n.a.
|
353 | ||||||||||||
Net
profit (loss) (adjusted
for special factors)
|
891 | 655 | 36.0 | 3,390 | |||||||||||||
EBITDA
|
4,690 | 4,942 | (5.1 | ) | 19,906 | ||||||||||||
EBITDA
(adjusted for special factors)
|
4,890 | 4,812 | 1.6 | 20,668 | |||||||||||||
EBITDA
margin (adjusted
for special factors)
|
(%)
|
30.9 | 30.3 | 32,0 | |||||||||||||
Earnings
per share basic/diluted
|
(€)
|
0.18 | (0.26 | ) |
n.a.
|
0,08 | |||||||||||
Statement
of financial position
|
|||||||||||||||||
Total
assets
|
130,803 | 133,764 | (2.2 | ) | 127,774 | ||||||||||||
Shareholders’
equity
|
44,279 | 45,158 | (1.9 | ) | 41 937 | ||||||||||||
Equity
ratio
|
(%)
|
33.9 | 33.8 | 32,8 | |||||||||||||
Net
debt
|
40,418 | 42,833 | (5.6 | ) | 40,911 | ||||||||||||
Cash
capex
|
(1,934 | ) | (2,611 | ) | 25.9 | (9,202 | ) | ||||||||||
Cash
flows
|
|||||||||||||||||
Net
cash from operating activities
|
3,271 | 2,966 | 10.3 | 15,795 | |||||||||||||
Free
cash flow (before dividend payments)
|
1,439 | 416 |
n.a.
|
6,969 | |||||||||||||
Net
cash used in investing activities
|
(1,793 | ) | (1,509 | ) | (18.8 | ) | (8,649 | ) | |||||||||
Net
cash used in financing activities
|
(899 | ) | (387 | ) |
n.a.
|
(5,123 | ) | ||||||||||
Mar.
31, 2010
|
Dec.
31, 2009
|
Change
Mar.
31, 2010/
Dec.
31, 2009
%
|
Mar.
31, 2009
|
Change
Mar.
31, 2010/
Mar.
31, 2009
%
|
||||||||||||||||
Deutsche
Telekom Group
|
258,240 | 259,920 | (0.6 | ) | 260,798 | (1.0 | ) | |||||||||||||
Non-civil
servants
|
229,299 | 230,732 | (0.6 | ) | 228,928 | 0.2 | ||||||||||||||
Civil
servants (domestic)
|
28,941 | 29,188 | (0.8 | ) | 31,870 | (9.2 | ) | |||||||||||||
Mar.
31, 2010
|
Dec.
31, 2009
|
Change
Mar.
31, 2010/
Dec.
31, 2009
%
|
Mar.
31, 2009
|
Change
Mar.
31, 2010/
Mar.
31, 2009
%
|
|||||||||||||||||
Fixed-network
lines
|
(millions)
|
37.5 | 38.2 | (1.8 | ) | 40.3 | (6.9 | ) | |||||||||||||
Retail
broadband lines
|
(millions)
|
15.4 | 15.0 | 2.7 | 14.2 | 8.5 | |||||||||||||||
Mobile
customers
|
(millions)
|
150.2 | 151.7 | (1.0 | ) | 148.5 | 1.1 | ||||||||||||||
Contents
|
|
To
our shareholders
|
|
Developments
in the Group
|
|
T-Share
price performance
|
|
Corporate
governance
|
|
Highlights
in the first quarter of 2010
|
|
Interim
Group management report
|
|
The
economic environment
|
|
Group
strategy
|
|
Development
of business in the Group
|
|
Development
of business in the operating segments
|
|
Risks
and opportunities
|
|
Events
after the reporting period
|
|
Development
of revenue and profits
|
|
Interim
consolidated financial statements
|
|
Consolidated
statement of financial position
|
|
Consolidated
income statement
|
|
Consolidated
statement of comprehensive income
|
|
Consolidated
statement of changes in equity
|
|
Consolidated
statement of cash flows
|
|
Selected
explanatory notes
|
|
Review
report
|
|
Further
information
|
|
Reconciliation
of pro forma figures
|
|
Financial
calendar
|
|
Glossary
|
|
Disclaimer
|
§
|
Net
revenue of the Group decreased slightly by 0.6 percent year-on-year
in the first quarter of 2010 to
EUR 15.8 billion.
|
§
|
The
proportion of net revenue generated internationally increased from
56.3 percent to 57.4 percent. Domestic net revenue was
EUR 6.7 billion in the first quarter of 2010,
EUR 0.2 billion lower than in the first quarter of 2009.
International net revenue increased year-on-year by
EUR 0.1 billion to
EUR 9.1 billion.
|
§
|
Group
EBITDA decreased in the first quarter of 2010 by EUR 0.3 billion
to EUR 4.7 billion compared with the first three months of 2009.
Group EBITDA adjusted for special factors increased from
EUR 4.8 billion in the prior-year period to
EUR 4.9 billion.
|
§
|
Net
profit increased by EUR 1.9 billion in the first quarter of 2010
to EUR 0.8 billion.
|
§
|
Earnings
per share increased in the first quarter of 2010 by EUR 0.44 to
EUR 0.18 compared with the prior-year
quarter.
|
§
|
Free
cash flow before dividend payments increased to EUR 1.4 billion
compared with EUR 0.4 billion in the first quarter of
2009.
|
§
|
Net
debt decreased by EUR 0.5 billion compared with the end of 2009
to EUR 40.4 billion.
|
Q1 2010 | Q1 2009 |
FY
2009
|
|||||||||||
Xetra
closing prices
|
(€)
|
||||||||||||
Share
price on the last trading day
|
10.04 | 9.35 | 10.29 | ||||||||||
Quarterly
high
|
10.60 | 11.39 | 11.39 | ||||||||||
Quarterly
low
|
9.21 | 9.07 | 7.93 | ||||||||||
Weighting
of the T-Share in major stock indexes
|
|||||||||||||
DAX
30
|
(%)
|
5.5 | 7.5 | 5.8 | |||||||||
Dow
Jones Euro STOXX 50©
|
(%)
|
1.8 | 2.6 | 1.9 | |||||||||
Dow
Jones Europe STOXX Telecommunications©
|
(%)
|
9.2 | 10.4 | 9.3 | |||||||||
Market
capitalization
|
(billions
of €)
|
43.9 | 40.9 | 44.9 | |||||||||
Shares
issued
|
(millions)
|
4,361 | 4,361 | 4,361 | |||||||||
§
|
Improve
the performance of mobile-centric
assets.
|
§
|
Leverage
One Company in integrated assets.
|
§
|
Build
networks and processes for the gigabit
society.
|
§
|
Connected
life across all screens.
|
§
|
Connected
work with unique ICT solutions.
|
Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
Change
millions
of €
|
Change
%
|
FY
2009
millions
of €
|
||||||||||||||||
Net
revenue
|
15,812 | 15,902 | (90 | ) | (0.6 | ) | 64,602 | |||||||||||||
Germany
|
6,189 | 6,331 | (142 | ) | (2.2 | ) | 25,423 | |||||||||||||
United
States
|
3,814 | 4,137 | (323 | ) | (7.8 | ) | 15,471 | |||||||||||||
Europe
|
2,412 | 2,436 | (24 | ) | (1.0 | ) | 10,034 | |||||||||||||
Southern
and Eastern Europe
|
2,387 | 1,964 | 423 | 21.5 | 9,685 | |||||||||||||||
Systems
Solutions
|
2,131 | 2,106 | 25 | 1.2 | 8,798 | |||||||||||||||
Group
Headquarters & Shared Services
|
565 | 618 | (53 | ) | (8.6 | ) | 2,410 | |||||||||||||
Intersegment
revenue
|
(1,686 | ) | (1,690 | ) | 4 | 0.2 | (7,219 | ) | ||||||||||||
Q1
2010
millions
of €
|
Proportion
of net revenue of the Group
%
|
Q1
2009
millions
of €
|
Proportion
of net revenue of the Group
%
|
Change
millions
of €
|
Change
%
|
FY
2009
millions
of
€
|
||||||||||||||||||||||
Net
revenue
|
15,812 | 100.0 | 15,902 | 100.0 | (90 | ) | (0.6 | ) | 64,602 | |||||||||||||||||||
Germany
|
5,804 | 36.7 | 5,969 | 37.5 | (165 | ) | (2.8 | ) | 23,813 | |||||||||||||||||||
United
States
|
3,810 | 24.1 | 4,133 | 26.0 | (323 | ) | (7.8 | ) | 15,457 | |||||||||||||||||||
Europe
|
2,264 | 14.3 | 2,307 | 14.5 | (43 | ) | (1.9 | ) | 9,486 | |||||||||||||||||||
Southern
and Eastern Europe
|
2,349 | 14.9 | 1,929 | 12.1 | 420 | 2.8 | 9,510 | |||||||||||||||||||||
Systems
Solutions
|
1,532 | 9.7 | 1,496 | 9.4 | 36 | 2.4 | 6,083 | |||||||||||||||||||||
Group
Headquarters & Shared Services
|
53 | 0.3 | 68 | 0.5 | (15 | ) | (22.1 | ) | 253 | |||||||||||||||||||
Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
Change
millions
of €
|
Change
%
|
FY
2009
millions
of €
|
|||||||||||||||||
Net
revenue
|
15,812 | 15,902 | (90 | ) | (0.6 | ) | 64,602 | ||||||||||||||
Domestic
|
6,739 | 6,943 | (204 | ) | (2.9 | ) | 28,033 | ||||||||||||||
International
|
9,073 | 8,959 | 114 | 1.3 | 36,569 | ||||||||||||||||
Proportion
generated internationally
|
(%)
|
57.4 | 56.3 | 56.6 | |||||||||||||||||
Europe
(excluding
Germany)
|
5,074 | 4,684 | 390 | 8.3 | 20,573 | ||||||||||||||||
North
America
|
3,837 | 4,148 | (311 | ) | (7.5 | ) | 15,527 | ||||||||||||||
Other
|
162 | 127 | 35 | 27.6 | 469 | ||||||||||||||||
Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
Change
millions
of €
|
Change
%
|
FY
2009
millions
of €
|
||||||||||||||||
Adjusted
EBITDA in the Group
|
4,890 | 4,812 | 78 | 1.6 | 20,668 | |||||||||||||||
Germany
|
2,299 | 2,363 | (64 | ) | (2.7 | ) | 9,607 | |||||||||||||
United
States
|
1,008 | 1,061 | (53 | ) | (5.0 | ) | 4,261 | |||||||||||||
Europe
|
665 | 467 | 198 | 42.4 | 2,557 | |||||||||||||||
Southern
and Eastern Europe
|
925 | 799 | 126 | 15.8 | 3,826 | |||||||||||||||
Systems
Solutions
|
196 | 211 | (15 | ) | (7.1 | ) | 923 | |||||||||||||
Group
Headquarters & Shared Services
|
(172 | ) | (50 | ) | (122 | ) |
n.a.
