Please activate JavaScript!
Please install Adobe Flash Player, click here for download

Deutsche Telekom AG - Interim Group report - January 1 to March 31, 2011

18 EBIT. EBIT in the Group from continuing operations decreased year-on-year by EUR 0.2 billion to EUR 1.2 billion in the first quarter of 2011, primarily due to the aforementioned effects. At EUR 2.2 billion, depreciation, amortization and impairment losses were at the same level as in the first quarter of 2010. Profit/loss before income taxes. Profit before income taxes from continuing operations decreased by EUR 0.2 billion to EUR 0.6 billion in the reporting period. The slight improve- ment in financial income/expense was not enough to offset the aforemen- tioned effects. While lower interest income and lower interest expenses can- celled each other out overall, this improvement was primarily attributable to other financial income/expense due to lower expenses from the translation of foreign currency transactions. Profit/loss from continuing operations. Profit from continuing operations decreased slightly in the reporting period to EUR 0.5 billion, primarily due to the aforementioned effects. In addition, income tax expense decreased by EUR 0.1 billion year-on-year in the first quar- ter of 2011, mainly as a result of the lower profit before income taxes. Addition- ally, the tax rate decreased year-on-year as the composition of profit before income taxes in terms of country-specific contributions changed. Profit/loss from discontinued operations. Profit from discontinued operations decreased by EUR 0.2 billion compared with the first quarter of 2010. For an explanation of the development of op- erations, please refer to the section on the United States operating segment under “Development of business in the operating segments.” In addition to the develop­ment presented there, an expense of EUR 0.1 billion from deferred taxes arose, which was allocated to discontinued operations. Net profit. We generated net profit of EUR 0.5 billion in the first quarter of 2011 compared with EUR 0.8 billion in the first three months of 2010, due to the aforementioned effects. Profit attributable to non-controlling interests remained almost un- changed against the prior-year quarter at EUR 0.1 billion.