Deutsche Telekom reported 2004 net income of EUR 4.6 billion, achieving its goal of continued profitable growth. Net revenue increased by 3.7 percent to EUR 57.9 billion in 2004 compared with EUR 55.8 billion in 2003.
Some highlights of the annual report:
- Free cash flow increased from EUR 8.3 billion to EUR 10.2 billion
- Net debt reduced by EUR 11.4 billion to EUR 35.2 billion. This was achieved primarily due to free cash flow and the sale of investments, such as the sale of a share in the Russian mobile communications company MTS.
- Total employee headcount was 247,559, compared with 251,263 a year earlier.
- DT's 2005 outlook calls for adjusted EBITDA to be between EUR 20.7 billion and EUR 21.0 billion
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