View ValuationDeutsche Telekom 향후 성장Future 기준 점검 1/6Deutsche Telekom (는) 각각 연간 11% 및 2.8% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 14% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 18.6% 로 예상됩니다.핵심 정보11.0%이익 성장률14.00%EPS 성장률Telecom 이익 성장21.7%매출 성장률2.8%향후 자기자본이익률18.63%애널리스트 커버리지Good마지막 업데이트13 May 2026최근 향후 성장 업데이트Major Estimate Revision • Nov 25Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €1.60 to €1.80. Revenue forecast steady at €114.8b. Net income forecast to grow 36% next year vs 22% growth forecast for Telecom industry in Germany. Consensus price target up from €31.72 to €32.66. Share price rose 2.9% to €29.58 over the past week.Major Estimate Revision • Feb 03Consensus EPS estimates increase by 18%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €2.47 to €2.93. Revenue forecast steady at €111.6b. Net income forecast to grow 94% next year vs 16% growth forecast for Telecom industry in Germany. Consensus price target broadly unchanged at €26.99. Share price was steady at €22.68 over the past week.Major Estimate Revision • Nov 10Consensus EPS estimates increase by 28%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €3.17 to €4.06. Revenue forecast steady at €111.7b. Net income forecast to grow 110% next year vs 12% growth forecast for Telecom industry in Germany. Consensus price target broadly unchanged at €25.71. Share price was steady at €21.44 over the past week.Major Estimate Revision • Aug 19Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €2.77 to €3.14. Revenue forecast steady at €111.4b. Net income forecast to grow 96% next year vs 0.2% growth forecast for Telecom industry in Germany. Consensus price target broadly unchanged at €25.72. Share price was steady at €19.01 over the past week.Major Estimate Revision • Jul 23Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €2.42 to €2.74. Revenue forecast steady at €112.0b. Net income forecast to grow 142% next year vs 1.4% decline forecast for Telecom industry in Germany. Consensus price target broadly unchanged at €25.89. Share price was steady at €19.67 over the past week.Major Estimate Revision • May 14Consensus EPS estimates increase by 36%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €1.44 to €1.96. Revenue forecast steady at €113.0b. Net income forecast to grow 64% next year vs 4.7% growth forecast for Telecom industry in Germany. Consensus price target broadly unchanged at €26.15. Share price was steady at €21.66 over the past week.모든 업데이트 보기Recent updatesReported Earnings • 15hFirst quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: €0.42 (down from €0.58 in 1Q 2025). Revenue: €30.6b (flat on 1Q 2025). Net income: €2.04b (down 28% from 1Q 2025). Profit margin: 6.7% (down from 9.4% in 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.8%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.속보 • 15hDeutsche Telekom Lifts Guidance as T-Mobile US Growth and Fiber Expansion Drive Q1 ResultsDeutsche Telekom reported a strong start to 2026, highlighting broad-based growth in Q1 and raising full-year guidance, supported mainly by T-Mobile US performance. T-Mobile US added 217,000 postpaid accounts and increased its own annual projections, underlining the unit’s role as a key earnings driver within the group. In Germany, Deutsche Telekom reached 13 million households with its fiber network, while also flagging artificial intelligence as a priority area across the business. The combination of upgraded guidance, contributions from T-Mobile US and ongoing fiber expansion suggests management is leaning on both U.S. scale and German infrastructure build-out to support future earnings potential. You may want to watch how capital spending on fiber and AI initiatives affects cash flow and debt over time, as well as any shifts in T-Mobile US performance given its outsized weight in the group’s results.새로운 내러티브 • Apr 27Deutsche Telekom (DTE): The Digital Vanguard Braces for a High-Output VerdictDeutsche Telekom AG (DTE) , the undisputed vanguard of European telecommunications and the majority owner of the powerhouse T-Mobile US, enters the final week of April 2026 in a state of formidable operational momentum. The company is scheduled to release its Q1 2026 earnings report on Wednesday, May 13, 2026, before the market opens.공시 • Apr 23Deutsche Telekom and T-Mobile US Reportedly in Merger TalksReports swirl about possible merger talks between Deutsche Telekom AG (XTRA:DTE) and T-Mobile US, Inc. (NasdaqGS:TMUS), potentially creating the largest public merger and the world's biggest wireless operator. The proposed merger would form a new holding company, with stock bids for both firms, and be listed in the US and Europe. Deutsche Telekom shares saw a 1.5% decline on April 22, 2026 amid swirling reports of possible merger discussions with U.S.-based T-Mobile US. Should this merger proceed, it would set a record as the largest public merger ever conducted, leading to the formation of the world's largest wireless operator by market capitalization. Reports confirmed by Reuters indicate these discussions are in the early stages. Deutsche Telekom, holding a 53% stake in T-Mobile, refrained from commenting on these developments. Initially reported by Bloomberg, the merger would require Germany's approval, as it stands as the largest shareholder of Deutsche Telekom. The proposed plan aims to establish a new holding company to make stock bids for both telecommunications giants, followed by listings in the U.S. and Europe. The merger could result in a powerful entity with increased market liquidity, benefitting future business dealings. Observers note T-Mobile's stock has decreased by 25% over the past year, contrasting with a 10% decline for Deutsche Telekom.내러티브 업데이트 • Apr 21DTE: AI RAN Partnerships And Capital Returns Will Drive Future RepricingAnalysts have inched their average price target for Deutsche Telekom higher to about €38.28 from roughly €38.14, reflecting recent target increases from several firms along with more cautious updates to growth, margin and future P/E assumptions. Analyst Commentary Recent research on Deutsche Telekom reflects a mix of optimism and caution, with several firms adjusting targets and one major bank revisiting its stance over the past few weeks.내러티브 업데이트 • Apr 04DTE: AI Network Partnerships And Buybacks Will Drive Future RepricingDeutsche Telekom's updated analyst price target edges higher to €38.14 from €38.03. Analysts point to slightly lower discount rate assumptions, marginally firmer profit margin expectations and a small adjustment to future P/E as key supports for the change.Upcoming Dividend • Mar 26Upcoming dividend of €1.00 per shareEligible shareholders must have bought the stock before 02 April 2026. Payment date: 08 April 2026. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (3.4%).내러티브 업데이트 • Mar 21DTE: AI Network Partnerships And Buybacks Will Support Future RepricingAnalysts have modestly raised the fair value estimate for Deutsche Telekom to about €38.03 from €36.94. This reflects updated assumptions for slightly higher revenue growth and profit margins, along with a lower future P/E, supported by recent Street research that includes a €1.50 price target increase at JPMorgan and an upgrade to Buy at Erste Group.Reported Earnings • Feb 28Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €1.97 (down from €2.27 in FY 2024). Revenue: €121.8b (up 2.9% from FY 2024). Net income: €9.61b (down 14% from FY 2024). Profit margin: 7.9% (down from 9.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.6%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.공시 • Feb 26Volvo Car AB Announces Board Member Re-Election DeclinesVolvo Car AB announced that Anna Mossberg and Caroline Grégoire Sainte Marie have declined re-election for the board.내러티브 업데이트 • Feb 14DTE: AI Collaboration And Buybacks Will Support Future Equity RepricingAnalysts have nudged their fair value estimate for Deutsche Telekom slightly higher to €36.94, reflecting updated assumptions for a lower discount rate, a modest adjustment to revenue growth and margins, and recent Street research. JPMorgan lifted its price target by €1, while Morgan Stanley set a target of €38.내러티브 업데이트 • Jan 31DTE: AI Partnerships And Buybacks Will Support Future Equity RepricingAnalysts have trimmed their fair value estimate for Deutsche Telekom from €37.25 to about €36.89. This reflects updated assumptions that pair slightly higher revenue expectations with a lower profit margin outlook and a higher future P/E, consistent with recent price target cuts such as the EUR 1.50 reduction at Barclays and the move to €38 from €40 at Morgan Stanley.