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德国电信Deutsche Telekom(DTEGY)2025年第三季度业绩报告「OTC」(英文版)(42页).pdf

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1、Deutsche TelekomQ3 2025 resultsNovember 13,2025Connecting your worldDisclaimerThis presentation contains forward-looking statements that reflect the current views of Deutsche Telekom management with respectto future events.These forward-looking statements include statements with regard to the expect

2、ed development of revenue,earnings,profits from operations,depreciation and amortization,cash flows and personnel-related measures.You should consider them with caution.Such statements are subject to risks and uncertainties,most of which are difficult to predict and are generally beyond Deutsche Tel

3、ekoms control.Among the factors that might influence our ability to achieve our objectives are the progress of our workforce reduction initiative and other cost-saving measures,and the impact of other significant strategic,labor or business initiatives,including acquisitions,dispositions and busines

4、s combinations,and our network upgrade and expansion initiatives.In addition,stronger than expected competition,technological change,legal proceedings and regulatory developments,among other factors,may have a material adverse effect on our costs and revenue development.Further,the economic downturn

5、 in our markets,and changes in interest and currency exchange rates,may also have an impact on our business development and the availability of financing on favorable conditions.Changes to our expectations concerning future cash flows may lead to impairment write downs of assets carried at historica

6、l cost,which may materially affect our results at the group and operating segment levels.If these or other risks and uncertainties materialize,or if the assumptions underlying any of these statements prove incorrect,our actual performance may materially differ from the performance expressed or impli

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- **业绩增长**:2025年第三季度,德意志电信实现稳健增长,有机服务收入增长3.7%,调整后EBITDA增长4.4%,自由现金流增长6.8%。 - **美国业务**:T-Mobile US实现创纪录的季度增长,调整后EBITDA增长6.4%,自由现金流增长5.6%。 - **德国业务**:受2024年第三季度比较基数和成本分摊影响,德国业务收入下降1.8%,但调整后EBITDA增长0.1%。 - **网络建设**:德国光纤建设继续领先,截至2025年第三季度,光纤家庭覆盖量达到22.7百万户。 - **人工智能**:德意志电信推出工业AI云,与英伟达合作建立欧洲首个工业AI工厂。 - **财务状况**:调整后每股收益增长9.5%,自由现金流增长6.8%,净债务杠杆率在目标范围内。 - **股东回报**:计划在2025财年支付每股1.00欧元的股息,并计划进行高达20亿欧元的股票回购。
增长亮点揭秘?" "德电信AI赋能,数字化转型如何?" "德电信投资并购,未来展望如何?"
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