Deutsche Telekom (DTE) AGM 2026 summary

Opening remarks and agenda

• The AGM was opened with a welcome to shareholders, board members, and guests, outlining the agenda and organizational details, including voting procedures and access to documents.

• The meeting was held physically in Bonn, with full attendance from the management board and nearly all supervisory board members.

• Shareholders were informed about the process for speaking, asking questions, and voting, with a focus on efficiency and transparency.

Financial performance review

• Revenue increased by 4.2% to EUR 119.1 billion, adjusted EBITDA AL rose by 4.7% to EUR 44.2 billion, and adjusted net income grew by 3.97% to EUR 9.7 billion.

• Free cash flow reached EUR 19.5 billion, and earnings per share increased by 5.2% to EUR 2.

• The group remains on a growth trajectory, with strong performance in both Germany and the U.S., and T-Systems up 14.4%.

• The forecast for 2026 expects earnings up 6% to EUR 47.4 billion and free cash flow up 3% to EUR 19.8 billion.

Board and executive committee updates

• Several personnel changes occurred: Mr. Höttges was reappointed as CEO until 2028, Mr. Gopalan became CEO of T-Mobile U.S., Mr. Diehl joined the board for Germany, and Dr. Mudesir resigned, with Dr. Illek taking over his duties on an interim basis.

• Two new candidates, Dr. Dohmke and Dr. Herzig, were proposed and elected to the Supervisory Board, bringing expertise in AI and software.