EANS-News: Results for the First Quarter 2020 - ATTACHMENT
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Corporate news transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is responsible for the content of this announcement.
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Quarterly Report
Vienna -
* Group total revenues increased by 3.4 %, with growth in Bulgaria, Belarus and
Serbia and stable total revenues in Austria.
o Mobile service revenues rose in all markets except for Slovenia. Growth was
mainly driven by the ongoing strong demand for mobile WiFi routers.
o Fixed-line service revenues were stable, as growth in the international
markets outweighed a decline in Austria.
* Mobile contract subscribers rose by 5.0 % year-on-year, with growing or stable
numbers in all markets.
* Fixed-line RGUs decreased by 0.9 % year-on-year, as TV RGU growth mitigated
the decline of fixed-line voice and fewer low-bandwidth broadband RGUs in
Austria.
* Group EBITDA excluding restructuring charges increased slightly by 0.4 %
(reported: +1.7 %), driven by higher service revenues outweighing higher bad
debt expense following higher expected lifetime credit loss of accounts
receivables.
o In Austria, EBITDA excluding restructuring charges declined by 3.1 %, mainly
driven by roaming losses and lower retail fixed-line revenues following
promotional discounts, while OPEX increased mainly due to higher bad debt
allowance and costs related to the commercial 5G launch in January 2020.
o EBITDA in the international markets grew by 6.5% driven by Bulgaria,
Belarus, Croatia and Serbia.
* Net result grew by 3.9 % to EUR 89.3 mn in Q1 2020, as foreign currency
exchange losses in Croatia and Belarus were partly mitigated by lower tax
expenses due to the release of accruals regarding a decided tax case in
Bulgaria.
* Free cash flow increased from EUR 34.4 mn in Q1 2019 to EUR 104.7 mn in the
reporting period, mostly driven by lower working capital needs.
* Outlook 2020 suspended as it is still premature to give a precise estimation
on the impact of the Covid-19 pandemic.
Further inquiry note:
Martin Stenitzer
Head of Investor Relations
Telekom Austria AG
Phone:+43 50 664 23066
E-mail: martin.stenitzer@a1.group
end of announcement euro adhoc
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Attachments with Announcement:
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http://resources.euroadhoc.com/documents/287/5/10466065/1/TKA_Q1_2020_Results.pd
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issuer: Telekom Austria AG
Lassallestrasse 9
A-1020 Wien
phone: 004350664 47500
FAX:
mail: investor.relations@a1.group
WWW: www.a1.group
ISIN: AT0000720008
indexes: WBI, ATX
stockmarkets: Wien
language: English