Ad-hoc | 10 March 2003 07:15

Deutsche Telekom AG english

Deutsche Telekom Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Hanover/Bonn, 10. March 2003 Deutsche Telekom brings 2002 to a close with a strong 4th quarter Group revenue for full year increased by 11.1 % to EUR 53.7 billion Net debt reduced from EUR 64.3 billion in the third quarter of 2002 to EUR 61.1 billion -Group EBITDA (adjusted for special influences) increased from EUR 15.1 billion to EUR 16.3 billion -Net loss EUR 24.6 billion as a result of high level of nonscheduled write-downs -T-Com increased revenue by 2.6 % to EUR 30.2 billion -T-Mobile increased EBITDA by almost 61 % to EUR 5.0 billion -T-Systems with weaker revenue but higher EBITDA -T-Online improved EBITDA by EUR 0.3 billion to plus EUR 0.2 billion EBITDA and EBITDA adjusted for special influences, net debt and free cash flow are pro forma figures that are not covered by the provisions of German or U.S. GAAP. They should not be viewed in isolation as an alternative to net income/loss, income/loss before taxes, operating income, net cash provided by operating activities or other Deutsche Telekom financial measures prepared in accordance with German or U.S. GAAP. For a detailed explanation and calculation of these figures, please refer to the information in the appendix to this press release “Reconciliation to pro forma figures”. All information given in this announcement is on the basis of preliminary, unaudited figures end of ad-hoc-announcement (c)DGAP 10.03.2003 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Revenue increased considerably by 11 % to EUR 53.7 billion. The strict debt reduction policy led to a considerably lower level of net debt of EUR 61.1 billion at year end. The net loss for the full financial year Amounted to around EUR 24.6 billion. This loss is mainly attributable to the one-time, non-cash, nonscheduled write-downs resulting from the strategic review in the third quarter of 2002. Development of Group revenue billions Dec 31 Dec 31 Change financial finacial change of EUR , 2002 2001 in % year 2002 year 2001 in% Net revenue 14.5 13.3 9.0 53.7 48.3 11.1 Net revenue 14.3 13.3 7.7 50.4 48.3 4.3 (excluding changes in the composition of the Group) International 5.2 4.3 20.9 18.4 13.2 7.8 Domestic 9.3 9.0 3.3 35.3 35.1 n.a. National Figures calculated and rounded on the basis of millions EBITDA excluding special influences increased considerably in fourth Quarter. Group EBITDA excluding special influences amounted to EUR 16.3 billion for the full 2002 financial year, almost EUR 1.2 billion or 7.8 % higher than in the previous year. EBITDA including special influences amounted to EUR 16.1 billion. The difference of around EUR 0.2 billion consists of EUR 0.5 billion relating to proceeds from the sale of shares (Satelindo and T-Online) and EUR 0.7 billion for restructuring expenses at T-Com and T-Systems and an additional accrual for pensions. Group EBITDA billions Dec 31 Dec 31 Change financial finacial change of EUR , 2002 2001 in %) year 2002 year 2001 in% EBITDA excl. 4.4 3.8 14.6 16.3 15.1 7.8 special influences EBITDA incl. 4.7 4.0 18.8 16.1 18.1 (10.8) special influences Figures calculated and rounded on the basis of millions Net loss for the full year at the same level as after nine months The Group’s net loss for the full 2002 financial year amounted to EUR 24.6 billion, only slightly higher than the net loss of EUR 24.5 billion recorded for the first nine months of the year. The increase in the net loss compared with the previous year is mainly attributable to the nonscheduled write-downs of EUR 21.4 billion resulting from the strategic review. Net loss billions Dec 31 Dec 31 Change financial finacial change of EUR , 2002 2001 in % year 2002 year 2001 in% Net loss (0.1) (2.5) 96.9 (24.6) (3.5) n.a. Net loss (0.5) (1.9) 71.0 (4.8) (4.7) (1.4) Excl. special influences Figures calculated and rounded on the basis of millions The prior-year figures shown have been adjusted in line with this definition to allow proper comparisons. Ende of part 1 of ad hoc announcement of Deutsche Telekom. Follows part 2 ——————————————————————————– WKN: 555750; ISIN: DE0005557508; Index: DAX, EURO STOXX 50 Listed: Amtlicher Markt in Berlin, Bremen, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, Stuttgart und München; EUREX; London, Amsterdam, NASDAQ Europe, Virtex, New York (ADR), Tokio 100715 Mär 03