Annual Report 2013

Supervisory Board’s report to the 2014 shareholders’ meeting.

Supervisory Board's report to the 2014 Shareholders' meeting.

For Deutsche Telekom AG, the 2013 financial year was marked by the strategic further development of business planning and the positive development of business in the United States, the persistently challenging macroeconomic environment in Southern and Eastern Europe, and ongoing high competitive and regulatory pressure. Despite these ongoing challenges, the Group generated good results in the 2013 financial year and fulfilled expectations. The Supervisory Board exercised its statutory functions as an advisory and supervisory body and gave the Board of Management its full support.