공시 • Jan 28Deutsche Telekom AG, Annual General Meeting, Apr 01, 2026Deutsche Telekom AG, Annual General Meeting, Apr 01, 2026, at 10:00 W. Europe Standard Time. Location: bonn Germany내러티브 업데이트 • Jan 17DTE: AI Data Center Partnership Will Underpin Future Equity RepricingAnalysts have trimmed their fair value estimate for Deutsche Telekom to €37.25 from €38.07, reflecting an updated view that balances higher assumed revenue growth and profit margins with a higher discount rate, as well as a slightly lower future P/E multiple after the recent cut in the Street price target to €38 from €40. Analyst Commentary The latest Street research around Deutsche Telekom is relatively limited, but the recent price target move to €38 from €40 offers some insight into how professionals are thinking about valuation, execution, and growth for the stock.공시 • Jan 07Deutsche Telekom AG (XTRA:DTE) commences an Equity Buyback Plan under the authorization approved on April 9, 2025.Deutsche Telekom AG (XTRA:DTE) commences share repurchases on January 5, 2026, under the program mandated by the Annual General Meeting held on April 9, 2025. As per the mandate, the company is authorized to repurchase its own shares, such that the company’s holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital at any point of time. The consideration per share paid (excluding transaction costs) may not be more than 10% above or 20% below the market price of the shares determined by the opening auction on the trading day (day of purchase) in the Xetra trading system of the Frankfurt Stock Exchange (or a successor system). The repurchased shares will be used for for all legally permitted purposes like retirement, sale of shares against cash payment to take advantage of the opportunities offered by the relevant market price quickly, flexibly, and cost-effectively as they arise, fulfillment of conversion or option rights or obligation, Issuance of shares under share-based remuneration systems or employee share schemes and to partially exclude shareholders’ subscription rights in favor of the creditors of bonds and/or profit participation rights with conversion or option rights or a conversion or option obligation when using own shares. The program is valid till April 8, 2030. As of April 9, 2025, the company had 4,986,458,596 shares issued. On November 13, 2025, the company announced a share repurchase program. Under the program, the company will repurchase €2,000 million worth of its shares. The program is valid till 2026.분석 기사 • Nov 20We Think That There Are Issues Underlying Deutsche Telekom's (ETR:DTE) EarningsDeutsche Telekom AG's ( ETR:DTE ) robust earnings report didn't manage to move the market for its stock. Our analysis...Declared Dividend • Nov 15Dividend increased to €1.00Dividend of €1.00 is 11% higher than last year. Ex-date: 2nd April 2026 Payment date: 8th April 2026 Dividend yield will be 3.7%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 14Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: €0.50 (down from €0.60 in 3Q 2024). Revenue: €29.6b (up 1.6% from 3Q 2024). Net income: €2.43b (down 18% from 3Q 2024). Profit margin: 8.2% (down from 10% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.3%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.공시 • Nov 14Deutsche Telekom AG announces Annual dividend, payable on April 08, 2026Deutsche Telekom AG announced Annual dividend of EUR 1.0000 per share payable on April 08, 2026, ex-date on April 02, 2026 and record date on April 07, 2026.내러티브 업데이트 • Oct 23Analysts Raise Deutsche Telekom Price Target Amid Improved Margins and Strategic PartnershipsAnalysts have increased their price target for Deutsche Telekom by approximately €0.49 to €38.07. They cited improved profit margin expectations, which more than offset slightly softer projected revenue growth and a modest uptick in the discount rate.공시 • Oct 03Deutsche Telekom AG (XTRA:DTE) acquired Synedra Information Technologies GmbH.Deutsche Telekom AG (XTRA:DTE) acquired Synedra Information Technologies GmbH on October 1, 2025. The founding team of Synedra and its more than 80 employees will become part of the Telekom family as part of the acquisition. With the acquisition, Deutsche Telekom will expand its portfolio in the future to include the HCM solutions from synedra and the documentation solutions from akedis Innovations. Deutsche Telekom AG (XTRA:DTE) completed the acquisition of Synedra Information Technologies GmbH on October 1, 2025.공시 • Aug 13+ 3 more updatesDeutsche Telekom AG to Report Q2, 2026 Results on Aug 06, 2026Deutsche Telekom AG announced that they will report Q2, 2026 results on Aug 06, 2026Reported Earnings • Aug 10Second quarter 2025 earnings: Revenues in line with analyst expectationsSecond quarter 2025 results: Revenue: €29.3b (up 1.0% from 2Q 2024). Net income: €2.62b (up 25% from 2Q 2024). Profit margin: 8.9% (up from 7.2% in 2Q 2024). Revenue was in line with analyst estimates. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Telecom industry in Europe.분석 기사 • Jul 09Deutsche Telekom (ETR:DTE) Has A Somewhat Strained Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...New Risk • Jun 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.05% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.05% per year for the foreseeable future. Minor Risk High level of debt (99% net debt to equity).분석 기사 • Jun 21Deutsche Telekom AG's (ETR:DTE) Earnings Are Not Doing Enough For Some InvestorsWhen close to half the companies in Germany have price-to-earnings ratios (or "P/E's") above 19x, you may consider...Reported Earnings • May 16First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: €0.58 (up from €0.40 in 1Q 2024). Revenue: €30.4b (up 6.4% from 1Q 2024). Net income: €2.85b (up 44% from 1Q 2024). Profit margin: 9.4% (up from 6.9% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 39%. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.New Risk • May 15New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risk High level of debt (105% net debt to equity).Upcoming Dividend • Apr 03Upcoming dividend of €0.90 per shareEligible shareholders must have bought the stock before 10 April 2025. Payment date: 14 April 2025. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (3.0%).공시 • Mar 12Deutsche Telekom and T-Systems Announce Management ChangesDeutsche Telekom and its subsidiary T-Systems have appointed Gottfried Ludewig as the new head of the Public Sector division, effective 01 March 2025. Ludewig succeeds Juergen Schulz, who is leaving the company at his own request. Telekom said it is strengthening the cooperation between the public sector and the healthcare sector divisions with Ludwig in the double role of Head of Public Sector division and Head of Healthcare. The public sector division provides services to institutions at federal, state and local level in Germany, as well as the European level.공시 • Mar 07uCloudlink Group Inc., Deutsche Telekom, Siemens, Airbus, and HSBC Receive Approval for Pilot Operations of Value-Added Telecoms Services from MIITUCLOUDLINK GROUP INC. announced that it was one of the first batch of 13 foreign-invested companies to receive approval for pilot operations of value-added telecommunications services by China’s Ministry of Industry and Information Technology (the “MIIT”). With the approval, UCLOUDLINK will be permitted to engage in value-added telecommunications services such as internet access and information services in China. The 13 foreign-invested companies approved for this pilot program are predominantly affiliates of well-known multinational corporations, including Deutsche Telekom, Siemens, Airbus, and HSBC. Companies that received approval are expected to provide Chinese consumers with a more diverse range of telecom services and products to stimulate market vitality, enhance service quality and standards, and better meet the growing digital lifestyle needs of the Chinese public.공시 • Mar 05Deutsche Telekom AG, Annual General Meeting, Apr 09, 2025Deutsche Telekom AG, Annual General Meeting, Apr 09, 2025, at 10:00 W. Europe Standard Time.공시 • Feb 28Deutsche Telekom AG announces Annual dividend, payable on April 14, 2025Deutsche Telekom AG announced Annual dividend of EUR 0.9000 per share payable on April 14, 2025, ex-date on April 10, 2025 and record date on April 11, 2025.Reported Earnings • Feb 27Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: €2.27 (up from €0.82 in FY 2023). Revenue: €122.3b (up 6.6% from FY 2023). Net income: €11.2b (up 174% from FY 2023). Profit margin: 9.2% (up from 3.6% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 27%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.공시 • Jan 08+ 2 more updatesDeutsche Telekom AG to Report Q1, 2025 Results on May 15, 2025Deutsche Telekom AG announced that they will report Q1, 2025 results on May 15, 2025Major Estimate Revision • Nov 25Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €1.60 to €1.80. Revenue forecast steady at €114.8b. Net income forecast to grow 36% next year vs 22% growth forecast for Telecom industry in Germany. Consensus price target up from €31.72 to €32.66. Share price rose 2.9% to €29.58 over the past week.