Release of 02.02.2022

Results for the 4th Quarter and Full Year 2021

This press release has: 3 Documents
Key financial and operating highlights

  • Group total revenues increased by 4.7% year-on-year, driven by service revenue growth in all markets except Slovenia.
  • Equipment revenues were higher, as increases in all international markets, especially Belarus, more than outweighed volume-driven decline in Austria.
  • Mobile service revenues increased by 8.4% on a Group level, due to the solid performance of mobile core business, mobile WiFi routers, as well as a partial recovery of roaming results.
  • Fixed-line service revenues rose by 1.6% on a Group level, as solid growth in Bulgaria and Belarus more than compensated for the decline in Austria. Continued traction of solution and connectivity business added to this.
  • The Internet@home subscriber base grew by 5.0%, driven by mobile WiFi routers in all markets.
  • The number of mobile subscribers rose by 4.1%, driven by the higher number of M2M subscribers as well as the higher number of mobile WiFi routers in all markets.
  • Fixed-line RGUs increased slightly (+ 0.5%), as a growth in high-bandwidth broadband RGUs outweighed a decline of low-bandwidth broadband and fixed voice RGUs.
  • Roaming revenues grew in Q4 year-on-year (positive impact yoy: ~1 % of revenues; ~ 2 % of EBITDA versus approx. 2 % in EBITDA in Q3 2021) due to more travelling across the footprint, while still being below pre-COVID 19 levels.
  • Group EBITDA before restructuring charges grew by 8.8% (reported: 9.7%) as higher service revenues and improved equipment margin more than compensated for higher core OPEX. Excluding one-off and FX effects as well as restructuring charges, Group EBITDA increased by 9.4%.
    • In Austria, EBITDA before restructuring charges increased by 7.3% (reported: 8.7%) driven by higher service revenues, improved core OPEX and a better equipment margin.
    • Excluding FX and one-offs, EBITDA in international operations increased by 10.1% (reported +8.8%). Contribution was strong from Belarus and Bulgaria in particular.
  • Net result declined by 6.8% year-on-year in the fourth quarter of 2021, as solid operational performance could not fully compensate for higher income tax expenses.
  • Free cash flow declined in the quarter under review despite improved operational performance, due to capital expenditures recovery after the low 2020 comparable and higher income taxes paid.
  • Outlook 2022: close to 3% Group total revenue growth; approx. 15% y-o-y increase in CAPEX excluding spectrum investments and acquisitions.

More information can be found at Interim Results

Disclaimer for forward-looking statements:
This document contains forward-looking statements. These forward-looking statements are usually accompanied by words such as "believe", "intend", "anticipate", "plan", "expect" and similar expressions. Actual events may differ materially from those anticipated in these forward-looking statements as a result of a number of factors. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results or outcomes to differ materially from those expressed in any forward-looking statement. Neither A1 Telekom Austria Group nor any other person accepts any liability for any such forward-looking statements. A1 Telekom Austria Group will not update these forward-looking statements, whether due to changed factual circumstances, changes in assumptions or expectations. This report does not constitute a recommendation or invitation to purchase or sell securities of A1 Telekom Austria Group.