Deutsche Telekom AG — Earnings Release 2001

Mar 5, 2002

News Details

Ad-hoc | 5 March 2002 07:53

Deutsche Telekom AG english

Ad Hoc Announcement of Deutsche Telekom AG Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Bonn, March 5, 2002 Deutsche Telekom Group Preliminary key figures for the 2001 financial year (January 1, 2001 to December 31, 2001) – Group revenue increased to EUR 48.3 billion, a rise of 18.1% from the previous year – International revenue increased by 71.4% compared to 2000 to EUR 13.2 billion, representing 27.3% of total revenue – 17,0% growth in Group EBITDA (adjusted for special influences) to EUR 15.1 billion; adjusted EBITDA margin of 31.3%; more than two-fold increase in adjusted EBITDA from mobile communications (including VoiceStream) from EUR 1.4 billion in the previous year to EUR 3.1 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 – Consolidated income after taxes including special influences is EUR -3.5 billion (2000: EUR 5.9 billion); Consolidated income after taxes excluding special influences for the 2001 financial year is EUR – 4.7 billion ( 2000: EUR -1.5 billion) – Increase in cash generated from operations of 26.4% to EUR 16.3 billion – Additions to property, plant and equipment amounted to EUR 9.9 billion in the 2001 financial year, compared with EUR 7.6 billion in the previous year – Shareholders’ equity increased from EUR 42.7 billion in 2000 to EUR 66.3 billion in 2001, resulting in an equity ratio of 40.3% – Reduction of net debt by 4.8% to EUR 62.1 billion by the end of the year, compared with EUR 65.2 billion at the end of the third quarter end of ad-hoc-announcement (c)DGAP 05.03.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Deutsche Telekom emphasizes that these results are only initial results on the basis of current information. Deviations may arise between these figures and the final figures published in the 2001 annual report, due to be published on 23 April 2002. The 2001 financial year was a year of strong growth. This was true of revenue, operational earnings and customer figures in strategic growth areas. The strategy of expanding in new and promising sectors such as T-DSL continued successfully, as did the particularly strong growth in mobile communications. Deutsche Telekom continued to make strategic investments abroad with the acquisition of a majority interest in the U.S. mobile communications company VoiceStream Wireless, the Czech company RadioMobil, Hrvatske Telekomunikacije in Croatia and the Macedonian company Maktel via our Hungarian subsidiary Matav. 1. An overview of the Group In billions of EUR Dec. 31, 2001 Dec. 31, 2000 Group revenue 48.3 40.9 Changes in inventories and other own capitalized costs 0.9 0.9 Total operating performance 49.2 41.8 Other operating income 6.6 11.0 Goods and services purchased -13.5 -12.0 Personnel costs -12.1 -9.7 Depreciation and amortization -15.2 -13.0 Other operating expenses -12.2 -10.4 Financial income, net -5.3 -1.2 of which net interest -4.1 -3.1 Results from ordinary business activities -2.5 6.5 Extraordinary income 0 -0.2 Taxes -0.8 -0.3 Income / loss after taxes -3.3 6.0 Losses applicable to minority shareholders -0.2 -0.1 Net income / loss -3.5 5.9 EBITDA* 18.1 20.7 EBITDA* adjusted for special influences 15.1 12.9 Net income / loss adjusted for special influences -4.7 -1.5 * Earnings before interest, tax, depreciation and amortization 2. Revenue growth during the 2001 financial year In billions of EUR Dec. 31, 2001 Dec. 31, 2000 Change Group revenue 48.3 40.9 18.1% of which domestic 35.1 33.2 5.7% of which international 13.2 7.7 71.4% Deutsche Telekom increased Group revenue in the 2001 financial year by 18.1% to EUR 48.3 billion. International revenue, which totaled EUR 13.2 billion – an increase of 71.4% compared to the previous year – accounted for a disproportionate amount of this growth. The international share of Group revenue thereby increased from 18.8% in 2000 to 27.3% in 2001. The U.S. mobile communications company VoiceStream, which was consolidated in June 2001, accounted for around EUR 2.8 billion of international revenue. Recent acquisitions in Eastern Europe also made a significant contribution to the growth in revenue. The strongest driver of revenue growth in the 2001 financial year was mobile communications, thanks to subscriber growth and acquisitions. This was followed by the systems business, primarily as a result of the effects of consolidating debis Systemhaus. The Internet business also showed encouraging growth, driven primarily by the growth in subscribers. End of part 1, part 2 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 050753 Mär 02