Deutsche Telekom AG — Earnings Release 2001

Mar 5, 2002

News Details

Ad-hoc | 5 March 2002 07:54

Deutsche Telekom AG english

Ad hoc announcement of Deutsche Telekom AG (part2) Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Part 2 of the ad hoc announcement of Deutsche Telekom AG end of ad-hoc-announcement (c)DGAP 05.03.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Subscriber figures for the individual business areas were as follows: Dec. 31, 2000 Dec. 31, 2001 Change Change million million million in % 7) Telephone lines 55.6 3) 56.9 1.3 2.3 (incl. ISDN channels) Deutsche Telekom (incl. Ö-Tel) 49.4 50.7 1.3 2.6 Aktiv Plus customers 1) 4.3 8.4 4.1 95.3 T-DSL contracts 2) 0.6 2.2 1.6 266.6 ISDN channels 17.3 20.4 3.1 17.9 Mobile subscribers Majority-owned subsidiaries 4) 38.5 48.9 10.4 27.0 of which: T-Mobile Deutschland 19.1 23.1 4.0 20.9 of which: One2One 8.3 10.4 2.1 25.3 of which: VoiceStream 3) 4.8 7.0 2.2 45.8 of which: max.mobil. 2.1 2.1 0.0 0.0 of which: Westel 1.7 2.5 0.8 47.1 of which: RadioMobil 3) 1.9 2.9 1.0 52.6 of which: Hrvatske Telekomunikacije 3) 0.6 0.9 0.3 50.0 Proportionate subscribers 5) 39.5 51.2 11.7 29.6 Total mobile subscribers 6) 46.9 66.9 20.0 42.6 T-Online subscribers 7.9 10.7 2.8 35.4 1 Aktiv Plus tariffs in use 2 T-DSL contracts sold 3 The companies HT, VoiceStream and RadioMobil, which were not yet fully consolidated in 2000, have been presented pro forma for better comparability 4 Number of subscribers of the consolidated mobile communications companies 5 Proportion of subscribers of all associated mobile communications companies pro rata to shareholding 6 Total subscribers of consolidated mobile communications companies and total subscribers of other affiliated mobile communications companies 7 Percentages on the basis of rounded figures 3. EBITDA reconciliation in the Group In millions of EUR Dec. 31, 2001 Dec. 31, 2000 Results from ordinary business activities -2.5 6.5 Financial expense, net -5.3 -1.2 Depreciation and amortization -15.2 -13.0 EBITDA 18.1 20.7 Special influences affecting EBITDA 3.0 7.8 of which 2001 sale of Sprint FON and PCS (2000 Global One) 1.9 2.9 of which 2001 sale of cable BaWü (2000 NRW and Hesse) 1.0 3.0 of which 2001 other (2000 proceeds from share offerings, etc) 0.1 1.9 EBITDA (adjusted) 15.1 12.9 EBITDA margin (adjusted) in % 31.3 31.6 Earnings before interest, tax, depreciation and amortization (EBITDA) amounted to EUR 18.1 billion in 2001. This figure was influenced by a range of unusual or rare factors (so-called special influences). EBITDA adjusted for these special influences increased by EUR 17,0 % from EUR 12.9 billion in the previous year to EUR 15.1 billion in 2001. The Group’s adjusted EBITDA thus increased for the first time since the start of the liberalization of the German telecommunications market in 1998 despite the considerable expansion of the Deutsche Telekom Group – in particular in the years 2000 and 2001. The strong increase in adjusted EBITDA in the mobile communications division (from EUR 1.4 billion in 2000 to EUR 3.1 billion in 2001) made a particular contribution in this respect. This doubling of EBITDA was achieved although VoiceStream was consolidated with EBITDA of EUR -0.3 billion, a consequence of the rapid expansion of the company. The main special influences in the 2001 financial year were the proceeds from the sale of the shareholdings in Sprint FON and Sprint PCS amounting to a total of EUR 1.9 billion in the second and third quarters, the book profit from the sale of the cable TV company in Baden Württemberg (EUR 0.9 billion) in the third quarter, as well as proceeds from the sale of regional Kabel-Service companies (EUR 0.1 billion) and other special influences amounting to EUR 0.1 billion, mainly relating to certain gains from the reversal of accruals in the fourth quarter. The following special influences affected EBITDA in the 2000 financial year: The sale of Global One (EUR 2.9 billion), cable companies in North-Rhine Westphalia and Hesse (EUR 3.0 billion), the initial public offering of T-Online (EUR 2.7 billion), the dilution effects from the share offerings of the Russian company MTS and comdirect bank (EUR 0.2 billion), in which T-Online has a stake, and additions to accruals and losses from dispositions of non current assets (EUR 0.9 billion). End of part 2, part 3 to follow ——————————————————————————– WKN: 555750; ISIN: DE0005557508; Index: DAX, EURO STOXX 50 Listed: Amtlicher Handel in Berlin, Bremen, Düsseldorf, Frankfurt, Hamburg, Hannover, Stuttgart und München; EUREX; New York (ADS); Tokio; Toronto 050754 Mär 02