T-Systems Third Quarter 2007: Business customer unit increases international revenue by 8.3 percent in first nine months
International and domestic revenue trends differed at T-Systems for the third quarter. The international business, for example, reported a further revenue increase of 8.3 percent in the first nine months of 2007. In Germany, revenue fell by 10.3 percent year-on-year to EUR 7.0 billion in the first three quarters. This reflects the ongoing decline in prices, in both IT and telecommunications.
Frankfurt, noviembre 08, 2007
Total revenue in the Business Customers segment amounted to EUR 8.8 billion in the first nine months of 2007, down 7.0 percent compared with the same period in 2006. By contrast, net revenue decreased by just 3.1 percent to EUR 6.6 billion. The disproportionately large drop in internal revenue clearly demonstrates the contribution T-Systems makes to cutting the Group’s costs.
T-Systems’ adjusted EBITDA decreased by 18.3 percent in the first nine months to EUR 0.8 billion; the decline in the third quarter, however, was only 9.3 percent compared with the same period in 2006. The slowing of this decline in the course of the year shows that T-Systems has successfully implemented its various cost saving and efficiency enhancement programs.
New orders in the Business Customers segment dropped slightly by 4.6 percent in the first three quarters of the year. Nevertheless, T-Systems won new high-revenue orders in and outside Germany, e.g., with alphyra, the Irish specialist in transaction systems; Schufa, the service provider for credit information; the energy utility Rätia; and the aviation company Jet Aviation.
Business Customers at a glance*:
*Deutsche Telekom defines EBITDA as profit/loss from operations excluding depreciation, amortization and impairment losses.
For a detailed explanation of pro forma figures, special factors affecting EBITDA, adjusted EBITDA, the adjusted EBITDA margin as well as special factors affecting profit or loss and the adjusted net profit, please refer to the interim Group report.
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