Deutsche Telekom (DTE) AGM 2025 summary

Opening remarks and agenda

• Shareholders and representatives welcomed; meeting held in person at World Conference Center, Bonn, with full attendance of Supervisory and Management Boards.

• Agenda and management proposals published in advance; all relevant documents accessible online and at the venue.

• Organizational details provided for participation, voting, and Q&A; debate structured for efficiency.

Financial performance review

• 2024 marked a record year: revenue nearly EUR 116 billion (+3.4%), operating earnings EUR 43 billion (+6%), free cash flow EUR 19.2 billion (+19%), EPS EUR 1.90 (+19%).

• Dividend proposal of EUR 0.90 per share, a new record, with a total return of 38% for shareholders.

• Share buyback program of up to EUR 2 billion initiated; shares repurchased and partially canceled to offset prior capital increase.

• Company outperformed DAX, Euro Stoxx, and global telco peers.

Board and executive committee updates

• Mr. Höttges' contract extended to 2028; Mr. Gopalan moved to T-Mobile US as COO; Mr. Diehl appointed to Board of Management.

• Supervisory Board changes: new appointments include Rachel Empey and Natalie Knight, enhancing diversity and financial expertise.

• High attendance and active engagement in board meetings; strong cooperation between Supervisory and Management Boards.