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 February 5, 2018, 17 days before the Q4 results.

Q4 - 2017FY 2017FY 2018FY 2019FY 2020FY 2021
Group revenues   19.170     75.025     75.203     77.152     78.732     80.528  
Adj. Group EBITDA      5.247     22.452     22.883     24.046     25.006     25.777  
Group Cash Capex
(w/o Spectrum)
      2.681     11.907     11.821     11.936     12.037     12.113  
FCF before dividends      1.110        5.508        6.090        6.980        7.583        7.955  
Net income adjusted      1.083        4.402        4.923        5.371        6.207        6.830  

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, 198.6 KB)
Consensus in excel format (xlsx, 545.8 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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