새로운 내러티브 • Nov 24Critical Broadband Expansion And ESG Initiatives Drive US And European Telecom Growth Strategic investments in fiber and strong service revenue growth enhance Deutsche Telekom's competitive edge and market share in U.S. and Europe. Reported Earnings • Nov 15Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: €0.60 (up from €0.39 in 3Q 2023). Revenue: €29.4b (up 4.0% from 3Q 2023). Net income: €2.96b (up 54% from 3Q 2023). Profit margin: 10% (up from 6.8% in 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 35%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.Reported Earnings • Aug 09Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: €0.42 (up from €0.31 in 2Q 2023). Revenue: €29.0b (up 4.1% from 2Q 2023). Net income: €2.09b (up 36% from 2Q 2023). Profit margin: 7.2% (up from 5.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.0%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Reported Earnings • May 19First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: EPS: €0.40 (up from €0.34 in 1Q 2023). Revenue: €28.6b (flat on 1Q 2023). Net income: €1.98b (up 19% from 1Q 2023). Profit margin: 6.9% (up from 5.9% in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Upcoming Dividend • Apr 04Upcoming dividend of €0.77 per shareEligible shareholders must have bought the stock before 11 April 2024. Payment date: 15 April 2024. Payout ratio is on the higher end at 94%, however this is supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (3.2%).New Risk • Feb 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.6% Last year net profit margin: 6.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (107% net debt to equity). Dividend is not well covered by earnings (94% payout ratio). Profit margins are more than 30% lower than last year (3.6% net profit margin).Reported Earnings • Feb 26Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: €0.82 (down from €1.52 in FY 2022). Revenue: €114.7b (down 2.0% from FY 2022). Net income: €4.09b (down 46% from FY 2022). Profit margin: 3.6% (down from 6.5% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 31%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Feb 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 8.7% per year for the foreseeable future. Minor Risk High level of debt (105% net debt to equity).공시 • Feb 16Deutsche Telekom and Brain.ai Unveils Revolutionary App-Less Phone At Mobile World CongressBrain.ai (also known as Brain Technologies Inc.) and Deutsche Telekom announced that they will unveil a new app-less phone that humanizes how people interact with their devices, powered by Brain.ai’s Natural AI interface. Brain.ai is an artificial intelligence company with a mission to make computers an extension of minds. Deutsche Telekom is one of the world’s leading integrated telecommunications companies. Brain and Deutsche Telekom will make the announcement at Mobile World Congress 2024 in Barcelona, demoing the visionary AI phone together. Natural AI dynamically creates interfaces on-demand, replacing the need for countless apps. Like a concierge, Natural AI takes over tasks and takes care of the details. Brain and Deutsche Telekom will announce and demo the new phone on stage on February 26, at Deutsche Telekom’s booth - Hall 3 at Booth 3M31. Today's software and apps operate on predefined pathways, with programmers establishing fixed connections from user interfaces to backend functionalities. Lacking the context of these connections made by humans, today’s software cannot dynamically adjust or adapt to human needs in real-time, nor can they learn from past connections to adapt to future needs they've not seen before. The AI phone Brain.ai is presenting together with Deutsche Telekom is breaking the paradigm–with an app-free interface that predicts and generates the next interface contextually, flowing with thoughts.Major Estimate Revision • Feb 03Consensus EPS estimates increase by 18%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €2.47 to €2.93. Revenue forecast steady at €111.6b. Net income forecast to grow 94% next year vs 16% growth forecast for Telecom industry in Germany. Consensus price target broadly unchanged at €26.99. Share price was steady at €22.68 over the past week.공시 • Jan 09Deutsche Telekom AG (XTRA:DTE) commences an Equity Buyback Plan, under the authorization approved on April 1, 2021.Deutsche Telekom AG (DB:DTE) commences share repurchases on January 3, 2024, under the program mandated by the shareholders in the Annual General Meeting held on April 1, 2021. As per the mandate, the company will repurchase its own shares, such that, at no time it’s holding in own shares represent more than 10% of its issued share capital. The repurchases will be made either on the stock exchange or through a public offer to all shareholders or a public invitation to make a purchase offer. If the shares are acquired on the stock exchange, the repurchase price (excluding transaction costs) may not be more than 10% above or 20% below the market price of the shares determined by the opening auction on the trading day on which the contractual transaction was concluded in the Xetra trading system of Deutsche Börse AG (or a subsequent system). If the shares are purchased through a public purchase offer presented to all shareholders, the purchase price offered, or the limits of the purchase price range offered per share (excluding transaction costs) may not be more than 10% above or below the average market price of the share between the 9th and 5th trading day before the date of publication of the offer. The repurchased shares will be used to fulfill option and/or conversion rights and obligations from convertible bonds and/or bonds with warrants issued, either directly or through a company. The program will be valid till March 31, 2026. As of February 26, 2021, the company has 4,761,458,596 shares issued. On January 2, 2024, the company announced a share repurchase program. Under the program, the company will repurchase up to €2,000 million worth of its shares. The purpose of the program is to partially offset the dilutive effect of the 2021 capital increase. The shares repurchased will be retired. The program will be carried out in several tranches and until December 31, 2024. On January 2, 2024, the company announced a share repurchase program. Under the 1st tranche of the program, the company will repurchase up to 25,000,000 shares, for €550 million. The repurchases will commence from January 3, 2024 and will run until April 4, 2024.Reported Earnings • Nov 13Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: EPS: €0.39 (up from €0.30 in 3Q 2022). Revenue: €28.2b (down 4.8% from 3Q 2022). Net income: €1.92b (up 31% from 3Q 2022). Profit margin: 6.8% (up from 5.0% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.3%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 13% per year.공시 • Nov 13Deutsche Telekom AG, Annual General Meeting, Apr 10, 2024Deutsche Telekom AG, Annual General Meeting, Apr 10, 2024, at 10:00 Central European Standard Time.Major Estimate Revision • Nov 10Consensus EPS estimates increase by 28%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €3.17 to €4.06. Revenue forecast steady at €111.7b. Net income forecast to grow 110% next year vs 12% growth forecast for Telecom industry in Germany. Consensus price target broadly unchanged at €25.71. Share price was steady at €21.44 over the past week.공시 • Nov 04Deutsche Telekom AG Plans Higher Dividend for 2023The Board of Management of Deutsche Telekom AG plans to propose to the annual shareholder meeting to increase the dividend for the 2023 financial year to 0.77 euros per dividend-bearing share, up from 0.70 euros per share for the 2022 financial year.공시 • Oct 17Deutsche Telekom Appoints Ferri Abolhassan as the New Member of the Executive Board, Effective January 1, 2024Deutsche Telekom has appointed Ferri Abolhassan as the new member of the executive board, responsible for T-Systems, effective on 01 January 2024.