|
(315 | ) | |||||||||||
Reconciliation
|
(31 | ) | (39 | ) | 8 | 20.5 | (191 | ) | ||||||||||||
Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
Change
millions
of €
|
Change
%
|
FY
2009
millions
of €
|
||||||||||||||||
EBIT
(profit (loss) from operations) of the Group
|
2,029 | 244 | 1,785 |
n.a.
|
6,012 | |||||||||||||||
Germany
|
1,171 | 1,325 | (154 | ) | (11.6 | ) | 5,062 | |||||||||||||
United
States
|
544 | 530 | 14 | 2.6 | 2,233 | |||||||||||||||
Europe
|
375 | (1,786 | ) | 2,161 |
n.a.
|
(905 | ) | |||||||||||||
Southern
and Eastern Europe
|
304 | 504 | (200 | ) | (39.7 | ) | 1,037 | |||||||||||||
Systems
Solutions
|
18 | 11 | 7 | 63.6 | (11 | ) | ||||||||||||||
Group
Headquarters & Shared Services
|
(365 | ) | (309 | ) | (56 | ) | (18.1 | ) | (1,249 | ) | ||||||||||
Reconciliation
|
(18 | ) | (31 | ) | 13 | 41.9 | (155 | ) | ||||||||||||
Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
Change
millions
of €
|
Change
%
|
FY
2009
millions
of €
|
||||||||||||||||
Cash
generated from operations
|
3,918 | 3,596 | 322 | 9.0 | 18,271 | |||||||||||||||
Interest
received (paid)
|
(647 | ) | (630 | ) | (17 | ) | (2.7 | ) | (2,476 | ) | ||||||||||
Net
cash from operating activities
|
3,271 | 2,966 | 305 | 10.3 | 15,795 | |||||||||||||||
Cash
outflows for investments in intangible assets (excluding goodwill) and
property, plant and equipment
|
(1,934 | ) | (2,611 | ) | 677 | 25.9 | (9,202 | ) | ||||||||||||
Free
cash flow before proceeds from disposal of intangible assets (excluding
goodwill) and property, plant and equipment
|
1,337 | 355 | 982 |
n.a.
|
6,593 | |||||||||||||||
Proceeds
from disposal of intangible assets (excluding goodwill) and property,
plant and equipment
|
102 | 61 | 41 | 67.2 | 376 | |||||||||||||||
Free
cash flow before dividend payments
|
1,439 | 416 | 1,023 |
n.a.
|
6,969 | |||||||||||||||
Mar.
31,
2010
millions
of €
|
Dec.
31,
2009
millions
of €
|
Change
Mar.
31, 2010/
Dec.
31, 2009
%
|
Mar.
31,
2009
millions
of €
|
Change
Mar.
31, 2010/
Mar.
31, 2009
%
|
||||||||||||||||
Bonds
|
38,722 | 38,508 | 0.6 | 39,659 | (2.4 | ) | ||||||||||||||
Liabilities
to banks
|
4,559 | 4,718 | (3.4 | ) | 4,670 | (2.4 | ) | |||||||||||||
Liabilities
to non-banks from promissory notes
|
1,124 | 1,057 | 6.3 | 1,036 | 8.5 | |||||||||||||||
Derivative
financial liabilities
|
731 | 924 | (20.9 | ) | 755 | (3.2 | ) | |||||||||||||
Lease
liabilities
|
1,899 | 1,909 | (0.5 | ) | 1,987 | (4.4 | ) | |||||||||||||
Other
financial liabilities
|
839 | 1,001 | (16.2 | ) | 1,030 | (18.5 | ) | |||||||||||||
Gross
debt
|
47,874 | 48,117 | (0.5 | ) | 49,137 | (2.6 | ) | |||||||||||||
Cash
and cash equivalents
|
5,553 | 5,022 | 10.6 | 4,113 | 35.0 | |||||||||||||||
Available-for-sale/
held-for-trading
financial
assets
|
162 | 162 | - | 436 | (62.8 | ) | ||||||||||||||
Derivative
financial assets
|
901 | 1,048 | (14.0 | ) | 1,211 | (25.6 | ) | |||||||||||||
Other
financial assets
|
840 | 974 | (13.8 | ) | 544 | 54.4 | ||||||||||||||
Net
debt
|
40,418 | 40,911 | (1.2 | ) | 42,833 | (5.6 | ) | |||||||||||||
|
Germany.
|
Mar.
31,
2010
millions
|
Dec.
31,
2009
millions
|
Change
Mar.
31, 2010/
Dec.
31, 2009
%
|
Mar.
31,
2009
millions
|
Change
Mar.
31, 2010/
Mar.
31, 2009
%
|
||||||||||||||||
Fixed
network
|
||||||||||||||||||||
Fixed-network
lines
|
25.8 | 26.2 | (1.5 | ) | 27.7 | (6.9 | ) | |||||||||||||
Retail
broadband lines
|
11.7 | 11.5 | 1.7 | 11.0 | 6.4 | |||||||||||||||
Wholesale
bundled lines
|
1.5 | 1.6 | (6.3 | ) | 2.2 | (31.8 | ) | |||||||||||||
Unbundled
local loop lines (ULLs)
|
9.2 | 9.1 | 1.1 | 8.6 | 7.0 | |||||||||||||||
Wholesale
unbundled lines
|
0.7 | 0.6 | 16.7 | 0.3 |
n.a.
|
|||||||||||||||
Mobile
communications
|
||||||||||||||||||||
Mobile
customersa
|
38.5 | 39.1 | (1.5 | ) | 39.0 | (1.3 | ) | |||||||||||||
|
a
|
As
a result of the change in the terms of contract, prepay contracts no
longer end automatically, but run for an unlimited duration and can be
terminated by the customer at any time and by Telekom Deutschland GmbH
with one month’s notice. Telekom Deutschland GmbH reserves the right to
make use of this right of termination and to deactivate cards in the
system.
|
Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
Change
millions
of €
|
Change
%
|
FY
2009
millions
of €
|
|||||||||||||||||
Total
revenue
|
6,189 | 6,331 | (142 | ) | (2.2 | ) | 25,423 | ||||||||||||||
Fixed
network
|
4,530 | 4,724 | (194 | ) | (4.1 | ) | 18,736 | ||||||||||||||
Mobile
communications
|
2,000 | 1,952 | 48 | 2.5 | 8,109 | ||||||||||||||||
EBIT
(profit from operations)
|
1,171 | 1,325 | (154 | ) | (11.6 | ) | 5,062 | ||||||||||||||
EBIT
margin
|
(%)
|
18.9 | 20.9 | 19,9 | |||||||||||||||||
Depreciation,
amortization and impairment losses
|
(1,014 | ) | (1,016 | ) | 2 | 0.2 | (4,196 | ) | |||||||||||||
EBITDA
|
2,185 | 2,341 | (156 | ) | (6.7 | ) | 9,258 | ||||||||||||||
Special
factors affecting EBITDA
|
(114 | ) | (22 | ) | (92 | ) |
n.a.
|
(349 | ) | ||||||||||||
Adjusted
EBITDA
|
2,299 | 2,363 | (64 | ) | (2.7 | ) | 9,607 | ||||||||||||||
Fixed
network
|
1,468 | 1,609 | (141 | ) | (8.8 | ) | 6,247 | ||||||||||||||
Mobile
communications
|
828 | 761 | 67 | 8.8 | 3,373 | ||||||||||||||||
Adjusted
EBITDA margin
|
(%)
|
37.1 | 37.3 | 37,7 | |||||||||||||||||
Fixed
network
|
32.4 | 34.1 | 33.3 | ||||||||||||||||||
Mobile
communications
|
41.4 | 39.0 | 41.6 | ||||||||||||||||||
Cash
capex
|
(651 | ) | (800 | ) | 149 | 18.6 | (3,158 | ) | |||||||||||||
Number
of employees (average)
|
80,729 | 86,086 | (5,357 | ) | (6.2 | ) | 84,584 | ||||||||||||||
Fixed
network
|
74,893 | 80,075 | (5,182 | ) | (6.5 | ) | 78,507 | ||||||||||||||
Mobile
communications
|
5,836 | 6,011 | (175 | ) | (2.9 | ) | 6,077 | ||||||||||||||
|
United
States.
|
Mar.
31,
2010
millions
|
Dec.
31,
2009
millions
|
Change
Mar.
31, 2010/
Dec.
31, 2009
%
|
Mar.
31,
2009
millions
|
Change
Mar.
31, 2010/
Mar.
31, 2009
%
|
||||||||||||||||
United
States
|
||||||||||||||||||||
Mobile
customers
|
33.7 | 33.8 | (0.3 | ) | 33.2 | 1.5 | ||||||||||||||
Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
Change
millions
of €
|
Change
%
|
FY
2009
millions
of €
|
|||||||||||||||||
Total
revenue
|
3,814 | 4,137 | (323 | ) | (7.8 | ) | 15,471 | ||||||||||||||
EBIT
(profit from operations)
|
544 | 530 | 14 | 2.6 | 2,233 | ||||||||||||||||
EBIT
margin
|
(%)
|
14.3 | 12.8 | 14,4 | |||||||||||||||||
Depreciation,
amortization and impairment losses
|
(464 | ) | (531 | ) | 67 | 12.6 | (2,028 | ) | |||||||||||||
EBITDA
|
1,008 | 1,061 | (53 | ) | (5.0 | ) | 4,261 | ||||||||||||||
Special
factors affecting EBITDA
|
- | - | - | - | - | ||||||||||||||||
Adjusted
EBITDA
|
1,008 | 1,061 | (53 | ) | (5.0 | ) | 4,261 | ||||||||||||||
Adjusted
EBITDA margin
|
(%)
|
26.4 | 25.6 | 27,5 | |||||||||||||||||
Cash
capex
|
(481 | ) | (865 | ) | 384 | 44.4 | (2,666 | ) | |||||||||||||
Number
of employees (average)
|
38,663 | 37,720 | 943 | 2.5 | 38,231 | ||||||||||||||||
|
Europe.
|
Mar.
31,
2010
millions
|
Dec.
31,
2009
millions
|
Change
Mar.
31, 2010/
Dec.
31, 2009
%
|
Mar.
31,
2009
millions
|
Change
Mar.
31, 2010/
Mar.
