Release of 08.05.2014

Ad-hoc: Results for the first quarter of 2014

Today the Telekom Austria Group (VSE: TKA, OTC US: TKAGY) 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)

 


in EUR millionQ1 2014Q1 2013% change
Revenues 975.9 1,049.0 -7.0%
EBITDA comparable 319.9 336.9 -5.0%
Operating income 97.4 117.8 -17.4%
Net income 40.8 55.5 -26.5%
Cash flow generated from operations 148.9 191.8 -22.4%
Earnings per share (in EUR) 0.08 0.11 -31.1%
Free cash flow per share (in EUR) 0.12 0.10 17.9%
Capital expenditures 99.4 149.0 -33.3%

in EUR million

31 Mar 201431 Dec 2013% change
Net debt 3,670.5 3,695.8 -0.7%
Net debt / EBITDA comparable (12 months) 2.9 2.9 0.6%

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.

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.

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