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 as of October 29, 2024, 16 days before the Q2 results.

Deutsche Telekom will start to collect the usual sell side analyst estimates for Q3 Monday 14th Oct.2024.

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

• Net debt effects
  • FX: As always, please keep in mind that each $1cent corresponds to approximately €1bn incremental net debt. Spectrum: The FCC has approved T-Mobile’s purchase of $3.5bn of spectrum from Columbia. In Q3, we already executed $2.4bn and plan to execute another tranche of $0.5bn in Q4, with the remainder in 2025.
  • DT buyback: DT has announced that it will buy back up to €2bn of its own shares in 2024. As of 28 June we had bought back c. 42.7m shares at a cost of €0.95bn. As of 30 September we had bought back c. 64.2m shares at a cost of €1.5bn.
  • TMUS dividend: In Q3 we received $0.3bn.
  • TMUS SBB: As per the last filings, T-Mobile bought back cumulatively c. 150m shares for $22.1bn by 30 June 2024, with c. 14m shares for $2.3bn in Q2. Since 29 June, DT did not sell TMUS shares alongside the TMUS buyback.
• Other
  • Please consider our extensive guidance provided at the 2024 CMD on 10/11 October 2024.
  • Please note that TMUS will report their Q3 results on October 23rd.

Please see detailed time schedule for compilation of consensus

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