DT Will Pay Record Dividends

Deutsche Telekom will distribute a dividend of €0.90 per share for 2024. This would be the highest payment in its history. DT CEO Tim Hoettges hailed another record period for the operator in an earnings statement for 2024 and the final quarter.

He said the company was growing across all business areas. “Our flywheel, at the center of our strategy, is spinning and generating the momentum we need to keep building on the successes of 2024 in 2025.” The planned dividend payment is subject to approval from relevant bodies and the company is also planning up to €2 billion in share buybacks this year.

In 4Q24, revenue came in at €30.1 billion, an increase of 5.3% YoY following strong net customer additions in the US, growth across its fiber operations in the home market of Germany, and gains in Europe. Net profit hit €4.2 billion, swinging back after a loss of more than €1 billion for the same period in 2023.

Full-year revenue increased 3.4% to €115.8 billion, with profit down 37% to €11.2 billion. DT stated it added 1.2 million new customers in Germany, with an 11% increase in mobile customers and a 7.2% rise in TV customers. It reported 4Q24 numbers for its US unit late last month, with revenue increasing 8% to $21.8 billion.