Release of 15.10.2024

Earnings Update Q3 and the first nine months 2024

  • Revenues: +2.1% versus Q3 2023, despite decline in equipment revenues.
  • Service revenues: +3.1%, driven by value-protecting measures and strong fixed-line performance in CEE.
  • OPEX: Operational increase in core OPEX resulting mainly from higher total workforce costs; higher restructuring costs almost levels out with one-off effects.
  • EBITDA: +5.1% to EUR 548 mn with a margin improvement from 39.3% to 40.4%.
  • Net result: 1-9M: 1.3% lower on a proforma basis due to higher D&A and 11.8% lower on a reported basis due to additionally higher D&A for towers.
  • CAPEX: 21.2% lower yoy in 1-9M due to lower spectrum CAPEX and CAPEX savings.
  • Free Cashflow: +28.7% in 1-9M 2024 due to lower CAPEX and better operational result.
  • ESG Rating: A1 received Gold medal and is ranked top 3% in Ecovadis sustainability rating.
  • 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 Q3 and 1-9M of 2024

Various materials on Q3 and the first nine months of 2024 are available at: https://a1.group/investor-relations/results-center/

 

 


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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.