공시 • Oct 07Deutsche Telekom and Mavenir Unveil Advancements in 5G Standalone Network Slicing Service OpportunitiesMavenir together with Deutsche Telekom announced significant advancements across two projects both focused on progressing monetisation opportunities enabled by 5G standalone network slicing technologies and powered by Mavenir’s cloud-native Converged Packet Core. 5G Live Video Production Service, with RTL Deutschland, for stable broadcasting of live events using 5G standalone and network slicing technologies. This new service, now commercially available from Deutsche Telekom, allows professional video or media production companies to transmit live HD video streams reliably over the 5G network, even without special equipment (e.g. satellite van). To further increase the service reach, this use case can also be extended to mobile journalism, where regular consumers can transmit spontaneous video production using their own smartphones. Demonstration of a multi-domain orchestration proof-of-concept (PoC) with open APIs for 5G dynamic network slicing services on-demand. The collaborative PoC illustrates the ease with which businesses can submit a service request through Deutsche Telekom's customer interface, initiating the setup of a protected, tailored 5G network slice that assures superior Quality of Service (QoS) tailored to a customer’s specific connectivity needs. The complete customer journey from the moment an order is placed, to the translation of that order into precise deployment and configuration details for network functions, results in the activation of a dedicated end-to-end network slice with a custom Service Level Agreement (SLA). Network Slicing solution demonstrated by Deutsche Telekom for the multi domain orchestration PoC enables enterprises to book a network slice for video production or any other use case, based on the slice availability at their location. The entire network slice lifecycle is automated, from ordering to instantiation to configuration to management. The business support system (BSS) takes the customer order and invokes the slice manager/orchestrator. The Mavenir Digital Cloud Automation (MDCA), which serves as a network function management function (NFMF), exposes REST API to the slice orchestrator to receive slice creation and configuration requests. To enable seamless integration with 3rd party orchestrators, Mavenir made the API specification publicly available. The MDCA which is Mavenir’s CICD framework, uses GitOps practices to automate the creation and configuration of the slice. As part of this procedure, the required network function (NF) for the slice is instantiated, the slice-specific and other dependent NFs are configured. Once the slice is activated, the slice specific KPIs are sent to the operations support system (OSS) layer. This enables monitoring of the network slice's performance, and any feedback action to be taken for Slice Assurance follows the same path as creation i.e. via MDCA. The 5G Live Video Production Service and the Multi-Domain Orchestration PoC was implemented using Mavenir’s cloud-native Converged Packet Core components and the MDCA serving as the NFMF. Mavenir’s end-to-end network slicing solution comprising of RAN, Core, Mavenir Digital Enablement (MDE serving as the BSS), and MDCA based Automation suite provides the same customer journey and slice lifecycle management as that of the Deutsche Telekom solution. MDE exposes TMF based Open APIs easing the integration with third-party management interfaces. This solution provides several benefits to CSPs, consumers and enterprises, including: Increased agility and flexibility: Businesses can quickly and easily deploy and manage network slices to meet their specific needs. Improved efficiency and cost savings: Businesses can optimise their network resources by using network slices for specific applications or use cases. Enhanced security and isolation: Network slices can be isolated from each other to improve security and performance. New revenue opportunities: Businesses can offer new and innovative services to their customers by using network slicing.Major Estimate Revision • Aug 19Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €2.77 to €3.14. Revenue forecast steady at €111.4b. Net income forecast to grow 96% next year vs 0.2% growth forecast for Telecom industry in Germany. Consensus price target broadly unchanged at €25.72. Share price was steady at €19.01 over the past week.공시 • Jul 24+ 4 more updatesDeutsche Telekom AG to Report Q4, 2023 Results on Feb 23, 2024Deutsche Telekom AG announced that they will report Q4, 2023 results on Feb 23, 2024Major Estimate Revision • Jul 23Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €2.42 to €2.74. Revenue forecast steady at €112.0b. Net income forecast to grow 142% next year vs 1.4% decline forecast for Telecom industry in Germany. Consensus price target broadly unchanged at €25.89. Share price was steady at €19.67 over the past week.공시 • Jun 09Deutsche Telekom Has Appoints Wolfgang Metze as Its New Managing Director for Private Customers in Germany and Member of the Management Board of Telekom DeutschlandDeutsche Telekom has appointed Wolfgang Metze as its new managing director for private customers in Germany, effective from 01 August. Metze will also become a member of the management board of Telekom Deutschland. He will report directly to the Telekom Deutschland MD Srini Gopalan.Reported Earnings • May 16First quarter 2023 earnings released: EPS: €0.34 (vs €0.78 in 1Q 2022)First quarter 2023 results: EPS: €0.34 (down from €0.78 in 1Q 2022). Revenue: €28.5b (flat on 1Q 2022). Net income: €1.67b (down 57% from 1Q 2022). Profit margin: 5.9% (down from 14% in 1Q 2022). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 17% per year.Major Estimate Revision • May 14Consensus EPS estimates increase by 36%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €1.44 to €1.96. Revenue forecast steady at €113.0b. Net income forecast to grow 64% next year vs 4.7% growth forecast for Telecom industry in Germany. Consensus price target broadly unchanged at €26.15. Share price was steady at €21.66 over the past week.Upcoming Dividend • Mar 30Upcoming dividend of €0.70 per share at 3.2% yieldEligible shareholders must have bought the stock before 06 April 2023. Payment date: 12 April 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (3.2%).Major Estimate Revision • Mar 02Consensus EPS estimates increase by 11%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from €115.9b to €114.5b. EPS estimate rose from €1.35 to €1.50. Net income forecast to shrink 8.9% next year vs 0.1% decline forecast for Telecom industry in Germany. Consensus price target broadly unchanged at €25.07. Share price was steady at €21.15 over the past week.Reported Earnings • Feb 25Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: €1.52 (up from €0.82 in FY 2021). Revenue: €117.1b (up 6.0% from FY 2021). Net income: €7.56b (up 90% from FY 2021). Profit margin: 6.5% (up from 3.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 26%. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.이익 및 매출 성장 예측XTRA:DTE - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028131,15211,99322,60942,7881012/31/2027126,40610,03521,33441,5571412/31/2026123,4119,65820,29436,36173/31/2026121,9468,80723,59240,330N/A12/31/2025121,8169,60923,26240,627N/A9/30/2025121,00912,06823,34240,837N/A6/30/2025120,53912,59823,00840,919N/A3/31/2025120,24812,07222,54641,432N/A12/31/2024118,43211,20920,74939,874N/A9/30/2024116,4065,99021,00539,445N/A6/30/2024115,4964,95421,41538,327N/A3/31/2024114,8244,40519,69137,354N/A12/31/2023114,7334,09219,52737,298N/A9/30/2023115,5916,00217,46737,073N/A6/30/2023117,0245,55115,41336,704N/A3/31/2023117,2045,37414,25336,019N/A12/31/2022117,0747,55811,70835,819N/A9/30/2022115,9847,09510,54233,853N/A6/30/2022113,6256,46811,73533,763N/A3/31/2022111,7836,88611,96033,222N/A12/31/2021110,4723,9695,80832,171N/A9/30/2021109,4695,2305,84732,918N/A6/30/2021109,2535,2043,85631,023N/A3/31/2021110,3074,17869528,091N/A12/31/2020102,7174,0115,05223,743N/A9/30/202097,4303,1415,96021,988N/A6/30/202090,9523,6926,13020,574N/A3/31/202083,4453,8826,92721,024N/A12/31/201982,9743,867N/A23,074N/A9/30/201981,9092,782N/A21,937N/A6/30/201981,0142,524N/A20,866N/A3/31/201980,0492,075N/A19,660N/A12/31/201878,1182,166N/A17,948N/A9/30/201876,9683,929N/A17,371N/A6/30/201876,0603,326N/A17,326N/A3/31/201876,2253,706N/A17,138N/A12/31/201777,2723,461N/A17,196N/A9/30/201777,6025N/A16,916N/A6/30/201777,425551N/A16,665N/A3/31/201776,320297N/A16,392N/A12/31/201675,2432,675N/A15,533N/A9/30/201673,5535,745N/A15,856N/A6/30/201672,5305,501N/A15,245N/A3/31/201672,0785,592N/A15,185N/A12/31/201571,3183,254N/A14,997N/A9/30/201569,8872,198N/A14,799N/A6/30/201567,9211,895N/A14,423N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: DTE 의 연간 예상 수익 증가율(11%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: DTE 의 연간 수익(11%)이 German 시장(17.2%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: DTE 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: DTE 의 수익(연간 2.8%)이 German 시장(연간 6.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: DTE 의 수익(연간 2.8%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: DTE의 자본 수익률은 3년 후 18.6%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YTelecom 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/14 08:19종가2026/05/14 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Deutsche Telekom AG는 40명의 분석가가 다루고 있습니다. 이 중 14명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Andrew Charles BealeArete Research Services LLPnull nullBanco de Sabadell. S.A.Mathieu RobilliardBarclays37명의 분석가 더 보기
Major Estimate Revision • Nov 25Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €1.60 to €1.80. Revenue forecast steady at €114.8b. Net income forecast to grow 36% next year vs 22% growth forecast for Telecom industry in Germany. Consensus price target up from €31.72 to €32.66. Share price rose 2.9% to €29.58 over the past week.
