Tuesday, 17 October 2017

Telekom Austria posts Q1 numbers

Telekom Austria
Thursday 08 May 14

Today the Telekom Austria Group announces its results for the first quarter of 2014, ending 31 March 2014. Highlights: • 7.0% year-on-year revenue decline driven by Austria and FX translation in Belarus…

Today the Telekom Austria Group announces its results for the first quarter of 2014, ending 31 March 2014.

Highlights:

• 7.0% year-on-year revenue decline driven by Austria and FX translation in Belarus; better trends in Bulgaria 

• EUR 56.6 mn OPEX savings driven by lower subsidies in Austria

• Rising EBITDA-comparable margins in Austria and Bulgaria

• Austrian tariff initiatives continue with focus on existing contracts

• Croatian mobile remains challenging while growth in the Additional Markets segment continues

• Regulation shaves EUR 44.3 mn and EUR 14.4 mn off revenues and EBITDA comparable respectively

• Spectrum renewal in Bulgaria and spectrum auction in Slovenia result in total cost of EUR 94.5 mn

• Group guidance 2014 unchanged: ‎Revenues approx. -3%, CAPEX approx. 700 mn, dividend EUR 0.05

• Croatia: Significant risk of potential increase of annual spectrum fees

• Syndicate agreement signed on 23 April will trigger mandatory takeover offer by mid-May (expected)

 

All financial figures are based on IFRS; if not stated otherwise, all comparisons are given year-on-year. EBITDA comparable is defined as net income excluding financial result, income tax expense, depreciation and amortisation, restructuring and impairment charges.
 


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