Consensus

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

The following consensus numbers are still as of February 3, 2025, 23 days before the Q4 results but will be updated for Q4 by first week of Feb latest.

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

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

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

Please see detailed time schedule for compilation of consensus

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