31, 2009
%
|
||||||||||||||||
Europea
|
44.0 | 44.2 | (0.5 | ) | 44.0 | 0.0 | ||||||||||||||
Of
which: T-Mobile UKa
|
17.2 | 17.2 | 0.0 | 16.7 | 3.0 | |||||||||||||||
Of
which: T-Mobile NL
|
4.4 | 4.6 | (4.3 | ) | 5.2 | (15.4 | ) | |||||||||||||
Of
which: PTC
|
13.4 | 13.5 | (0.7 | ) | 13.3 | 0.8 | ||||||||||||||
Of
which: T-Mobile CZ
|
5.4 | 5.5 | (1.8 | ) | 5.4 | 0.0 | ||||||||||||||
Of
which: T-Mobile Austria
|
3.6 | 3.4 | 5.9 | 3.4 | 5.9 | |||||||||||||||
|
a
|
Including
Virgin Mobile customers: March 31, 2010: 4.2 million; December 31, 2009:
4.3 million; March 31, 2009: 4.6
million.
|
Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
Change
millions
of €
|
Change
%
|
FY
2009
millions
of €
|
|||||||||||||||||
Total
revenue
|
2,412 | 2,436 | (24 | ) | (1.0 | ) | 10,034 | ||||||||||||||
Of
which: T-Mobile UK
|
783 | 836 | (53 | ) | (6.3 | ) | 3,390 | ||||||||||||||
Of
which: T-Mobile NL
|
442 | 444 | (2 | ) | (0.5 | ) | 1,807 | ||||||||||||||
Of
which: PTC
|
441 | 416 | 25 | 6.0 | 1,757 | ||||||||||||||||
Of
which: T-Mobile CZ
|
279 | 275 | 4 | 1.5 | 1,191 | ||||||||||||||||
Of
which: T-Mobile A
|
248 | 267 | (19 | ) | (7.1 | ) | 1,038 | ||||||||||||||
Of
which: Othera
|
233 | 216 | 17 | 7.9 | 909 | ||||||||||||||||
EBIT
(profit (loss) from operations)
|
375 | (1,786 | ) | 2,161 |
n.a.
|
(905 | ) | ||||||||||||||
EBIT
margin
|
(%)
|
15.5 | (73.3 | ) | (9,0 | ) | |||||||||||||||
Depreciation,
amortization and impairment losses
|
(285 | ) | (2,247 | ) | 1,962 | 87.3 | (3,411 | ) | |||||||||||||
EBITDA
|
660 | 461 | 199 | 43.2 | 2,506 | ||||||||||||||||
Special
factors affecting EBITDA
|
(5 | ) | (6 | ) | 1 | 16.7 | (51 | ) | |||||||||||||
Adjusted
EBITDA
|
665 | 467 | 198 | 42.4 | 2,557 | ||||||||||||||||
Of
which: T-Mobile UK
|
167 | 113 | 54 | 47.8 | 611 | ||||||||||||||||
Of
which: T-Mobile NL
|
102 | 64 | 38 | 59.4 | 430 | ||||||||||||||||
Of
which: PTC
|
169 | 110 | 59 | 53.6 | 616 | ||||||||||||||||
Of
which: T-Mobile CZ
|
135 | 127 | 8 | 6.3 | 614 | ||||||||||||||||
Of
which: T-Mobile A
|
83 | 53 | 30 | 56.6 | 283 | ||||||||||||||||
Of
which: Otherb
|
8 | 0 | 8 |
n.a.
|
1 | ||||||||||||||||
Adjusted
EBITDA margin
|
(%)
|
27.6 | 19.2 | 25,5 | |||||||||||||||||
Cash
capex
|
(205 | ) | (368 | ) | 163 | 44.3 | (879 | ) | |||||||||||||
Number
of employees (average)
|
17,594 | 18,277 | (683 | ) | (3.7 | ) | 18,105 | ||||||||||||||
|
a
|
Other:
primarily International Carrier Sales and Services
(ICSS).
|
|
b
|
Other:
primarily ICSS, European Headquarters, T-Mobile International
UK.
|
|
Southern
and Eastern Europe.
|
Mar.
31,
2010
millions
|
Dec.
31,
2009
millions
|
Change
Mar.
31, 2010/
Dec.
31, 2009
%
|
Mar.
31,
2009
millions
|
Change
Mar.
31, 2010/
Mar.
31, 2009
%
|
|||||||||||||||||
Southern
and Eastern Europe
|
Fixed-network
lines
|
11.7 | 11.9 | (1.7 | ) | 12.6 | (7.1 | ) | |||||||||||||
Retail
broadband lines
|
3.7 | 3.5 | 5.7 | 3.2 | 15.6 | ||||||||||||||||
Wholesale
bundled lines
|
0.2 | 0.2 | 0.0 | 0.3 | (33.3 | ) | |||||||||||||||
ULLs
|
1.2 | 1.1 | 9.1 | 0.8 | 50.0 | ||||||||||||||||
Mobile
customers
|
34.0 | 34.6 | (1.7 | ) | 32.3 | 5.3 | |||||||||||||||
Hungary
|
Fixed-network
lines
|
1.8 | 1.8 | 0.0 | 2.0 | (10.0 | ) | ||||||||||||||
Broadband
lines
|
0.8 | 0.8 | 0.0 | 0.8 | 0.0 | ||||||||||||||||
Mobile
customers
|
5.1 | 5.1 | 0.0 | 5.3 | (3.8 | ) | |||||||||||||||
Croatia
|
Fixed-network
lines
|
1.5 | 1.5 | 0.0 | 1.5 | 0.0 | |||||||||||||||
Broadband
lines
|
0.6 | 0.6 | 0.0 | 0.5 | 20.0 | ||||||||||||||||
Mobile
customers
|
2.8 | 2.9 | (3.4 | ) | 2.8 | 0.0 | |||||||||||||||
Slovakia
|
Fixed-network
lines
|
1.1 | 1.1 | 0.0 | 1.1 | 0.0 | |||||||||||||||
Broadband
lines
|
0.4 | 0.4 | 0.0 | 0.4 | 0.0 | ||||||||||||||||
Mobile
customers
|
2.4 | 2.4 | 0.0 | 2.3 | 4.3 | ||||||||||||||||
Greece
|
Fixed-network
lines
|
4.1 | 4.2 | (2.4 | ) | 4.5 | (8.9 | ) | |||||||||||||
Broadband
lines
|
1.1 | 1.1 | 0.0 | 1.0 | 10.0 | ||||||||||||||||
Mobile
customers
|
8.8 | 9.2 | (4.3 | ) | 8.4 | 4.8 | |||||||||||||||
Romania
|
Fixed-network
lines
|
2.7 | 2.8 | (3.6 | ) | 3.0 | (10.0 | ) | |||||||||||||
Broadband
lines
|
0.8 | 0.8 | 0.0 | 0.7 | 14.3 | ||||||||||||||||
Mobile
customers
|
7.2 | 7.3 | (1.4 | ) | 6.1 | 18.0 | |||||||||||||||
Other
|
Fixed-network
lines
|
0.5 | 0.5 | 0.0 | 0.6 | (16.7 | ) | ||||||||||||||
Broadband
lines
|
0.2 | 0.2 | 0.0 | 0.1 | 100.0 | ||||||||||||||||
Mobile
customers
|
7.7 | 7.7 | 0.0 | 7.3 | 5.5 | ||||||||||||||||
Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
Change
millions
of €
|
Change
%
|
FY
2009
millions
of €
|
|||||||||||||||||
Total
revenue
|
2,387 | 1,964 | 423 | 21.5 | 9,685 | ||||||||||||||||
Of
which: Hungary
|
402 | 391 | 11 | 2.8 | 1,682 | ||||||||||||||||
Of
which: Croatia
|
267 | 278 | (11 | ) | (4.0 | ) | 1,161 | ||||||||||||||
Of
which: Slovakia
|
230 | 244 | (14 | ) | (5.7 | ) | 974 | ||||||||||||||
Of
which: Greece
|
997 | 655 | 342 | 52.2 | 3,899 | ||||||||||||||||
Of
which: Romania
|
291 | 204 | 87 | 42.6 | 1,104 | ||||||||||||||||
Of
which: Othera
|
229 | 206 | 23 | 11.2 | 976 | ||||||||||||||||
EBIT
(profit from operations)
|
304 | 504 | (200 | ) | (39.7 | ) | 1,037 | ||||||||||||||
EBIT
margin
|
(%)
|
12.7 | 25.7 | 10,7 | |||||||||||||||||
Depreciation,
amortization and impairment losses
|
(573 | ) | (476 | ) | (97 | ) | (20.4 | ) | (2,747 | ) | |||||||||||
EBITDA
|
877 | 980 | (103 | ) | (10.5 | ) | 3,784 | ||||||||||||||
Special
factors affecting EBITDA
|
(48 | ) | 181 | (229 | ) |
n.a.
|
(42 | ) | |||||||||||||
Adjusted
EBITDA
|
925 | 799 | 126 | 15.8 | 3,826 | ||||||||||||||||
Of
which: Hungary
|
162 | 164 | (2 | ) | (1.2 | ) | 675 | ||||||||||||||
Of
which: Croatia
|
113 | 128 | (15 | ) | (11.7 | ) | 525 | ||||||||||||||
Of
which: Slovakia
|
107 | 112 | (5 | ) | (4.5 | ) | 439 | ||||||||||||||
Of
which: Greece
|
376 | 239 | 137 | 57.3 | 1,447 | ||||||||||||||||
Of
which: Romania
|
72 | 67 | 5 | 7.5 | 293 | ||||||||||||||||
Of
which: Othera
|
98 | 92 | 6 | 6.5 | 445 | ||||||||||||||||
Adjusted
EBITDA margin
|
(%)
|
38.8 | 40.7 | 39,5 | |||||||||||||||||
Cash
capex
|
(363 | ) | (380 | ) | 17 | 4.5 | (1,610 | ) | |||||||||||||
Number
of employees (average)
|
52,531 | 43,348 | 9,183 | 21.2 | 51,172 | ||||||||||||||||
|
a
|
Other:
national companies of Albania, Bulgaria, the F.Y.R.O. Macedonia and
Montenegro.
|
|
Systems
Solutions.
|
Mar.
31, 2010
|
Dec.
31, 2009
|
Change
Mar.
31, 2010/
Dec.
31, 2009
%
|
Mar.
31, 2009
|
Change
Mar.
31, 2010/
Mar.