Major Estimate Revision • Feb 03Consensus EPS estimates increase by 18%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €2.47 to €2.93. Revenue forecast steady at €111.6b. Net income forecast to grow 94% next year vs 16% growth forecast for Telecom industry in Germany. Consensus price target broadly unchanged at €26.99. Share price was steady at €22.68 over the past week.
Major Estimate Revision • Nov 10Consensus EPS estimates increase by 28%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €3.17 to €4.06. Revenue forecast steady at €111.7b. Net income forecast to grow 110% next year vs 12% growth forecast for Telecom industry in Germany. Consensus price target broadly unchanged at €25.71. Share price was steady at €21.44 over the past week.
Major Estimate Revision • Aug 19Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €2.77 to €3.14. Revenue forecast steady at €111.4b. Net income forecast to grow 96% next year vs 0.2% growth forecast for Telecom industry in Germany. Consensus price target broadly unchanged at €25.72. Share price was steady at €19.01 over the past week.
Major Estimate Revision • Jul 23Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €2.42 to €2.74. Revenue forecast steady at €112.0b. Net income forecast to grow 142% next year vs 1.4% decline forecast for Telecom industry in Germany. Consensus price target broadly unchanged at €25.89. Share price was steady at €19.67 over the past week.
Major Estimate Revision • May 14Consensus EPS estimates increase by 36%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €1.44 to €1.96. Revenue forecast steady at €113.0b. Net income forecast to grow 64% next year vs 4.7% growth forecast for Telecom industry in Germany. Consensus price target broadly unchanged at €26.15. Share price was steady at €21.66 over the past week.
Reported Earnings • 15hFirst quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: €0.42 (down from €0.58 in 1Q 2025). Revenue: €30.6b (flat on 1Q 2025). Net income: €2.04b (down 28% from 1Q 2025). Profit margin: 6.7% (down from 9.4% in 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.8%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
속보 • 15hDeutsche Telekom Lifts Guidance as T-Mobile US Growth and Fiber Expansion Drive Q1 ResultsDeutsche Telekom reported a strong start to 2026, highlighting broad-based growth in Q1 and raising full-year guidance, supported mainly by T-Mobile US performance. T-Mobile US added 217,000 postpaid accounts and increased its own annual projections, underlining the unit’s role as a key earnings driver within the group. In Germany, Deutsche Telekom reached 13 million households with its fiber network, while also flagging artificial intelligence as a priority area across the business. The combination of upgraded guidance, contributions from T-Mobile US and ongoing fiber expansion suggests management is leaning on both U.S. scale and German infrastructure build-out to support future earnings potential. You may want to watch how capital spending on fiber and AI initiatives affects cash flow and debt over time, as well as any shifts in T-Mobile US performance given its outsized weight in the group’s results.
새로운 내러티브 • Apr 27Deutsche Telekom (DTE): The Digital Vanguard Braces for a High-Output VerdictDeutsche Telekom AG (DTE) , the undisputed vanguard of European telecommunications and the majority owner of the powerhouse T-Mobile US, enters the final week of April 2026 in a state of formidable operational momentum. The company is scheduled to release its Q1 2026 earnings report on Wednesday, May 13, 2026, before the market opens.
공시 • Apr 23Deutsche Telekom and T-Mobile US Reportedly in Merger TalksReports swirl about possible merger talks between Deutsche Telekom AG (XTRA:DTE) and T-Mobile US, Inc. (NasdaqGS:TMUS), potentially creating the largest public merger and the world's biggest wireless operator. The proposed merger would form a new holding company, with stock bids for both firms, and be listed in the US and Europe. Deutsche Telekom shares saw a 1.5% decline on April 22, 2026 amid swirling reports of possible merger discussions with U.S.-based T-Mobile US. Should this merger proceed, it would set a record as the largest public merger ever conducted, leading to the formation of the world's largest wireless operator by market capitalization. Reports confirmed by Reuters indicate these discussions are in the early stages. Deutsche Telekom, holding a 53% stake in T-Mobile, refrained from commenting on these developments. Initially reported by Bloomberg, the merger would require Germany's approval, as it stands as the largest shareholder of Deutsche Telekom. The proposed plan aims to establish a new holding company to make stock bids for both telecommunications giants, followed by listings in the U.S. and Europe. The merger could result in a powerful entity with increased market liquidity, benefitting future business dealings. Observers note T-Mobile's stock has decreased by 25% over the past year, contrasting with a 10% decline for Deutsche Telekom.
내러티브 업데이트 • Apr 21DTE: AI RAN Partnerships And Capital Returns Will Drive Future RepricingAnalysts have inched their average price target for Deutsche Telekom higher to about €38.28 from roughly €38.14, reflecting recent target increases from several firms along with more cautious updates to growth, margin and future P/E assumptions. Analyst Commentary Recent research on Deutsche Telekom reflects a mix of optimism and caution, with several firms adjusting targets and one major bank revisiting its stance over the past few weeks.
내러티브 업데이트 • Apr 04DTE: AI Network Partnerships And Buybacks Will Drive Future RepricingDeutsche Telekom's updated analyst price target edges higher to €38.14 from €38.03. Analysts point to slightly lower discount rate assumptions, marginally firmer profit margin expectations and a small adjustment to future P/E as key supports for the change.
Upcoming Dividend • Mar 26Upcoming dividend of €1.00 per shareEligible shareholders must have bought the stock before 02 April 2026. Payment date: 08 April 2026. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (3.4%).
