Deutsche Telekom Posts €5.3 billion Net Loss in 2012

Bonn, Germany, Feb 28, 2013 — Deutsche Telekom, the German telecoms group, declared on Thursday it was able to achieve its financial targets for 2012. However, the company downplayed a year-end net loss of €5.3 billion (US$6.93 billion), which it attributed to an impairment loss of €7.4 billion (US$9.67 billion) in the third quarter over the planned merger of T-Mobile USA and MetroPCS.

Deutsche Telekom said Adjusted EBITDA for 2012 totalled €18 billion (US$23.54 billion), down €0.7 billion (US$0.915 billion), or 3.8 percent compared with 2011 and free cash flow of €6.2 billion (US$8.11 billion), exceeding the expected level of around €6 billion (US$7.84 billion).