31, 2009
%
|
|||||||||||||||||
New
orders
|
(millions
of €)
|
2,156 | 9,305 |
n.a.
|
2,010 | 7.3 | |||||||||||||||
Computing &
Desktop Services
|
|||||||||||||||||||||
Number
of servers managed and
serviced (units)
|
49,153 | 47,092 | 4.4 | 53,536 | (8.2 | ) | |||||||||||||||
Number
of workstations managed and serviced (millions)
|
1.85 | 1.86 | (0.5 | ) | 1.50 | 23.3 | |||||||||||||||
Systems
Integration
|
|||||||||||||||||||||
Hours
billed
|
(millions)
|
2.4 | 9.6 |
n.a.
|
2.6 | (7.7 | ) | ||||||||||||||
Utilization
rate
|
(%)
|
82.5 | 81.3 | 1.2 | p | 80.6 | 1.9 | p | |||||||||||||
Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
Change
millions
of €
|
Change
%
|
FY
2009
millions
of €
|
|||||||||||||||||
Total
revenue
|
2,131 | 2,106 | 25 | 1.2 | 8,798 | ||||||||||||||||
EBIT
(profit (loss) from operations)
|
18 | 11 | 7 | 63.6 | (11 | ) | |||||||||||||||
Special
factors affecting EBIT
|
(29 | ) | (23 | ) | (6 | ) | (26.1 | ) | (240 | ) | |||||||||||
Adjusted
EBIT
|
47 | 34 | 13 | 38.2 | 229 | ||||||||||||||||
Adjusted
EBIT margin
|
(%)
|
2.2 | 1.6 | 2,6 | |||||||||||||||||
Depreciation,
amortization and impairment losses
|
(150 | ) | (177 | ) | 27 | 15.3 | (721 | ) | |||||||||||||
EBITDA
|
168 | 188 | (20 | ) | (10.6 | ) | 710 | ||||||||||||||
Special
factors affecting EBITDA
|
(28 | ) | (23 | ) | (5 | ) | (21.7 | ) | (213 | ) | |||||||||||
Adjusted
EBITDA
|
196 | 211 | (15 | ) | (7.1 | ) | 923 | ||||||||||||||
Adjusted
EBITDA margin
|
(%)
|
9.2 | 10.0 | 10,5 | |||||||||||||||||
Cash
capex
|
(148 | ) | (161 | ) | 13 | 8.1 | (681 | ) | |||||||||||||
Number
of employees (average)
|
47,446 | 44,449 | 2,997 | 6.7 | 45,328 | ||||||||||||||||
|
Group
Headquarters & Shared Services.
|
Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
Change
millions
of €
|
Change
%
|
FY
2009
millions
of €
|
||||||||||||||||
Total
revenue
|
565 | 618 | (53 | ) | (8.6 | ) | 2,410 | |||||||||||||
EBIT
(loss from operations)
|
(365 | ) | (309 | ) | (56 | ) | (18.1 | ) | (1,249 | ) | ||||||||||
Depreciation,
amortization and impairment losses
|
(188 | ) | (259 | ) | 71 | 27.4 | (833 | ) | ||||||||||||
EBITDA
|
(177 | ) | (50 | ) | (127 | ) |
n.a.
|
(416 | ) | |||||||||||
Special
factors affecting EBITDA
|
(5 | ) | - | (5 | ) |
n.a.
|
(101 | ) | ||||||||||||
Adjusted
EBITDA
|
(172 | ) | (50 | ) | (122 | ) |
n.a.
|
(315 | ) | |||||||||||
Cash
capex
|
(109 | ) | (98 | ) | (11 | ) | (11.2 | ) | (449 | ) | ||||||||||
Number
of employees (average)
|
22,070 | 19,445 | 2,625 | 13.5 | 20,181 | |||||||||||||||
Of
which: Viventoa
|
9,700 | 8,400 | 1,300 | 15.5 | 9,600 | |||||||||||||||
|
a
|
Number
of employees at the reporting date, including Vivento’s own staff and
management; figures rounded.
|
|
1
|
The
forecasts for the development of revenue and profits contain
forward-looking statements that reflect management’s current views with
respect to future events. Words such as “assume,” “anticipate,” “believe,”
“estimate,” “expect,” “intend,” “may,” “could,” “plan,” “project,”
“should,” “want” and similar expressions identify forward-looking
statements. These forward-looking statements include statements on the
expected development of net revenue, adjusted EBITDA, capital expenditure
and free cash flow until 2011. Such statements are subject to risks and
uncertainties, such as an economic downturn in Europe or North America,
changes in exchange and interest rates, the outcome of disputes in which
Deutsche Telekom is involved, and competitive and regulatory developments.
Some uncertainties or other imponderabilities that might influence
Deutsche Telekom’s ability to achieve its objectives, are described in the
“Risk and opportunities management” section in the management report and
in the “Forward Looking Statements” and “Risk Factors” sections in the
Annual Report on Form 20-F and the disclaimer at the end of the Annual
Report as well as in the section “Risks and opportunities” of this Interim
Group Report. Should these or other uncertainties and imponderabilities
materialize or the assumptions underlying any of these statements prove
incorrect, the actual results may be materially different from those
expressed or implied by such statements. We do not guarantee that our
forward-looking statements will prove correct. The forward-looking
statements presented here are based on the current structure of the Group,
without regard to significant acquisitions, dispositions, business
combinations or joint ventures Deutsche Telekom may choose to undertake.
These statements are made with respect to conditions as of the date of
this document’s publication. Without prejudice to existing obligations
under capital market law, we do not intend or assume any obligation to
update forward-looking statements.
|
|
2
|
This
policy is subject to the requisite unappropriated net income being posted
in the single-entity financial statements of Deutsche Telekom AG for the
financial year in question and the ability to establish the necessary
reserves for the share buy-back. It is also contingent upon the executive
bodies adopting resolutions to this effect taking account of the Company’s
situation at the time.
|
Mar.
31, 2010
millions
of €
|
Dec.
31, 2009
millions
of €
|
Change
millions
of €
|
Change
%
|
Mar.
31, 2009
millions
of €
|
||||||||||||||||
Assets
|
||||||||||||||||||||
Current
assets
|
24,616 | 23,012 | 1,604 | 7.0 | 18,741 | |||||||||||||||
Cash
and cash equivalents
|
5,553 | 5,022 | 531 | 10.6 | 4,113 | |||||||||||||||
Trade
and other receivables
|
6,832 | 6,757 | 75 | 1.1 | 8,139 | |||||||||||||||
Current
recoverable income taxes
|
253 | 144 | 109 | 75.7 | 177 | |||||||||||||||
Other
financial assets
|
1,758 | 2,001 | (243 | ) | (12.1 | ) | 1,809 | |||||||||||||
Inventories
|
1,213 | 1,174 | 39 | 3.3 | 1,543 | |||||||||||||||
Non-current
assets and disposal groups held for sale
|
6,776 | 6,527 | 249 | 3.8 | 530 | |||||||||||||||
Other
assets
|
2,231 | 1,387 | 844 | 60.9 | 2,430 | |||||||||||||||
Non-current
assets
|
106,187 | 104,762 | 1,425 | 1.4 | 115,023 | |||||||||||||||
Intangible
assets
|
53,413 | 51,705 | 1,708 | 3.3 | 57,808 | |||||||||||||||
Property,
plant and equipment
|
45,361 | 45,468 | (107 | ) | (0.2 | ) | 48,231 | |||||||||||||
Investments
accounted for using the equity method
|
152 | 147 | 5 | 3.4 | 146 | |||||||||||||||
Other
financial assets
|
1,621 | 1,739 | (118 | ) | (6.8 | ) | 2,078 | |||||||||||||
Deferred
tax assets
|
5,194 | 5,162 | 32 | 0.6 | 6,150 | |||||||||||||||
Other
assets
|
446 | 541 | (95 | ) | (17.6 | ) | 610 | |||||||||||||
Total
assets
|
130,803 | 127,774 | 3,029 | 2.4 | 133,764 | |||||||||||||||
Liabilities
and shareholders’ equity
|
||||||||||||||||||||
Current
liabilities
|
25,691 | 24,794 | 897 | 3.6 | 25,279 | |||||||||||||||
Financial
liabilities
|
9,960 | 9,391 | 569 | 6.1 | 9,827 | |||||||||||||||
Trade
and other payables
|
5,856 | 6,304 | (448 | ) | (7.1 | ) | 7,155 | |||||||||||||
Income
tax liabilities
|
635 | 511 | 124 | 24.3 | 469 | |||||||||||||||
Other
provisions
|
3,455 | 3,369 | 86 | 2.6 | 3,491 | |||||||||||||||
Liabilities
directly associated with non-current assets and disposal groups held for
sale
|
1,456 | 1,423 | 33 | 2.3 | 22 | |||||||||||||||
Other
liabilities
|
4,329 | 3,796 | 533 | 14.0 | 4,315 | |||||||||||||||
Non-current
liabilities
|
60,833 | 61,043 | (210 | ) | (0.3 | ) | 63,327 | |||||||||||||
Financial
liabilities
|
40,980 | 41,800 | (820 | ) | (2.0 | ) | 43,285 | |||||||||||||
Provisions
for pensions and other employee benefits
|
6,371 | 6,179 | 192 | 3.1 | 5,831 | |||||||||||||||
Other
provisions
|
2,050 | 2,161 | (111 | ) | (5.1 | ) | 2,855 | |||||||||||||
Deferred
tax liabilities
|
7,636 | 7,153 | 483 | 6.8 | 7,893 | |||||||||||||||
Other
liabilities
|
3,796 | 3,750 | 46 | 1.2 | 3,463 | |||||||||||||||
Liabilities
|
86,524 | 85,837 | 687 | 0.8 | 88,606 | |||||||||||||||
Shareholders’
equity
|
44,279 | 41,937 | 2,342 | 5.6 | 45,158 | |||||||||||||||
Issued
capital
|
11,165 | 11,165 | - | - | 11,165 | |||||||||||||||
Capital
reserves
|
51,531 | 51,530 | 1 | 0.0 | 51,526 | |||||||||||||||
Retained
earnings including carryforwards
|
(20,710 | ) | (20,951 | ) | 241 | 1.2 | (17,255 | ) | ||||||||||||
Total
other comprehensive income
|
(2,058 | ) | (3,576 | ) | 1,518 | 42.4 | (5,232 | ) | ||||||||||||
Total
other comprehensive income directly associated with non-current assets and
disposal groups held for sale
|
(2,151 | ) | (2,162 | ) | 11 | 0.5 | - | |||||||||||||
Net
profit (loss)
|
767 | 353 | 414 |
n.a.
|
(1,124 | ) | ||||||||||||||
Treasury
shares
|
(5 | ) | (5 | ) | - | - | (5 | ) | ||||||||||||
Issued
capital and reserves attributable to owners of the parent
|
38,539 | 36,354 | 2,185 | 6.0 | 39,075 | |||||||||||||||
Non-controlling
interests
|
5,740 | 5,583 | 157 | 2.8 | 6,083 | |||||||||||||||
Total
liabilities and shareholders’ equity
|
130,803 | 127,774 | 3,029 | 2.4 | 133,764 | |||||||||||||||
Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
Change
millions
of €
|
Change
%
|
FY
2009
millions
of €
|
||||||||||||||||
Net
revenue
|
15,812 | 15,902 | (90 | ) | (0.6 | ) | 64,602 | |||||||||||||
Cost
of sales
|
(9,025 | ) | (8,906 | ) | (119 | ) | (1.3 | ) | (36,259 | ) | ||||||||||
Gross
profit
|
6,787 | 6,996 | (209 | ) | (3.0 | ) | 28,343 | |||||||||||||
Selling
expenses
|
(3,655 | ) | (3,996 | ) | 341 | 8.5 | (15,863 | ) | ||||||||||||
General
and administrative expenses
|
(1,222 | ) | (1,136 | ) | (86 | ) | (7.6 | ) | (4,653 | ) | ||||||||||
Other
operating income
|
307 | 387 | (80 | ) | (20.7 | ) | 1,504 | |||||||||||||
Other
operating expenses
|
(188 | ) | (2,007 | ) | 1,819 | 90.6 | (3,319 | ) | ||||||||||||
Profit
from operations
|
2,029 | 244 | 1,785 |
n.a.
