Release of 13.02.2024

Results for Q4 and the full year 2023

Earnings Update Q4 2023_en
Earnings Update Q4 2023_en

This press release has: 1 Document

Highlights Q4 and full year 2023

  • FY 2023:
  • 4.9% total revenue growth, driven by service revenue growth in all markets on CCY
  • 4.7% EBITDA growth; EBITDA adjusted grew by 5.1% as negative FX effects and higher restructuring costs levelled out with positive one-offs
  • Net result increased by 1.8 % to EUR 646 mn
  • Net debt ex leases/EBITDAaL stood at 0.4x at year-end 2023, net debt/EBITDA at 1.3x
  • CAPEX increased by 16 % to EUR 1.093 mn due to investments in spectrum (EUR 133 mn)
  • Free cash flow of EUR 354 mn in FY 2023 (EUR 603 mn in 2022)
  • Mobile subscriber growth of 5.6% y-o-y, RGU increase of 1.1% y-o-y
  • Q4 2023: Total revenues +2.3% (+5.1% in CCY), EBITDA before restructuring, one-offs and FX up +7.3% (reported: +11.4%)
  • Bulgaria acquired spectrum in 700 Mhz and 800 Mhz frequency bands in Q4 2023
  • Credit rating upgrade in December 2023: A1 Group upgraded by Moody’s from Baa1 to A3, outlook stable
  • Top ESG ratings: Sustainalytics’ 2024 ESG Top-Rated Companies List and CDP’s A list in 2024
  • Dividend proposal for FY 2023: Increase of 13% to EUR 0.36 per share (2022: EUR 0.32)
  • Outlook 2024: Total revenue growth of 3-4% y-o-y, CAPEX excl. spectrum of EUR 800 mn
  • Ambitions 2024-2026:
  • 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 Q4 2023.

Various materials on Q4 and the full year 2023 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.
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