Picture Consensus

Consensus

Prior the the publication of the quarterly results, Deutsche Telekom provides a detailed consensus for the upcoming quarterly results, the current financial year and the next four years.

The following consensus numbers are still as of April 28, 2025, 17 days before the Q1 results but will be updated for Q4 by first week of Feb latest.

(€ millions)

Q1

FY25FY26FY27FY28

FY29

Revenues

29,693

120,251

123,286

127,734

131,199

136,545

EBITDA AL* (adjusted)

11,109

45,177

47,667

50,372

52,763

55,316

Cash capex

4,298

16,543

16,800

17,043

17,445

17,973

Free cashflow AL*
(before dividend payout)

4,385

20,156

20,734

21,708

22,568

24,189

Net debt (incl. leasing obligations)

134,207

136,848

134,596

132,349

129,205

124,312

Net debt (excl. leasing obligations)

96,406

97,876

96,014

94,184

89,938

82,450

Net income (adjusted)

2,286

9,748

10,768

12,088

12,984

13,776

* AL = After Leases (IFRS 16)

(€)

Q1

FY25

FY26

FY27

FY28

FY29

Earnings per share (adjusted)

0.48

2.02

2.25

2.51

2.74

3.04

Dividends per share

1.00

1.13

1.25

1.39

1.51

Consensus-Teaser

Detailed consensus (60 lines)

All details like
-segment data (financial and operational KPIs)
-high/low and the number of included analysts for every estimate
available in these documents:

Consensus (pdf, 333.0 KB)
Consensus in excel format (xlsx, 53.0 KB)

Deutsche Telekom will start to collect the usual sell side analyst estimates for Q1/2025 Monday 3rd Apr. 2025.

The following points DT has given analysts to remind when compiling their projections:

  • Net debt effects
    • FX: As always - and particularly relevant this quarter - please keep in mind that each 1cent move in the $US corresponds to approximately €1bn incremental net debt. 
    • FX: As always please keep in mind that each 1cent move in the $US between balance sheet dates corresponds to approximately €1bn incremental net debt. The $US exchange rate was 1.039 at 31 December 2024.
    • DT buyback: In Q1 we spent approx. 0.4bn €
    • TMUS shareholder returns: TMUS has announced $14bn of shareholder returns in 2025, split into dividends and share buybacks. In Q1 TMUS paid 0.5bn US$ of dividends to third parties and 0.5bn US$ to DT. In Q1, we did not sell into the TMUS SBB. On 24 January DT’s stake was 51.5%.
    • M&A: TMUS announced the closing of the Vistar and Blis transaction in Q1. Combined agreed purchase price (subject to customary adjustments) was 0.8bn US$
  • Other
    • Please also note that TMUS will report their Q1 results on April 24th.

Please see detailed time schedule for compilation of consensus

Deadline for Submission:

EOB Thursday, April 10th 2025

Individual Feedback period:

Wednesday, April 16th 2025 onwards

Start of Quiet Period:

April 25th 2025

Publication of Consensus:

EOB Tuesday, April 29th 2025 at the latest

Publication of Results:                    

Thursday, May 15th 2025

Consensus files for previous quarters are available on the page for the quarterly results and the download page.




Pictures results Deutsche Telekom AG

Financial results first quarter 2025

On Thursday, May 15, 2025 Deutsche Telekom will publish its results for Q1 2025.

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Investor Relations

Deutsche Telekom

investor.relations@telekom.de

Address

Friedrich-Ebert-Allee 140, 53113 Bonn






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