|
6,012 | |||||||||||||||
Finance
costs
|
(597 | ) | (632 | ) | 35 | 5.5 | (2,555 | ) | ||||||||||||
Interest
income
|
140 | 100 | 40 | 40.0 | 341 | |||||||||||||||
Interest
expense
|
(737 | ) | (732 | ) | (5 | ) | (0.7 | ) | (2,896 | ) | ||||||||||
Share
of profit (loss) of associates and joint ventures accounted for using the
equity method
|
3 | 5 | (2 | ) | (40.0 | ) | 24 | |||||||||||||
Other
financial income (expense)
|
(121 | ) | (115 | ) | (6 | ) | (5.2 | ) | (826 | ) | ||||||||||
Profit
(loss) from financial activities
|
(715 | ) | (742 | ) | 27 | 3.6 | (3,357 | ) | ||||||||||||
Profit
(loss) before income taxes
|
1,314 | (498 | ) | 1,812 |
n.a.
|
2,655 | ||||||||||||||
Income
taxes
|
(449 | ) | (426 | ) | (23 | ) | (5.4 | ) | (1,782 | ) | ||||||||||
Profit
(loss)
|
865 | (924 | ) | 1,789 |
n.a.
|
873 | ||||||||||||||
Profit
(loss) attributable to
|
865 | (924 | ) | 1,789 |
n.a.
|
873 | ||||||||||||||
Owners
of the parent (net profit (loss))
|
767 | (1,124 | ) | 1,891 |
n.a.
|
353 | ||||||||||||||
Non-controlling
interests
|
98 | 200 | (102 | ) | (51.0 | ) | 520 | |||||||||||||
Q1 2010 | Q1 2009 |
Change
|
Change
%
|
FY
2009
|
||||||||||||||
Earnings
per share
|
||||||||||||||||||
Basic/diluted
|
(€)
|
0.18 | (0.26 | ) | 0.44 |
n.a.
|
0.08 | |||||||||||
Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
Change
millions
of €
|
FY
2009
millions
of €
|
|||||||||||||
Profit
(loss)
|
865 | (924 | ) | 1,789 | 873 | |||||||||||
Actuarial
gains and losses on defined benefit pension plans
|
(190 | ) | 0 | (190 | ) | (461 | ) | |||||||||
Revaluation
due to business combinations
|
0 | (33 | ) | 33 | (38 | ) | ||||||||||
Exchange
differences on translating foreign operations
|
1,628 | 172 | 1,456 | (211 | ) | |||||||||||
Available-for-sale
financial assets
|
||||||||||||||||
Recognition
of other comprehensive income
in
income statement
|
0 | 0 | - | 0 | ||||||||||||
Change
in other comprehensive income (not recognized in income
statement)
|
(6 | ) | (3 | ) | (3 | ) | (4 | ) | ||||||||
Fair
value measurement of hedging instruments
|
||||||||||||||||
Recognition
of other comprehensive income in income statement
|
(1 | ) | 61 | (62 | ) | 8 | ||||||||||
Change
in other comprehensive income
(not
recognized in income statement)
|
(7 | ) | (75 | ) | 68 | (56 | ) | |||||||||
Other
income and expense recognized directly in equity
|
0 | 11 | (11 | ) | 11 | |||||||||||
Income
taxes relating to components of other comprehensive income
|
65 | 3 | 62 | 138 | ||||||||||||
Other
comprehensive income
|
1,489 | 136 | 1,353 | (613 | ) | |||||||||||
Total
comprehensive income
|
2,354 | (788 | ) | 3,142 | 260 | |||||||||||
Total
comprehensive income attributable to
|
2,354 | (788 | ) | 3,142 | 260 | |||||||||||
Owners
of the parent
|
2,184 | (922 | ) | 3,106 | (261 | ) | ||||||||||
Non-controlling
interests
|
170 | 134 | 36 | 521 | ||||||||||||
Issued
capital and reserves attributable to owners of the parent
|
||||||||||||||||||||||||||||
Equity
contributed
|
Consolidated
shareholders' equity generated
|
Total
other comprehensive income
|
||||||||||||||||||||||||||
Issued
capital
|
Capital
reserves
|
Retained
earnings incl. carryforwards
|
Net
profit (loss)
|
Translation
of foreign operations
|
Revaluation
surplus
|
Available-for-sale
financial assets
|
||||||||||||||||||||||
millions
of €
|
millions
of €
|
millions
of €
|
millions
of €
|
millions
of €
|
millions
of €
|
millions
of €
|
||||||||||||||||||||||
Balance
at January 1, 2009
|
11,165 | 51,526 | (18,761 | ) | 1,483 | (6,356 | ) | 202 | 3 | |||||||||||||||||||
Changes
in the composition of the Group
|
||||||||||||||||||||||||||||
Unappropriated
profit (loss) carried forward
|
1,483 | (1,483 | ) | |||||||||||||||||||||||||
Dividends
|
||||||||||||||||||||||||||||
Profit
(loss)
|
(1,124 | ) | ||||||||||||||||||||||||||
Other
comprehensive income
|
237 | (33 | ) | (2 | ) | |||||||||||||||||||||||
Transfer
to retained earnings
|
23 | (23 | ) | |||||||||||||||||||||||||
Balance
at March 31, 2009
|
11,165 | 51,526 | (17,255 | ) | (1,124 | ) | (6,119 | ) | 146 | 1 | ||||||||||||||||||
Balance
at January 1, 2010
|
11,165 | 51,530 | (20,951 | ) | 353 | (6,577 | ) | 118 | (3 | ) | ||||||||||||||||||
Changes
in the composition of the Group
|
||||||||||||||||||||||||||||
Unappropriated
profit (loss) carried forward
|
353 | (353 | ) | |||||||||||||||||||||||||
Dividends
|
||||||||||||||||||||||||||||
Proceeds
from the exercise of stock options
|
1 | |||||||||||||||||||||||||||
Profit
(loss)
|
767 | |||||||||||||||||||||||||||
Other
comprehensive income
|
(131 | ) | 1,555 | (3 | ) | |||||||||||||||||||||||
Transfer
to retained earnings
|
19 | (19 | ) | |||||||||||||||||||||||||
Balance
at March 31, 2010
|
11,165 | 51,531 | (20,710 | ) | 767 | (5,022 | ) | 99 | (6 | ) | ||||||||||||||||||
Total
|
Non-
controlling
interests
|
Total
shareholders’ equity
|
||||||
Total
other comprehensive income
|
Treasury
shares
|
|||||||
Cash
flow hedges
|
Other
comprehen-sive income
|
Taxes
|
||||||
millions
of €
|
millions
of €
|
millions
of €
|
millions
of €
|
millions
of €
|
millions
of €
|
millions
of €
|
||
Balance
at January 1, 2009
|
1,085
|
(11)
|
(334)
|
(5)
|
39,997
|
3,115
|
43,112
|
|
Changes
in the composition of the Group
|
0
|
2,907
|
2,907
|
|||||
Unappropriated
profit (loss) carried forward
|
0
|
0
|
||||||
Dividends
|
0
|
(73)
|
(73)
|
|||||
Profit
(loss)
|
(1,124)
|
200
|
(924)
|
|||||
Other
comprehensive income
|
(14)
|
11
|
3
|
202
|
(66)
|
136
|
||
Transfer
to retained earnings
|
0
|
0
|
||||||
Balance
at March 31, 2009
|
1,071
|
0
|
(331)
|
(5)
|
39,075
|
6,083
|
45,158
|
|
Balance
at January 1, 2010
|
1,037
|
0
|
(313)
|
(5)
|
36,354
|
5,583
|
41,937
|
|
Changes
in the composition of the Group
|
0
|
(13)
|
(13)
|
|||||
Unappropriated
profit (loss) carried forward
|
0
|
0
|
||||||
Dividends
|
0
|
0
|
||||||
Proceeds
from the exercise of stock options
|
1
|
1
|
||||||
Profit
(loss)
|
767
|
98
|
865
|
|||||
Other
comprehensive income
|
(8)
|
4
|
1,417
|
72
|
1,489
|
|||
Transfer
to retained earnings
|
0
|
0
|
0
|
|||||
Balance
at March 31, 2010
|
1,029
|
0
|
(309)
|
(5)
|
38,539
|
5,740
|
44,279
|
|
Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
FY
2009
millions
of €
|
||||||||||
Profit
(loss)
|
865 | (924 | ) | 873 | ||||||||
Depreciation,
amortization and impairment losses
|
2,661 | 4,698 | 13,894 | |||||||||
Income
tax expense (benefit)
|
449 | 426 | 1,782 | |||||||||
Interest
income and interest expenses
|
597 | 632 | 2,555 | |||||||||
Other
financial (income) expense
|
121 | 115 | 826 | |||||||||
Share
of (profit) loss of associates and joint ventures accounted for using the
equity method
|
(3 | ) | (5 | ) | (24 | ) | ||||||
(Profit)
loss on the disposal of fully consolidated subsidiaries
|
- | (17 | ) | (26 | ) | |||||||
Other
non-cash transactions
|
82 | (83 | ) | (230 | ) | |||||||
(Gain)
loss from the disposal of intangible assets and property, plant and
equipment
|
20 | 18 | 51 | |||||||||
Change
in assets carried as working capital
|
(629 | ) | (292 | ) | 1,936 | |||||||
Change
in provisions
|
(13 | ) | (377 | ) | (891 | ) | ||||||
Change
in other liabilities carried as working capital
|
(15 | ) | (472 | ) | (1,818 | ) | ||||||
Income
taxes received (paid)
|
(245 | ) | (288 | ) | (928 | ) | ||||||
Dividends
received
|
1 | 0 | 29 | |||||||||
Net
payments from entering into or canceling interest rate
swaps
|
27 | 165 | 242 | |||||||||
Cash
generated from operations
|
3,918 | 3,596 | 18,271 | |||||||||
Interest
paid
|
(888 | ) | (1,001 | ) | (3,456 | ) | ||||||
Interest
received
|
241 | 371 | 980 | |||||||||
Net
cash from operating activities
|
3,271 | 2,966 | 15,795 | |||||||||
Cash
outflows for investments in
|
||||||||||||
Intangible
assets
|
(280 | ) | (283 | ) | (1,598 | ) | ||||||
Property,
plant and equipment
|
(1,654 | ) | (2,328 | ) | (7,604 | ) | ||||||
Non-current
financial assets
|
(73 | ) | (80 | ) | (176 | ) | ||||||
Investments
in fully consolidated subsidiaries and business units
|
(283 | ) | 0 | (1,007 | ) | |||||||
Proceeds
from disposal of
|
||||||||||||
Intangible
assets
|
1 | 2 | 7 | |||||||||
Property,
plant and equipment
|
101 | 59 | 369 | |||||||||
Non-current
financial assets
|
16 | 18 | 99 | |||||||||
Investments
in fully consolidated subsidiaries and business units
|
3 | 28 | 116 | |||||||||
Net
change in short-term investments and marketable securities and
receivables
|
374 | (390 | ) | (320 | ) | |||||||
Net
change in cash and cash equivalents due to the first-time full
consolidation of OTE
|
- | 1,558 | 1,558 | |||||||||
Other
|
2 | (93 | ) | (93 | ) | |||||||
Net
cash used in investing activities
|
(1,793 | ) | (1,509 | ) | (8,649 | ) | ||||||
Proceeds
from issue of current financial liabilities
|
247 | 310 | 3,318 | |||||||||
Repayment
of current financial liabilities
|
(1,777 | ) | (2,735 | ) | (9,314 | ) | ||||||
Proceeds
from issue of non-current financial liabilities
|
755 | 2,236 | 5,379 | |||||||||
Repayment
of non-current financial liabilities
|
(88 | ) | (95 | ) | (93 | ) | ||||||
Dividend
payments
|
(1 | ) | (72 | ) | (4,287 | ) | ||||||
Proceeds
from the exercise of stock options
|
0 | 0 | 2 | |||||||||
Repayment
of lease liabilities
|
(35 | ) | (31 | ) | (128 | ) | ||||||
Net
cash used in financing activities
|
(899 | ) | (387 | ) | (5,123 | ) | ||||||
Effect
of exchange rate changes on cash and cash equivalents
|
52 | 17 | 58 | |||||||||
Changes
in cash and cash equivalents associated with assets and disposal groups
held for sale
|
(100 | ) | - | (85 | ) | |||||||
Net
increase (decrease) in cash and cash equivalents
|
531 | 1,087 | 1,996 | |||||||||
Cash
and cash equivalents, at the beginning of the period
|
5,022 | 3,026 | 3,026 | |||||||||
Cash
and cash equivalents, at the end of the period
|
5,553 | 4,113 | 5,022 | |||||||||
|
Accounting
policies.