내러티브 업데이트 • Mar 21DTE: AI Network Partnerships And Buybacks Will Support Future RepricingAnalysts have modestly raised the fair value estimate for Deutsche Telekom to about €38.03 from €36.94. This reflects updated assumptions for slightly higher revenue growth and profit margins, along with a lower future P/E, supported by recent Street research that includes a €1.50 price target increase at JPMorgan and an upgrade to Buy at Erste Group.
Reported Earnings • Feb 28Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €1.97 (down from €2.27 in FY 2024). Revenue: €121.8b (up 2.9% from FY 2024). Net income: €9.61b (down 14% from FY 2024). Profit margin: 7.9% (down from 9.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.6%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
공시 • Feb 26Volvo Car AB Announces Board Member Re-Election DeclinesVolvo Car AB announced that Anna Mossberg and Caroline Grégoire Sainte Marie have declined re-election for the board.
내러티브 업데이트 • Feb 14DTE: AI Collaboration And Buybacks Will Support Future Equity RepricingAnalysts have nudged their fair value estimate for Deutsche Telekom slightly higher to €36.94, reflecting updated assumptions for a lower discount rate, a modest adjustment to revenue growth and margins, and recent Street research. JPMorgan lifted its price target by €1, while Morgan Stanley set a target of €38.
내러티브 업데이트 • Jan 31DTE: AI Partnerships And Buybacks Will Support Future Equity RepricingAnalysts have trimmed their fair value estimate for Deutsche Telekom from €37.25 to about €36.89. This reflects updated assumptions that pair slightly higher revenue expectations with a lower profit margin outlook and a higher future P/E, consistent with recent price target cuts such as the EUR 1.50 reduction at Barclays and the move to €38 from €40 at Morgan Stanley.
공시 • Jan 28Deutsche Telekom AG, Annual General Meeting, Apr 01, 2026Deutsche Telekom AG, Annual General Meeting, Apr 01, 2026, at 10:00 W. Europe Standard Time. Location: bonn Germany
내러티브 업데이트 • Jan 17DTE: AI Data Center Partnership Will Underpin Future Equity RepricingAnalysts have trimmed their fair value estimate for Deutsche Telekom to €37.25 from €38.07, reflecting an updated view that balances higher assumed revenue growth and profit margins with a higher discount rate, as well as a slightly lower future P/E multiple after the recent cut in the Street price target to €38 from €40. Analyst Commentary The latest Street research around Deutsche Telekom is relatively limited, but the recent price target move to €38 from €40 offers some insight into how professionals are thinking about valuation, execution, and growth for the stock.
공시 • Jan 07Deutsche Telekom AG (XTRA:DTE) commences an Equity Buyback Plan under the authorization approved on April 9, 2025.Deutsche Telekom AG (XTRA:DTE) commences share repurchases on January 5, 2026, under the program mandated by the Annual General Meeting held on April 9, 2025. As per the mandate, the company is authorized to repurchase its own shares, such that the company’s holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital at any point of time. The consideration per share paid (excluding transaction costs) may not be more than 10% above or 20% below the market price of the shares determined by the opening auction on the trading day (day of purchase) in the Xetra trading system of the Frankfurt Stock Exchange (or a successor system). The repurchased shares will be used for for all legally permitted purposes like retirement, sale of shares against cash payment to take advantage of the opportunities offered by the relevant market price quickly, flexibly, and cost-effectively as they arise, fulfillment of conversion or option rights or obligation, Issuance of shares under share-based remuneration systems or employee share schemes and to partially exclude shareholders’ subscription rights in favor of the creditors of bonds and/or profit participation rights with conversion or option rights or a conversion or option obligation when using own shares. The program is valid till April 8, 2030. As of April 9, 2025, the company had 4,986,458,596 shares issued. On November 13, 2025, the company announced a share repurchase program. Under the program, the company will repurchase €2,000 million worth of its shares. The program is valid till 2026.
분석 기사 • Nov 20We Think That There Are Issues Underlying Deutsche Telekom's (ETR:DTE) EarningsDeutsche Telekom AG's ( ETR:DTE ) robust earnings report didn't manage to move the market for its stock. Our analysis...
Declared Dividend • Nov 15Dividend increased to €1.00Dividend of €1.00 is 11% higher than last year. Ex-date: 2nd April 2026 Payment date: 8th April 2026 Dividend yield will be 3.7%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 14Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: €0.50 (down from €0.60 in 3Q 2024). Revenue: €29.6b (up 1.6% from 3Q 2024). Net income: €2.43b (down 18% from 3Q 2024). Profit margin: 8.2% (down from 10% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.3%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
공시 • Nov 14Deutsche Telekom AG announces Annual dividend, payable on April 08, 2026Deutsche Telekom AG announced Annual dividend of EUR 1.0000 per share payable on April 08, 2026, ex-date on April 02, 2026 and record date on April 07, 2026.
내러티브 업데이트 • Oct 23Analysts Raise Deutsche Telekom Price Target Amid Improved Margins and Strategic PartnershipsAnalysts have increased their price target for Deutsche Telekom by approximately €0.49 to €38.07. They cited improved profit margin expectations, which more than offset slightly softer projected revenue growth and a modest uptick in the discount rate.
공시 • Oct 03Deutsche Telekom AG (XTRA:DTE) acquired Synedra Information Technologies GmbH.Deutsche Telekom AG (XTRA:DTE) acquired Synedra Information Technologies GmbH on October 1, 2025. The founding team of Synedra and its more than 80 employees will become part of the Telekom family as part of the acquisition. With the acquisition, Deutsche Telekom will expand its portfolio in the future to include the HCM solutions from synedra and the documentation solutions from akedis Innovations. Deutsche Telekom AG (XTRA:DTE) completed the acquisition of Synedra Information Technologies GmbH on October 1, 2025.
공시 • Aug 13+ 3 more updatesDeutsche Telekom AG to Report Q2, 2026 Results on Aug 06, 2026Deutsche Telekom AG announced that they will report Q2, 2026 results on Aug 06, 2026
Reported Earnings • Aug 10Second quarter 2025 earnings: Revenues in line with analyst expectationsSecond quarter 2025 results: Revenue: €29.3b (up 1.0% from 2Q 2024). Net income: €2.62b (up 25% from 2Q 2024). Profit margin: 8.9% (up from 7.2% in 2Q 2024). Revenue was in line with analyst estimates. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Telecom industry in Europe.
분석 기사 • Jul 09Deutsche Telekom (ETR:DTE) Has A Somewhat Strained Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
New Risk • Jun 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.05% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.05% per year for the foreseeable future. Minor Risk High level of debt (99% net debt to equity).
분석 기사 • Jun 21Deutsche Telekom AG's (ETR:DTE) Earnings Are Not Doing Enough For Some InvestorsWhen close to half the companies in Germany have price-to-earnings ratios (or "P/E's") above 19x, you may consider...
Reported Earnings • May 16First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: €0.58 (up from €0.40 in 1Q 2024). Revenue: €30.4b (up 6.4% from 1Q 2024). Net income: €2.85b (up 44% from 1Q 2024). Profit margin: 9.4% (up from 6.9% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 39%. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • May 15New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risk High level of debt (105% net debt to equity).
Upcoming Dividend • Apr 03Upcoming dividend of €0.90 per shareEligible shareholders must have bought the stock before 10 April 2025. Payment date: 14 April 2025. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (3.0%).
공시 • Mar 12Deutsche Telekom and T-Systems Announce Management ChangesDeutsche Telekom and its subsidiary T-Systems have appointed Gottfried Ludewig as the new head of the Public Sector division, effective 01 March 2025. Ludewig succeeds Juergen Schulz, who is leaving the company at his own request. Telekom said it is strengthening the cooperation between the public sector and the healthcare sector divisions with Ludwig in the double role of Head of Public Sector division and Head of Healthcare. The public sector division provides services to institutions at federal, state and local level in Germany, as well as the European level.
