Results for Q1 2024



Highlights Q1 2024



Q1 2024:




Total revenues rose by 0.7%, driven by service revenue growth (+3.1% yoy) in local currency in all markets except Slovenia, offsetting strong decline in equipment revenues (-9.8% yoy)






Service revenue growth supported by solutions & connectivity and mobile business but impacted by negative currency effect, declining interconnection and fixed voice business






EBITDA up 4.2% in comparison to Q1 2023, despite higher core OPEX driven mainly by higher workforce and product related costs






Excluding negative FX effects, total revenues and EBITDA excl. restructuring rose by 2.2% and 5.7% respectively






Spectrum acquisition in Austria: A1 acquired in March 2024 frequencies in the 26 GHz spectrum as well as additional regional frequencies in the 3.5 GHz spectrum






Outlook confirmed for FY 2024: 3-4% revenue growth, CAPEX (excl. spectrum) of ~EUR 800 mn




Ambitions 2024-2026 unchanged:




Revenue growth of 3-4% per year






EBITDA growth of 4-5% per year






CAPEX of EUR 2.8 bn plus frequencies



Video clip: The Management Board of A1 Group presents the results of Q1 2024.

Various materials on Q1 2024 are available at: https://a1.group/de/investor-relations-home/ergebnis-center/