|
§
|
The
revised IFRS 3 gives the option of measuring non-controlling interests
either at fair value or at the proportionate share of the net identifiable
assets. This option can be exercised for each business combination
individually.
|
§
|
In
a business combination achieved in stages, the acquirer shall remeasure
its previously held equity interest in the acquiree at the date the
acquirer obtains control. Goodwill shall then be determined as the
difference between the remeasured carrying amount plus consideration
transferred for the acquisition of the new shares, minus net assets
acquired.
|
§
|
Contingent
consideration shall be measured at fair value at the acquisition date and
classified either as equity, or as asset or liability at the acquisition
date. Agreed contingent consideration shall be recognized subsequently in
accordance with the classification determined at the acquisition
date.
|
§
|
Acquisition-related
costs incurred in connection with business combinations shall be
recognized as expenses.
|
§
|
For
changes in contingent considerations classified as liabilities at the
acquisition date, goodwill cannot be remeasured
subsequently.
|
§
|
According
to the revised IFRS 3, effects from the settlement of relationships
existing prior to the business combination shall not be part of the
exchange for the acquiree.
|
§
|
In
contrast to the previous version of IFRS 3, the revised standard governs
the recognition and measurement of rights that were granted to another
entity prior to the business combination and which are now reacquired as
part of the business combination (reacquired
rights).
|
§
|
Changes
in a parent’s ownership interest in a subsidiary that do not result in the
loss of control shall only be accounted for within
equity.
|
§
|
If
a parent loses control of a subsidiary, it shall derecognize the
consolidated assets and liabilities. The new requirement is that any
investment retained in the former subsidiary shall be recognized at fair
value at the date when control is lost; any differences resulting from
this shall be recognized in profit or
loss.
|
§
|
When
losses attributed to the non-controlling interests exceed the
non-controlling interests in the subsidiary’s equity, these losses shall
be allocated to the non-controlling interests even if this results in a
deficit balance.
|
|
Business
combinations.
|
millions
of €
|
||||
Purchase
price paid for 100 % of the shares
|
291 | |||
Fair
value of assets and liabilities
|
(152 | ) | ||
Deferred
tax liabilities
|
45 | |||
Goodwill
|
184 | |||
Fair
value at the acquisition date
millions
of €
|
Carrying
amounts immediately prior to the business combination
millions
of €
|
|||||||
Assets
|
397 | 73 | ||||||
Current
assets
|
54 | 54 | ||||||
Cash
and cash equivalents
|
25 | 25 | ||||||
Trade
and other receivables
|
3 | 3 | ||||||
Other
assets
|
26 | 26 | ||||||
Non-current
assets
|
343 | 19 | ||||||
Intangible
assets
|
324 | 1 | ||||||
Of
which: goodwill
|
184 | 0 | ||||||
Property,
plant and equipment
|
14 | 14 | ||||||
Other
assets
|
5 | 4 | ||||||
Liabilities
|
106 | 66 | ||||||
Current
liabilities
|
60 | 64 | ||||||
Trade
and other payables
|
37 | 37 | ||||||
Other
liabilities
|
23 | 27 | ||||||
Non-current
liabilities
|
46 | 2 | ||||||
Deferred
tax liabilities
|
45 | 0 | ||||||
Other
liabilities
|
1 | 2 | ||||||
|
Changes
in the composition of the Group.
|
Germany
millions
of €
|
United
States
millions
of
€
|
Europe
millions
of
€
|
Southern
and Eastern Europe
millions
of
€
|
Systems
Solutions
millions
of
€
|
Group
Headquarters
&
Shared
Services
millions
of
€
|
Reconciliation
millions
of
€
|
Total
millions
of
€
|
|||||||||||||||||||||||||
Net
revenue
|
22 | - | - | 493 | - | - | (2 | ) | 513 | |||||||||||||||||||||||
Cost
of sales
|
(8 | ) | - | - | (300 | ) | - | - | 2 | (306 | ) | |||||||||||||||||||||
Gross
profit (loss)
|
14 | - | - | 193 | - | - | 0 | 207 | ||||||||||||||||||||||||
Selling
expenses
|
(6 | ) | - | - | (105 | ) | - | - | - | (111 | ) | |||||||||||||||||||||
General
and administrative expenses
|
(6 | ) | - | - | (39 | ) | - | - | - | (45 | ) | |||||||||||||||||||||
Other
operating income
|
- | - | - | 8 | - | - | - | 8 | ||||||||||||||||||||||||
Other
operating expenses
|
- | - | - | (7 | ) | - | - | - | (7 | ) | ||||||||||||||||||||||
Profit
(loss) from operations
|
2 | - | - | 50 | - | - | - | 52 | ||||||||||||||||||||||||
Finance
costs
|
- | - | - | (24 | ) | - | - | - | (24 | ) | ||||||||||||||||||||||
Share
of profit (loss) of associates and joint ventures accounted for using the
equity method
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
Other
financial income (expense)
|
- | - | - | - | - | - | (4 | ) | (4 | ) | ||||||||||||||||||||||
Profit
(loss) from
financial
activities
|
- | - | - | (24 | ) | - | - | (4 | ) | (28 | ) | |||||||||||||||||||||
Profit
(loss) before income taxes
|
2 | - | - | 26 | - | - | (4 | ) | 24 | |||||||||||||||||||||||
Income
taxes
|
- | - | - | (11 | ) | - | - | 1 | (10 | ) | ||||||||||||||||||||||
Profit
(loss)
|
2 | - | - | 15 | - | - | (3 | ) | 14 | |||||||||||||||||||||||
|
Selected
notes to the consolidated statement of financial
position.
|
T-Mobile
UK
Europe
operating segment
millions
of €
|
Other
millions
of €
|
Mar.
31, 2010
millions
of €
|
||||||||||
Current
assets
|
667 | - | 667 | |||||||||
Trade
and other receivables
|
280 | - | 280 | |||||||||
Other
current assets
|
387 | - | 387 | |||||||||
Non-current
assets
|
6,022 | 87 | 6,109 | |||||||||
Intangible
assets
|
3,833 | - | 3,833 | |||||||||
Property,
plant and equipment
|
1,664 | 86 | 1,750 | |||||||||
Other
non-current assets
|
525 | 1 | 526 | |||||||||
Non-current
assets and disposal groups held for sale
|
6,689 | 87 | 6,776 | |||||||||
Current
liabilities
|
761 | - | 761 | |||||||||
Trade
and other payables
|
501 | - | 501 | |||||||||
Other
current liabilities
|
260 | - | 260 | |||||||||
Non-current
liabilities
|
695 | - | 695 | |||||||||
Liabilities
directly associated with non-current assets and
disposal
groups held for sale
|
1,456 | - | 1,456 | |||||||||
Mar.
31, 2010
millions
of €
|
Dec.
31, 2009
millions
of €
|
Change
millions
of €
|
Change
%
|
Mar.
31, 2009
millions
of €
|
||||||||||||||||
Intangible
assets
|
53,413 | 51,705 | 1,708 | 3.3 | 57,808 | |||||||||||||||
Of
which: UMTS licenses
|
6,505 | 6,637 | (132 | ) | (2.0 | ) | 10,109 | |||||||||||||
Of
which: U.S. mobile communications licenses
|
18,306 | 17,115 | 1,191 | 7.0 | 18,491 | |||||||||||||||
Of
which: goodwill
|
20,952 | 20,334 | 618 | 3.0 | 21,216 | |||||||||||||||
Property,
plant and equipment
|
45,361 | 45,468 | (107 | ) | (0.2 | ) | 48,231 | |||||||||||||
Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
Change
millions
of €
|
Change
%
|
FY
2009
millions
of €
|
||||||||||||||||
Additions
to assets
|
1,636 | 4,428 | (2,792 | ) | (63.1 | ) | 11,467 | |||||||||||||
Intangible
assets
|
290 | 2,697 | (2,407 | ) | (89.2 | ) | 4,091 | |||||||||||||
Property,
plant and equipment
|
1,346 | 1,731 | (385 | ) | (22.2 | ) | 7,376 | |||||||||||||
Mar.
