Release of 11.02.2020
Key financial and operating highlights
- Group total revenues increased by 4.1 %, with flat service revenues in Austria and Slovenia and growth in all other markets.
- Mobile service revenues rose in all markets except for Slovenia and were mainly driven by the ongoing strong demand for mobile WiFi routers.
- Fixed-line service revenues continued to grow, with a steady increase in solutions and connec-tivity revenues in Austria and further strong performance in Bulgaria.
- Mobile contract subscribers rose by 4.4 % year-on-year, with growth in all markets except for Bulgaria, which was impacted by the removal of inactive SIM cards in Q1 2019.
- Fixed-line RGUs decreased by 1.0 % year-on-year, as TV RGU growth mitigated the decline of fixed-line voice and fewer low-bandwidth broadband RGUs in Austria.
- Group EBITDA excluding restructuring charges increased by 8.2 % (reported: +6.4 %), driven by higher service revenues.
- In Austria, EBITDA excluding restructuring charges rose slightly by 0.3 %, mostly enabled by operational efficiency.
- All international operations contributed to EBITDA growth, especially driven by Belarus, Serbia and Croatia.
- Net result declined from EUR 42.5 mn in Q4 2018 to EUR 35.3 mn in Q4 2019, driven by higher deferred tax expenses due to an appreciation of affiliates.
- Free cash flow increased from EUR 58.0 mn in Q4 2018 to EUR 89.4 mn in the reporting period, mostly driven by better operational performance and lower capital expenditures paid.
- Guidance 2020: approximately 1-2 % higher revenues and CAPEX at EUR 770 mn excl. spectrum investments and acquisitions.
More information can be found at
Interim Results.