德国电信Deutsche Telekom（DTEGY）2025年第二季度财报电话会纪要「OTC」（英文版）（21页）.pdf

1、,Chief Financial Office,Head of Investor RelationsTimotheus Hottges,Chief Executive Officer,Analyst,J.P.Morgan,Analyst,Citigroup,Analyst,Bank of America,Analyst,New Street Research,Analyst,BNP Paribas Exane,Analyst,Bernstein,Analyst,Berenberg,Analyst,UBS,Analyst,Deutsche Bank,Analyst,RedburnQ2 2025

2、Earnings CallCompany ParticipantsChristian P.IllekHannes WittigOther ParticipantsAkhil DattaniCarl SmithDavid WrightJames RatzerJoshua MillsOttavio AdorisioPaul SidneyPolo TangRobert GrindleStephen MalcolmPresentationHannes Wittig BIO 4033762 Good afternoon,and welcome to Deutsche Telekoms Second Qu

3、arter 2025 Conference Call.(Operator Instructions)As you can see,with me today is our CEO,Tim Hottges;and our CFO,Christian Illek.As usual,Tim will first go through his media highlights,followed by Christian,whowill talk about the quarterly performance and our group financials.After this,we have tim

4、e forQ&A.Before I hand over to Tim,please pay attention to our usual disclaimer,which you will find in thepresentation.And please also note that this conference will be recorded and uploaded to theInternet.And now its my pleasure to hand over to Tim.Timotheus HottgesThank you,Hannes,and welcome to o

5、ur first half 2025 results call.We continue to deliverconsistent,reliable growth amidst the competition and the global tariff turmoil.We remain oncourse and we even slightly raised our guidance for 2025.As usual,I will start with the year-to-date view for the group before Christian will dive into th

6、e details of our second quarter results.Our growth momentum has remained strong and steady.Our flywheel strategy keeps working.Inthe first six months of 2025,we delivered 3.7%organic service revenue growth,5.2%organicEBITDA growth,17.8%growth in free cash flow and 6.4%growth in adjusted earnings per