31, 2010
millions
of €
|
Due
≤1
year
millions
of €
|
Due
>1
years
≤3
years
millions
of €
|
Due
>3
years
≤5
years
millions
of €
|
Due
>
5 years
millions
of €
|
||||||||||||||||
Bonds
and other securitized liabilities
|
38,722 | 5,196 | 8,866 | 9,854 | 14,806 | |||||||||||||||
Liabilities
to banks
|
4,559 | 870 | 1,295 | 1,706 | 688 | |||||||||||||||
Lease
liabilities
|
1,899 | 139 | 231 | 228 | 1,301 | |||||||||||||||
Liabilities
to non-banks from promissory notes
|
1,124 | - | 10 | 167 | 947 | |||||||||||||||
Other
interest-bearing liabilities
|
425 | 98 | 124 | 78 | 125 | |||||||||||||||
Other
non-interest-bearing liabilities
|
3,425 | 3,409 | 11 | 1 | 4 | |||||||||||||||
Derivative
financial liabilities
|
786 | 248 | 177 | 245 | 116 | |||||||||||||||
Financial
liabilities
|
50,940 | 9,960 | 10,714 | 12,279 | 17,987 | |||||||||||||||
|
Selected
notes to the consolidated income
statement.
|
Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
Change
millions
of €
|
Change
%
|
FY
2009
millions
of €
|
||||||||||||||||
Net
revenue
|
15,812 | 15,902 | (90 | ) | (0.6 | ) | 64,602 | |||||||||||||
Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
Change
millions
of €
|
Change
%
|
FY
2009
millions
of €
|
||||||||||||||||
Cost
of sales
|
(9,025 | ) | (8,906 | ) | (119 | ) | (1.3 | ) | (36,259 | ) | ||||||||||
Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
Change
millions
of €
|
Change
%
|
FY
2009
millions
of €
|
||||||||||||||||
Selling
expenses
|
(3,655 | ) | (3,996 | ) | 341 | 8.5 | (15,863 | ) | ||||||||||||
Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
Change
millions
of €
|
Change
%
|
FY
2009
millions
of €
|
||||||||||||||||
General
and administrative expenses
|
(1,222 | ) | (1,136 | ) | (86 | ) | (7.6 | ) | (4,653 | ) | ||||||||||
Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
Change
millions
of €
|
Change
%
|
FY
2009
millions
of €
|
||||||||||||||||
Other
operating income
|
307 | 387 | (80 | ) | (20.7 | ) | 1,504 | |||||||||||||
Other
operating expenses
|
(188 | ) | (2,007 | ) | 1,819 | 90.6 | (3,319 | ) | ||||||||||||
Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
Change
millions
of €
|
Change
%
|
FY
2009
millions
of €
|
||||||||||||||||
Profit
(loss) from financial activities
|
(715 | ) | (742 | ) | 27 | 3.6 | (3,357 | ) | ||||||||||||
Finance
costs
|
(597 | ) | (632 | ) | 35 | 5.5 | (2,555 | ) | ||||||||||||
Interest
income
|
140 | 100 | 40 | 40.0 | 341 | |||||||||||||||
Interest
expense
|
(737 | ) | (732 | ) | (5 | ) | (0.7 | ) | (2,896 | ) | ||||||||||
Share
of profit (loss) of associates and joint ventures accounted for using the
equity method
|
3 | 5 | (2 | ) | (40.0 | ) | 24 | |||||||||||||
Other
financial income (expense)
|
(121 | ) | (115 | ) | (6 | ) | (5.2 | ) | (826 | ) | ||||||||||
Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
Change
millions
of €
|
Change
%
|
FY
2009
millions
of €
|
||||||||||||||||
Income
taxes
|
(449 | ) | (426 | ) | (23 | ) | (5.4 | ) | (1,782 | ) | ||||||||||
|
Other
disclosures.
|
Q1 2010 | Q1 2009 |
Change
|
Change
%
|
FY
2009
|
|||||||||||||||||
Average
number of employees
|
259,033 | 249,325 | 9,708 | 3.9 | 257,601 | ||||||||||||||||
Domestic
|
128,197 | 131,409 | (3,212 | ) | (2.4 | ) | 130,477 | ||||||||||||||
International
|
130,836 | 117,916 | 12,920 | 11.0 | 127,124 | ||||||||||||||||
Non-civil
servants
|
230,073 | 217,316 | 12,757 | 5.9 | 226,460 | ||||||||||||||||
Civil
servants (domestic)
|
28,960 | 32,009 | (3,049 | ) | (9.5 | ) | 31,141 | ||||||||||||||
Trainees
and student interns
|
9,474 | 10,263 | (789 | ) | (7.7 | ) | 9,805 | ||||||||||||||
Personnel
costs
|
(millions
of €)
|
(3,706 | ) | (3,310 | ) | (396 | ) | (12.0 | ) | (14,333 | ) | ||||||||||
Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
Change
millions
of €
|
Change
%
|
FY
2009
millions
of €
|
||||||||||||||||
Amortization
and impairment of intangible assets
|
(806 | ) | (2,591 | ) | 1,785 | 68.9 | (5,657 | ) | ||||||||||||
Of
which: mobile communications licenses
|
(187 | ) | (242 | ) | 55 | 22.7 | (905 | ) | ||||||||||||
Of
which: goodwill
|
- | (1,803 | ) | 1,803 |
n.a.
|
(2,345 | ) | |||||||||||||
Depreciation
and impairment of property, plant and equipment
|
(1,855 | ) | (2,107 | ) | 252 | 12.0 | (8,237 | ) | ||||||||||||
Total
depreciation, amortization and impairment losses
|
(2,661 | ) | (4,698 | ) | 2,037 | 43.4 | (13,894 | ) | ||||||||||||
|
Contingencies.
|
|
Selected
notes to the consolidated cash flow
statement.
|
|
Segment
reporting.
|
Q1 2010
Q1 2009
|
Net
revenue
millions
of
€
|
Inter-
segment
revenue
millions
of
€
|
Total
revenue
millions
of
€
|
EBIT
(profit (loss) from operations)
millions
of
€
|
Depreciation
and
amortization
millions
of
€
|
Impair-rment
losses
millions
of
€
|
Segment
assets
millions
of
€
|
Investments
accounted for using the equity method
millions
of
€
|
||||||||||||||||||||||||||
Germany
|
5,804 | 385 | 6,189 | 1,171 | (1,014 | ) | 0 | 34,010 | 24 | |||||||||||||||||||||||||
5,969 | 362 | 6,331 | 1,325 | (1,016 | ) | 0 | 50,868 | 18 | ||||||||||||||||||||||||||
United
States
|
3,810 | 4 | 3,814 | 544 | (463 | ) | (1 | ) | 37,941 | 20 | ||||||||||||||||||||||||
4,133 | 4 | 4,137 | 530 | (531 | ) | 0 | 38,804 | 16 | ||||||||||||||||||||||||||
Europe
|
2,264 | 148 | 2,412 | 375 | (285 | ) | 0 | 22,325 | 0 | |||||||||||||||||||||||||
2,307 | 129 | 2,436 | (1,786 | ) | (444 | ) | (1,803 | ) | 21,143 | 11 | ||||||||||||||||||||||||
Southern
and
Eastern
Europe
|
2,349 | 38 | 2,387 | 304 | (571 | ) | (2 | ) | 24,852 | 52 | ||||||||||||||||||||||||
1,929 | 35 | 1,964 | 504 | (470 | ) | (6 | ) | 26,695 | 51 | |||||||||||||||||||||||||
Systems
Solutions
|
1,532 | 599 | 2,131 | 18 | (150 | ) | 0 | 8,651 | 56 | |||||||||||||||||||||||||
1,496 | 610 | 2,106 | 11 | (177 | ) | 0 | 8,992 | 50 | ||||||||||||||||||||||||||
Group
Headquarters &
Shared
Services
|
53 | 512 | 565 | (365 | ) | (167 | ) | (21 | ) | 111,046 | 0 | |||||||||||||||||||||||
68 | 550 | 618 | (309 | ) | (156 | ) | (103 | ) | 118,343 | 0 | ||||||||||||||||||||||||
Total
|
15,812, | 1,686 | 17,498 | 2,047 | (2,650 | ) | (24 | ) | 238,825 | 152 | ||||||||||||||||||||||||
15,902 | 1,690 | 17,592 | 275 | (2,794 | ) | (1,912 | ) | 264,845 | 146 | |||||||||||||||||||||||||
Reconciliation
|
- | (1,686 | ) | (1,686 | ) | (18 | ) | 12 | 1 | (108,022 | ) | - | ||||||||||||||||||||||
- | (1,690 | ) | (1,690 | ) | (31 | ) | 8 | 0 | (131,081 | ) | - | |||||||||||||||||||||||
Group
|
15,812 | - | 15,812 | 2,029 | (2,638 | ) | (23 | ) | 130,803 | 152 | ||||||||||||||||||||||||
15,902 | - | 15,902 | 244 | (2,786 | ) | (1,912 | ) | 133,764 | 146 | |||||||||||||||||||||||||
FY
2009
|
Net
revenue
millions
of
€
|
Inter-segment
revenue
millions
of
€
|
Total
revenue
millions
of
€
|
EBIT
(profit (loss) from operations)
millions
of
€
|
Depreciation
and amortization
millions
of
€
|
Impair-ment
losses
millions
of
€
|
Segment
assets
millions
of
€
|
Investments
accounted for using the equity method
millions
of
€
|
||||||||||||||||||||||||
Germany
|
23,813 | 1,610 | 25,423 | 5,062 | (4,189 | ) | (7 | ) | 52,002 | 23 | ||||||||||||||||||||||
United
States
|
15,457 | 14 | 15,471 | 2,233 | (2,025 | ) | (3 | ) | 36,087 | 18 | ||||||||||||||||||||||
Europe
|
9,486 | 548 | 10,034 | (905 | ) | (1,561 | ) | (1,850 | ) | 21,668 | 0 | |||||||||||||||||||||
Southern
and Eastern Europe
|
9,510 | 175 | 9,685 | 1,037 | (2,211 | ) | (536 | ) | 25,120 | 52 | ||||||||||||||||||||||
Systems
Solutions
|
6,083 | 2,715 | 8,798 | (11 | ) | (718 | ) | (3 | ) | 8,872 | 54 | |||||||||||||||||||||
Group
Headquarters & Shared Services
|
253 | 2,157 | 2,410 | (1,249 | ) | (660 | ) | (173 | ) | 120,162 | 0 | |||||||||||||||||||||
Total
|
64,602 | 7,219 | 71,821 | 6,167 | (11,364 | ) | (2,572 | ) | 263,911 | 147 | ||||||||||||||||||||||
Reconciliation
|
- | (7,219 | ) | (7,219 | ) | (155 | ) | 41 | 1 | (136,137 | ) | - | ||||||||||||||||||||
Group
|
64,602 | - | 64,602 | 6,012 | (11,323 | ) | (2,571 | ) | 127,774 | 147 | ||||||||||||||||||||||
|
Executive
bodies.
|
|
Events
after the reporting period (March 31,
2010).
|
Bonn,
May 12, 2010
|
||
Deutsche
Telekom AG
Board
of Management
|
||
René
Obermann
|
Dr.