공시 • Mar 07uCloudlink Group Inc., Deutsche Telekom, Siemens, Airbus, and HSBC Receive Approval for Pilot Operations of Value-Added Telecoms Services from MIITUCLOUDLINK GROUP INC. announced that it was one of the first batch of 13 foreign-invested companies to receive approval for pilot operations of value-added telecommunications services by China’s Ministry of Industry and Information Technology (the “MIIT”). With the approval, UCLOUDLINK will be permitted to engage in value-added telecommunications services such as internet access and information services in China. The 13 foreign-invested companies approved for this pilot program are predominantly affiliates of well-known multinational corporations, including Deutsche Telekom, Siemens, Airbus, and HSBC. Companies that received approval are expected to provide Chinese consumers with a more diverse range of telecom services and products to stimulate market vitality, enhance service quality and standards, and better meet the growing digital lifestyle needs of the Chinese public.
공시 • Mar 05Deutsche Telekom AG, Annual General Meeting, Apr 09, 2025Deutsche Telekom AG, Annual General Meeting, Apr 09, 2025, at 10:00 W. Europe Standard Time.
공시 • Feb 28Deutsche Telekom AG announces Annual dividend, payable on April 14, 2025Deutsche Telekom AG announced Annual dividend of EUR 0.9000 per share payable on April 14, 2025, ex-date on April 10, 2025 and record date on April 11, 2025.
Reported Earnings • Feb 27Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: €2.27 (up from €0.82 in FY 2023). Revenue: €122.3b (up 6.6% from FY 2023). Net income: €11.2b (up 174% from FY 2023). Profit margin: 9.2% (up from 3.6% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 27%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Jan 08+ 2 more updatesDeutsche Telekom AG to Report Q1, 2025 Results on May 15, 2025Deutsche Telekom AG announced that they will report Q1, 2025 results on May 15, 2025
Major Estimate Revision • Nov 25Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €1.60 to €1.80. Revenue forecast steady at €114.8b. Net income forecast to grow 36% next year vs 22% growth forecast for Telecom industry in Germany. Consensus price target up from €31.72 to €32.66. Share price rose 2.9% to €29.58 over the past week.
새로운 내러티브 • Nov 24Critical Broadband Expansion And ESG Initiatives Drive US And European Telecom Growth Strategic investments in fiber and strong service revenue growth enhance Deutsche Telekom's competitive edge and market share in U.S. and Europe.
Reported Earnings • Nov 15Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: €0.60 (up from €0.39 in 3Q 2023). Revenue: €29.4b (up 4.0% from 3Q 2023). Net income: €2.96b (up 54% from 3Q 2023). Profit margin: 10% (up from 6.8% in 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 35%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 09Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: €0.42 (up from €0.31 in 2Q 2023). Revenue: €29.0b (up 4.1% from 2Q 2023). Net income: €2.09b (up 36% from 2Q 2023). Profit margin: 7.2% (up from 5.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.0%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Reported Earnings • May 19First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: EPS: €0.40 (up from €0.34 in 1Q 2023). Revenue: €28.6b (flat on 1Q 2023). Net income: €1.98b (up 19% from 1Q 2023). Profit margin: 6.9% (up from 5.9% in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Upcoming Dividend • Apr 04Upcoming dividend of €0.77 per shareEligible shareholders must have bought the stock before 11 April 2024. Payment date: 15 April 2024. Payout ratio is on the higher end at 94%, however this is supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (3.2%).
New Risk • Feb 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.6% Last year net profit margin: 6.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (107% net debt to equity). Dividend is not well covered by earnings (94% payout ratio). Profit margins are more than 30% lower than last year (3.6% net profit margin).
Reported Earnings • Feb 26Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: €0.82 (down from €1.52 in FY 2022). Revenue: €114.7b (down 2.0% from FY 2022). Net income: €4.09b (down 46% from FY 2022). Profit margin: 3.6% (down from 6.5% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 31%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Feb 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 8.7% per year for the foreseeable future. Minor Risk High level of debt (105% net debt to equity).
공시 • Feb 16Deutsche Telekom and Brain.ai Unveils Revolutionary App-Less Phone At Mobile World CongressBrain.ai (also known as Brain Technologies Inc.) and Deutsche Telekom announced that they will unveil a new app-less phone that humanizes how people interact with their devices, powered by Brain.ai’s Natural AI interface. Brain.ai is an artificial intelligence company with a mission to make computers an extension of minds. Deutsche Telekom is one of the world’s leading integrated telecommunications companies. Brain and Deutsche Telekom will make the announcement at Mobile World Congress 2024 in Barcelona, demoing the visionary AI phone together. Natural AI dynamically creates interfaces on-demand, replacing the need for countless apps. Like a concierge, Natural AI takes over tasks and takes care of the details. Brain and Deutsche Telekom will announce and demo the new phone on stage on February 26, at Deutsche Telekom’s booth - Hall 3 at Booth 3M31. Today's software and apps operate on predefined pathways, with programmers establishing fixed connections from user interfaces to backend functionalities. Lacking the context of these connections made by humans, today’s software cannot dynamically adjust or adapt to human needs in real-time, nor can they learn from past connections to adapt to future needs they've not seen before. The AI phone Brain.ai is presenting together with Deutsche Telekom is breaking the paradigm–with an app-free interface that predicts and generates the next interface contextually, flowing with thoughts.
Major Estimate Revision • Feb 03Consensus EPS estimates increase by 18%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €2.47 to €2.93. Revenue forecast steady at €111.6b. Net income forecast to grow 94% next year vs 16% growth forecast for Telecom industry in Germany. Consensus price target broadly unchanged at €26.99. Share price was steady at €22.68 over the past week.
공시 • Jan 09Deutsche Telekom AG (XTRA:DTE) commences an Equity Buyback Plan, under the authorization approved on April 1, 2021.Deutsche Telekom AG (DB:DTE) commences share repurchases on January 3, 2024, under the program mandated by the shareholders in the Annual General Meeting held on April 1, 2021. As per the mandate, the company will repurchase its own shares, such that, at no time it’s holding in own shares represent more than 10% of its issued share capital. The repurchases will be made either on the stock exchange or through a public offer to all shareholders or a public invitation to make a purchase offer. If the shares are acquired on the stock exchange, the repurchase price (excluding transaction costs) may not be more than 10% above or 20% below the market price of the shares determined by the opening auction on the trading day on which the contractual transaction was concluded in the Xetra trading system of Deutsche Börse AG (or a subsequent system). If the shares are purchased through a public purchase offer presented to all shareholders, the purchase price offered, or the limits of the purchase price range offered per share (excluding transaction costs) may not be more than 10% above or below the average market price of the share between the 9th and 5th trading day before the date of publication of the offer. The repurchased shares will be used to fulfill option and/or conversion rights and obligations from convertible bonds and/or bonds with warrants issued, either directly or through a company. The program will be valid till March 31, 2026. As of February 26, 2021, the company has 4,761,458,596 shares issued. On January 2, 2024, the company announced a share repurchase program. Under the program, the company will repurchase up to €2,000 million worth of its shares. The purpose of the program is to partially offset the dilutive effect of the 2021 capital increase. The shares repurchased will be retired. The program will be carried out in several tranches and until December 31, 2024. On January 2, 2024, the company announced a share repurchase program. Under the 1st tranche of the program, the company will repurchase up to 25,000,000 shares, for €550 million. The repurchases will commence from January 3, 2024 and will run until April 4, 2024.
