euro adhoc: Telekom Austria AG
Quarterly or Semiannual Financial
Statements
Results for the Financial Year 2004
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
16.03.2005
- Group revenues increase by 2.2% to EUR 4,056.3 million - Group operating income rises by 22.4 % to EUR 452.7 million - Consolidated net income increases by 69.4 % to EUR 227.3 million - Consolidated net debt declines by EUR 663.4 million to EUR 1,973.9 million compared to the end of December 2003 - Increasing revenues and operational turnaround in the wireline business segment - Subscriber numbers, revenues and earnings continue to grow in all companies of the wireless segment
in EUR millions 4Q 4Q % FY FY %
04 03 change 2004 2003 change
Revenues 1,025.1 1,018.5 0.6% 4,056.3 3,969.8 2.2%
Revenues excl. third
party value added 1,025.1 1,018.5 0.6% 4,056.3 3,923.9 3.4%
services revenues*
Operating income 40.9 14.2 188.0% 452.7 369.8 22.4%
Net income 25.0 -15.6 - 227.3 134.2 69.4%
Adjusted EBITDA** 318.0 307.1 3.5% 1,568.8 1,509.8 3.9%
Earnings per share 0.05 -0.03 - 0.46 0.27 70.5%
(in EUR)
Capital expenditures 241.6 258.6 -6.6% 548.2 599.7 -8.6%
in EUR millions Dec. 31, 2004 Dec. 31, 2003 % change
Net debt 1,973.9 2,637.3 -25.2%Based on these results the management board of Telekom Austria will recommend to the annual general assembly the payment of a dividend of EUR 0.24 per share, compared EUR 0.13 last year.
For the financial year 2005 Telekom Austria Group expects at least a flat development of revenues and adjusted EBITDA, with growth in the wireless segment compensating for the decline in the wireline segment. Operating income is expected to grow further due to the continued decline in depreciation and amortization. Given the lower tax burden as a result of the tax reform and a decline in interest expense, net income is expected to rise by approximately 25%. The pay-out ratio should be raised to 65% of net profit.
* For comparative purposes FY 2003 has been adjusted to reflect the accounting change for third party value added services in 4Q 03. ** Adjusted EBITDA is defined as net income excluding interest, taxes, depreciation, amortization, impairment charges, dividend income, equity in earnings of affiliates, other non-operating income/expense, minority interests and the cumulative effect of changes in accounting principles. This equals operating income before depreciation, amortization and impairment charges.
The full quarterly report and further information is available on our website under www.telekom.at/ir
end of announcement euro adhoc 16.03.2005 06:28:00
Further inquiry note:
Martin Bredl
Telekom Austria Public Relations
Phone: +43 (0) 59059 1 11001
mailto:martin.bredl@telekom.at
Hans Fruhmann
Investor Relations Telekom Austria
Tel.: +43 (0) 59059 1-20917
mailto:hans.fruhmann@telekom.at
Branche: Telecommunications Equipment
ISIN: AT0000720008
WKN: 720008
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing
New York / official dealing