Picture Consensus


Once a quarter Deutsche Telekom compiles a consensus for the then upcoming results and future years.

The consensus is the median of all available and meaningful estimates from equity analysts on Deutsche Telekom's future financials.

The following consensus numbers are as of July 23, 2018, 17 days before the Q2 results.

Group revenues          18.561            74.805            77.356            79.462            81.271            82.982  
Adj. Group EBITDA            5.843            22.816            23.932            24.778            25.719            26.754  
Group Cash Capex (w/o Spectrum)            2.998            12.251            12.296            12.358            12.395            12.478  
FCF before dividends            1.487              6.014              6.807              7.538              8.202              9.163  
Net income adjusted            1.370              4.785              5.306              5.828              6.412              7.347  

For further details like
- estimates for the segments
- the highest and lowest estimate 
including the number of estimates contained in the average, the highest and lowest estimate as well as the standard deviation please see the following detailed documents: 
Consensus (pdf, 354.0 KB)
Consensus in excel format (xlsx, 93.4 KB)

This document has been issued by Deutsche Telekom AG for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding our revenues, earnings and business developments. Such estimates and forecasts cannot be independently verified by reason of the subjective character. Deutsche Telekom gives no guarantee, representation or warranty and is not responsible or liable as to its accuracy and completeness.

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Second quarter 2018

On August 9, 2018 Deutsche Telekom published its financial results for the second quarter 2018.

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