Deutsche Telekom AG (MEX:DTE)
MXN 605.38 0 (0%) Market Cap: 3.18 Tn Enterprise Value: 4.50 Tn PE Ratio: 24.96 PB Ratio: 2.54 GF Score: 61/100

Q3 2024 Deutsche Telekom AG Earnings Call Transcript

Nov 14, 2024 / 10:59 AM GMT
Release Date Price: MXN460.66

Key Points

Positve
  • Deutsche Telekom AG (DTEGF) reported a strong financial performance with 4% service revenue growth, 7% core EBITDA growth, 28% free cash flow growth, and 16% adjusted earnings growth over the last nine months.
  • The company upgraded its full-year guidance, reflecting confidence in its performance across both the US and European markets.
  • Every segment contributed to growth, with notable performance in both the US and European segments, particularly in service revenue and EBITDA growth.
  • Deutsche Telekom AG (DTEGF) achieved significant progress in its fiber rollout, reaching over 19 million homes, with Germany on track to meet its target of beyond 10 million homes by year-end.
  • The company demonstrated strong ESG performance, reducing CO2 emissions and energy consumption by 5% and 3%, respectively, despite increasing data growth.
Negative
  • There is increased competitive pressure in the German market, particularly from competitors in Munich, which has been ongoing since January.
  • The company faces potential macroeconomic challenges, such as elevated insolvency levels, which could impact bad debt.
  • There is a sequential slowdown in broadband revenues due to a re-release of an accrual in the previous year, affecting growth comparisons.
  • The company anticipates headwinds in energy costs in the European segment for the fourth quarter, following a tailwind in Q3.
  • Concerns were raised about the potential impact of political instability in Germany on Deutsche Telekom AG (DTEGF)'s operations, although the company does not foresee immediate regulatory changes.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DTEGn.DE - Deutsche Telekom AG
Q3 2024 Deutsche Telekom AG Earnings Call
Nov 14, 2024 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon and welcome to Deutsche Telekom's Q3, 2024 conference call. As you can see with me today is our CFO Christian.

After our grand recent CMD, we keep it short and sweet today, Christian will first go through a few highlights and afterwards he will talk about the quarterly performance in our group financials. After this, we have time for Q&A and before I hand over to Christian, please pay attention to our usual disclaimer which you'll find in the presentation. And please also note that this conference will be recorded and uploaded to the internet. And with this, it's my pleasure to hand over to.

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Unidentified_2 [2]
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