Release of 16.07.2024

Earnings Update Q2 and H1 2024

Highlights Q2 and H1 2024

This press release has: 1 Document
  •  Revenues: +1.3% versus Q2 2023, despite decline in equipment revenues.

  • Service revenues: +3.9%, driven by value-protecting measures and strong fixed-line performance in CEE.

  • OPEX: Included negative one-off effects totaling EUR 21 mn in Q2 2024, increase in core OPEX resulting mainly from higher total workforce costs.

  • EBITDA: +3.8% to EUR 504 mn with a margin improvement from 37.4% to 38.3%. +8.3% adjusted for one-offs, restructuring and FX.

  • Net result: +9.1% on a proforma basis in H1 2024 and -12.5% on a reported basis due to higher D&A for towers.

  • CAPEX: -20.8% yoy in H1 due to lower spectrum CAPEX and CAPEX savings.

  • Free Cashflow: +42.1% in H1 2024 due to lower CAPEX and better operational result.

  • Dividend: EUR 0.36/share (in total EUR 239 mn) paid to shareholders in July 2024.

  • Rating: In May 2024, S&P confirmed its credit rating for Telekom Austria AG with 'A-'.

  • Outlook confirmed: Total revenue growth of 3-4%, CAPEX ex. spectrum of around 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 Q2 and H1 of 2024

 

Various materials on Q2 and H1 2024 are available at: https://a1.group/investor-relations/results-center/

 

 


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.