Release of 26.04.2022

Results for the 1st Quarter 2022

Analyst FS Q1 2022

This press release has: 3 Documents

Key financial and operating highlights

Group total revenues increased by 2.7% year-on-year, driven by service revenue growth in all markets.
Equipment revenues decreased by 4.2%, as the market environment continued to be unchanged amidst a certain lack of high-value handset availability. A volume-driven decline in Bulgaria, Austria, and Belarus was only partly mitigated by the increase in Serbia.
Mobile service revenues increased by 5.5% on a Group level, due to the solid performance of the mobile core business, mobile WiFi routers, as well as further recovery of roaming results.
Fixed-line service revenues rose by 0.9% on a Group level, as solid growth of 9.5% in the international markets more than compensated for the decline in Austria. Continued traction of solution and connectivity business added to this, while EU IC regulation negatively weighed on revenues.
The number of mobile subscribers rose by 4.5%, driven by the higher number of M2M subscribers as well as the higher number of mobile WiFi routers in all markets.
The increase in mobile WiFi routers was also driving Internet@home higher, which grew by 4.5%.
Group total RGUs remained stable as the increase in broadband and TV subscribers offset the voice decline.
Roaming benefited results in Q1 2022 (positive impact yoy: ~ 1% of revenues; ~ 2 % of EBITDA versus ~negative 3% on EBITDA in Q1 2021) due to returning travelling across the footprint, especially in Austria.
Group EBITDA before restructuring charges grew by 7.9% (reported: 8.4%) driven by service revenue growth and the better equipment margin despite higher core OPEX.

In Austria, EBITDA before restructuring charges increased by 6.3% since higher service revenues and improved equipment margin offset higher core OPEX.
EBITDA in international operations increased by +8.9%. Growth throughout the footprint, with a particularly strong contribution from Belarus, Bulgaria and Serbia.

Net result improved by 20.0% year-on-year in the first quarter of 2022, as solid operational performance could more than compensate for higher income tax expenses.
Free cash flow increased in the quarter under review mainly due to the improved operational performance.
EUR 750 mn bond was repaid from existing cash and proceeds from bank loans on April 4, 2022.
Outlook 2022 confirmed: total revenue growth of close to 3%, CAPEX (ex. spectrum and acquisitions) increase of approx. 15% y-o-y. Outlook based on depreciation of BYN versus EUR of 5-10% (period average) in 2022.

Further information can be found here:
https://www.a1.group/en/investor-relations

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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.

Analyst FS Q1 2022

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TKA Q1 2022 Trading statement

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TKA Results Presentation Q1 2022

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Results for the 1st Quarter 2022

Analyst FS Q1 2022

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Analyst FS Q1 2022

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