Manfred Balz.
|
Reinhard
Clemens
|
Niek
Jan van Damme
|
Timotheus
Höttges
|
Guido
Kerkhoff
|
Edward
Kozel
|
Thomas
Sattelberger
|
(Prof.
Dr. Wollmert)
Wirtschaftsprüfer
|
(Forst)
Wirtschaftsprüfer
|
(Kayser)
Wirtschaftsprüfer
|
(Tandetzki)
Wirtschaftsprüfer
|
|
EBITDA
and EBITDA adjusted for special
factors.
|
Q1
2010
millions
of €
|
Special
factors
in
Q1
2010
millions
of €
|
Q1
2010
without
special
factors
millions
of €
|
|||||||||||
Net
revenue
|
15,812 | - | 15,812 | ||||||||||
Cost
of sales
|
(9,025 | ) | (166 | )a | (8,859 | ) | |||||||
Gross
profit (loss)
|
6,787 | (166 | ) | 6,953 | |||||||||
Selling
expenses
|
(3,655 | ) | (15 | )b | (3,640 | ) | |||||||
General
and administrative expenses
|
(1,222 | ) | (18 | )c | (1,204 | ) | |||||||
Other
operating income
|
307 | 11 | d | 296 | |||||||||
Other
operating expenses
|
(188 | ) | (13 | )e | (175 | ) | |||||||
Profit
(loss) from operations (EBIT)
|
2,029 | (201 | ) | 2,230 | |||||||||
Profit
(loss) from financial activities
|
(715 | ) | (13 | )f | (702 | ) | |||||||
Profit
(loss) before income taxes
|
1,314 | (214 | ) | 1,528 | |||||||||
Income
taxes
|
(449 | ) | 65 | g | (514 | ) | |||||||
Profit
(loss)
|
865 | (149 | ) | 1,014 | |||||||||
Profit
(loss) attributable to
|
|||||||||||||
Owners
of the parent
(net
profit (loss))
|
767 | (124 | ) | 891 | |||||||||
Non-controlling
interests
|
98 | (25 | ) | 123 | |||||||||
Profit
(loss) from operations (EBIT)
|
2,029 | (201 | ) | 2,230 | |||||||||
Depreciation,
amortization and impairment losses
|
(2,661 | ) | (1 | ) | (2,660 | ) | |||||||
EBITDA
|
4,690 | (200 | ) | 4,890 | |||||||||
EBITDA
margin
|
(%)
|
29.7 | 30.9 | ||||||||||
Personnel
costs
|
(3,706 | ) | (77 | )h | (3,629 | ) | |||||||
Personnel
cost ratio
|
(%)
|
23.4 | 23.0 | ||||||||||
|
a
|
Expenses
of EUR 0.1 billion for the write-off of receivables from the German
Main Customs Office for the years 2005 to 2009 at PASM in the Germany
operating segment as well as for staff-related measures and
non-staff-related restructuring.
|
|
b
|
Expenses
for staff-related measures in the Germany, and Southern and Eastern Europe
operating segments.
|
|
c
|
Mainly
expenses for staff-related measures in the Germany, and Southern and
Eastern Europe operating segments.
|
|
d
|
Mainly
gains as a result of the recognition of a negative goodwill in connection
with an acquisition in the Systems Solutions operating
segment.
|
|
e
|
Mainly
expenses for staff-related measures, non-staff-related restructuring and
other activities.
|
|
f
|
Mainly
expenses for interest added back to provisions for staff-related
measures.
|
|
g
|
Tax
effects from special factors on profit before income
taxes.
|
|
h
|
Mainly
expenses for staff-related measures in the Germany, Southern and Eastern
Europe, and Systems Solutions operating
segments.
|
Q1
2009
millions
of €
|
Special
factors
in
Q1
2009
millions
of €
|
Q1
2009
without
special
factors
millions
of €
|
FY
2009
without
special
factors
millions
of €
|
||||||||||||||
Net
revenue
|
15,902 | - | 15,902 | 64,639 | |||||||||||||
Cost
of sales
|
(8,906 | ) | 92 | a | (8,998 | ) | (35,823 | ) | |||||||||
Gross
profit (loss)
|
6,996 | 92 | 6,904 | 28,816 | |||||||||||||
Selling
expenses
|
(3,996 | ) | 28 | b | (4,024 | ) | (15,780 | ) | |||||||||
General
and administrative expenses
|
(1,136 | ) | (2 | )c | (1,134 | ) | (4,447 | ) | |||||||||
Other
operating income
|
387 | 23 | d | 364 | 1,418 | ||||||||||||
Other
operating expenses
|
(2,007 | ) | (1,814 | )e | (193 | ) | (849 | ) | |||||||||
Profit
(loss) from operations (EBIT)
|
244 | (1,673 | ) | 1,917 | 9,158 | ||||||||||||
Profit
(loss) from financial activities
|
(742 | ) | (25 | )f | (717 | ) | (3,125 | ) | |||||||||
Profit
(loss) before income taxes
|
(498 | ) | (1,698 | ) | 1,200 | 6,033 | |||||||||||
Income
taxes
|
(426 | ) | 31 | g | (457 | ) | (2,102 | ) | |||||||||
Profit
(loss)
|
(924 | ) | (1,667 | ) | 743 | 3,931 | |||||||||||
Profit
(loss) attributable to
|
|||||||||||||||||
Owners
of the parent
(net
profit (loss))
|
(1,124 | ) | (1,779 | ) | 655 | 3,390 | |||||||||||
Non-controlling
interests
|
200 | 112 | 88 | 541 | |||||||||||||
Profit
(loss) from operations (EBIT)
|
244 | (1,673 | ) | 1,917 | 9,158 | ||||||||||||
Depreciation,
amortization and impairment losses
|
(4,698 | ) | (1,803 | ) | (2,895 | ) | (11,510 | ) | |||||||||
EBITDA
|
4,942 | 130 | 4,812 | 20,668 | |||||||||||||
EBITDA
margin
|
(%)
|
31.1 | 30.3 | 32.0 | |||||||||||||
Personnel
costs
|
(3,310 | ) | 149 | h | (3,459 | ) | (13,804 | ) | |||||||||
Personnel
cost ratio
|
(%)
|
20.8 | 21.8 | 21.4 | |||||||||||||
|
a
|
Mainly
proceeds from the involvement of the Hellenic Republic in a staff-related
program at OTE in the Southern and Eastern Europe operating segment which
were partially offset by expenses for staff-related
measures.
|
|
b
|
Mainly
proceeds from the involvement of the Hellenic Republic in a staff-related
program at OTE in the Southern and Eastern Europe operating
segment.
|
|
c
|
Expenses
for staff-related measures and non staff-related restructuring. These are
offset by proceeds from the involvement of the Hellenic Republic in a
staff-related program at OTE in the Southern and Eastern Europe operating
segment.
|
|
d
|
In
particular gains on the disposal of CAP Customer Advantage Program GmbH in
the Germany operating segment and T-Systems Traffic GmbH in the Systems
Solutions operating segment.
|
|
e
|
Mainly
impairment loss recognized on the goodwill of the cash-generating unit
T-Mobile UK in the Europe operating
segment.
|
|
f
|
Expenses
for interest added back to provisions for staff-related
measures.
|
|
g
|
Tax
effects from special factors on profit before income
taxes.
|
|
h
|
Mainly
proceeds from the involvement of the Hellenic Republic in a staff-related
program at OTE in the Southern and Eastern Europe operating segment,
partially offset by expenses for staff-related measures in the Germany
operating segment.
|
Q1
2010
millions
of €
|
Q1
2009
millions
of €
|
FY
2009
millions
of €
|
||||||||||
Cash
generated from operations
|
3,918 | 3,596 | 18,271 | |||||||||
Interest
received (paid)
|
(647 | ) | (630 | ) | (2,476 | ) | ||||||
Net
cash from operating activities
|
3,271 | 2,966 | 15,795 | |||||||||
Cash
outflows for investments in intangible assets (excluding goodwill) and
property, plant and equipment
|
(1,934 | ) | (2,611 | ) | (9,202 | ) | ||||||
Free
cash flow before proceeds from disposal of intangible assets (excluding
goodwill) and property, plant and equipment
|
1,337 | 355 | 6,593 | |||||||||
Proceeds
from disposal of intangible assets (excluding goodwill) and property,
plant and equipment
|
102 | 61 | 376 | |||||||||
Free
cash flow before dividend payments
|
1,439 | 416 | 6,969 | |||||||||
Mar.
31, 2010
millions
of €
|
Dec.
31, 2009
millions
of €
|
Mar.
31, 2009
millions
of €
|
||||||||||
Bonds
|
38,722 | 38,508 | 39,659 | |||||||||
Liabilities
to banks
|
4,559 | 4,718 | 4,670 | |||||||||
Liabilities
to non-banks from promissory notes
|
1,124 | 1,057 | 1,036 | |||||||||
Derivative
financial liabilities
|
731 | 924 | 755 | |||||||||
Lease
liabilities
|
1,899 | 1,909 | 1,987 | |||||||||
Other
financial liabilities
|
839 | 1,001 | 1,030 | |||||||||
Gross
debt
|
47,874 | 48,117 | 49,137 | |||||||||
Cash
and cash equivalents
|
5,553 | 5,022 | 4,113 | |||||||||
Available-for-sale/held-for-trading
financial
assets
|
162 | 162 | 436 | |||||||||
Derivative
financial assets
|
901 | 1,048 | 1,211 | |||||||||
Other
financial assets
|
840 | 974 | 544 | |||||||||
Net
debt
|
40,418 | 40,911 | 42,833 | |||||||||
Datesa
|
|
August
5, 2010
|
Report
on the first half of 2010, Deutsche Telekom
|
November
4, 2010
|
Report
on the first three quarters of 2010, Deutsche Telekom
|
|
a
|
Dates
not yet finalized.
|
§
|
ADSL
(Asymmetrical Digital Subscriber Line) for retail lines: Technology used
to transmit data at fast rates (from 16 kbit/s to 640 kbit/s upstream, up
to 8 Mbit/s downstream) via standard copper wire pairs in the local loop
within a radius of approximately three
kilometers.
|
§
|
ADSL2+:
Successor product to ADSL that increases the data rate to a maximum of 16
Mbit/s downstream and 1 Mbit/s
upstream.
|
§
|
VDSL
(Very high bit rate Digital Subscriber Line): New technology used to
transmit exceptionally high data rates (10 Mbit/s upstream, 50 Mbit/s
downstream) via a fiber-optic
network.
|