Reported Earnings • Nov 13Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: EPS: €0.39 (up from €0.30 in 3Q 2022). Revenue: €28.2b (down 4.8% from 3Q 2022). Net income: €1.92b (up 31% from 3Q 2022). Profit margin: 6.8% (up from 5.0% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.3%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 13% per year.
공시 • Nov 13Deutsche Telekom AG, Annual General Meeting, Apr 10, 2024Deutsche Telekom AG, Annual General Meeting, Apr 10, 2024, at 10:00 Central European Standard Time.
Major Estimate Revision • Nov 10Consensus EPS estimates increase by 28%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €3.17 to €4.06. Revenue forecast steady at €111.7b. Net income forecast to grow 110% next year vs 12% growth forecast for Telecom industry in Germany. Consensus price target broadly unchanged at €25.71. Share price was steady at €21.44 over the past week.
공시 • Nov 04Deutsche Telekom AG Plans Higher Dividend for 2023The Board of Management of Deutsche Telekom AG plans to propose to the annual shareholder meeting to increase the dividend for the 2023 financial year to 0.77 euros per dividend-bearing share, up from 0.70 euros per share for the 2022 financial year.
공시 • Oct 17Deutsche Telekom Appoints Ferri Abolhassan as the New Member of the Executive Board, Effective January 1, 2024Deutsche Telekom has appointed Ferri Abolhassan as the new member of the executive board, responsible for T-Systems, effective on 01 January 2024.
공시 • Oct 07Deutsche Telekom and Mavenir Unveil Advancements in 5G Standalone Network Slicing Service OpportunitiesMavenir together with Deutsche Telekom announced significant advancements across two projects both focused on progressing monetisation opportunities enabled by 5G standalone network slicing technologies and powered by Mavenir’s cloud-native Converged Packet Core. 5G Live Video Production Service, with RTL Deutschland, for stable broadcasting of live events using 5G standalone and network slicing technologies. This new service, now commercially available from Deutsche Telekom, allows professional video or media production companies to transmit live HD video streams reliably over the 5G network, even without special equipment (e.g. satellite van). To further increase the service reach, this use case can also be extended to mobile journalism, where regular consumers can transmit spontaneous video production using their own smartphones. Demonstration of a multi-domain orchestration proof-of-concept (PoC) with open APIs for 5G dynamic network slicing services on-demand. The collaborative PoC illustrates the ease with which businesses can submit a service request through Deutsche Telekom's customer interface, initiating the setup of a protected, tailored 5G network slice that assures superior Quality of Service (QoS) tailored to a customer’s specific connectivity needs. The complete customer journey from the moment an order is placed, to the translation of that order into precise deployment and configuration details for network functions, results in the activation of a dedicated end-to-end network slice with a custom Service Level Agreement (SLA). Network Slicing solution demonstrated by Deutsche Telekom for the multi domain orchestration PoC enables enterprises to book a network slice for video production or any other use case, based on the slice availability at their location. The entire network slice lifecycle is automated, from ordering to instantiation to configuration to management. The business support system (BSS) takes the customer order and invokes the slice manager/orchestrator. The Mavenir Digital Cloud Automation (MDCA), which serves as a network function management function (NFMF), exposes REST API to the slice orchestrator to receive slice creation and configuration requests. To enable seamless integration with 3rd party orchestrators, Mavenir made the API specification publicly available. The MDCA which is Mavenir’s CICD framework, uses GitOps practices to automate the creation and configuration of the slice. As part of this procedure, the required network function (NF) for the slice is instantiated, the slice-specific and other dependent NFs are configured. Once the slice is activated, the slice specific KPIs are sent to the operations support system (OSS) layer. This enables monitoring of the network slice's performance, and any feedback action to be taken for Slice Assurance follows the same path as creation i.e. via MDCA. The 5G Live Video Production Service and the Multi-Domain Orchestration PoC was implemented using Mavenir’s cloud-native Converged Packet Core components and the MDCA serving as the NFMF. Mavenir’s end-to-end network slicing solution comprising of RAN, Core, Mavenir Digital Enablement (MDE serving as the BSS), and MDCA based Automation suite provides the same customer journey and slice lifecycle management as that of the Deutsche Telekom solution. MDE exposes TMF based Open APIs easing the integration with third-party management interfaces. This solution provides several benefits to CSPs, consumers and enterprises, including: Increased agility and flexibility: Businesses can quickly and easily deploy and manage network slices to meet their specific needs. Improved efficiency and cost savings: Businesses can optimise their network resources by using network slices for specific applications or use cases. Enhanced security and isolation: Network slices can be isolated from each other to improve security and performance. New revenue opportunities: Businesses can offer new and innovative services to their customers by using network slicing.
Major Estimate Revision • Aug 19Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €2.77 to €3.14. Revenue forecast steady at €111.4b. Net income forecast to grow 96% next year vs 0.2% growth forecast for Telecom industry in Germany. Consensus price target broadly unchanged at €25.72. Share price was steady at €19.01 over the past week.
공시 • Jul 24+ 4 more updatesDeutsche Telekom AG to Report Q4, 2023 Results on Feb 23, 2024Deutsche Telekom AG announced that they will report Q4, 2023 results on Feb 23, 2024
Major Estimate Revision • Jul 23Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €2.42 to €2.74. Revenue forecast steady at €112.0b. Net income forecast to grow 142% next year vs 1.4% decline forecast for Telecom industry in Germany. Consensus price target broadly unchanged at €25.89. Share price was steady at €19.67 over the past week.
공시 • Jun 09Deutsche Telekom Has Appoints Wolfgang Metze as Its New Managing Director for Private Customers in Germany and Member of the Management Board of Telekom DeutschlandDeutsche Telekom has appointed Wolfgang Metze as its new managing director for private customers in Germany, effective from 01 August. Metze will also become a member of the management board of Telekom Deutschland. He will report directly to the Telekom Deutschland MD Srini Gopalan.
Reported Earnings • May 16First quarter 2023 earnings released: EPS: €0.34 (vs €0.78 in 1Q 2022)First quarter 2023 results: EPS: €0.34 (down from €0.78 in 1Q 2022). Revenue: €28.5b (flat on 1Q 2022). Net income: €1.67b (down 57% from 1Q 2022). Profit margin: 5.9% (down from 14% in 1Q 2022). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 17% per year.
Major Estimate Revision • May 14Consensus EPS estimates increase by 36%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €1.44 to €1.96. Revenue forecast steady at €113.0b. Net income forecast to grow 64% next year vs 4.7% growth forecast for Telecom industry in Germany. Consensus price target broadly unchanged at €26.15. Share price was steady at €21.66 over the past week.
Upcoming Dividend • Mar 30Upcoming dividend of €0.70 per share at 3.2% yieldEligible shareholders must have bought the stock before 06 April 2023. Payment date: 12 April 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (3.2%).
Major Estimate Revision • Mar 02Consensus EPS estimates increase by 11%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from €115.9b to €114.5b. EPS estimate rose from €1.35 to €1.50. Net income forecast to shrink 8.9% next year vs 0.1% decline forecast for Telecom industry in Germany. Consensus price target broadly unchanged at €25.07. Share price was steady at €21.15 over the past week.
Reported Earnings • Feb 25Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: €1.52 (up from €0.82 in FY 2021). Revenue: €117.1b (up 6.0% from FY 2021). Net income: €7.56b (up 90% from FY 2021). Profit margin: 6.5% (up from 3.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 26%. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
