In 2016, the revenue gap between Deutsche Telekom and Europe's other leading telcos - Vodafone, Telefónica, Orange and Telecom Italia - widened significantly. Thanks to the performance of T-Mobile US, Deutsche Telekom's revenues climbed above 70 billion euros, while Vodafone, Telefónica and Telecom Italia saw their top line shrink slightly.
However, on other financial metrics, such as return on capital employed (ROCE) and net profit, Deutsche Telekom still trails behind some of its peers. And Vodafone's operations are generating a similar amount of cash to those of Deutsche Telekom, despite the revenue gap.
In 2016, the average ROCE among the big five telcos was 6%, an uptick from 5% in 2015, but down from almost 10% in 2010.
Pringle Media has just published a report tracking and comparing the key financial metrics of these five major telcos over the past seven years.