Release of 09.02.2021

Results for the 4th Quarter and Full Year 2020

TKA Consolidated Financial Statements 2020

This press release has: 4 Documents

Key financial and operating highlights

Group total revenues decrease of 1.2% driven by equipment revenues while service revenues remained flat despite heavy roaming losses (~2% on Group revenues) and negative FX effects.

Mobile service revenues declined only slightly by 0.7% on a Group level as growth in Austria, Bulgaria and Serbia almost compensated for the decline in Belarus and Slovenia.
Fixed-line service revenues rose by 0.5% as growth in Bulgaria and Slovenia outweighed declines in other CEE markets, while they remained flat in Austria.
Equipment revenues declined by 8.1%, due to a considerably lower number of sold devices following the year-end lockdown measures.

Mobile contract subscriber numbers rose by 5.1%, with growth in almost all markets.
Fixed-line RGUs decreased by 1.6%, as the group-wide growth in high-bandwidth broadband RGUs could not compensate for the decline in low-bandwidth broadband and fixed-line voice RGUs.
Group EBITDA before restructuring increased by 2.8% on the back of operational efficiencies

Excluding FX and one-off effects as well as restructuring charges EBITDA rose by 5.0%.
In Austria, successful cost saving measures together with higher service revenues translated into EBITDA before restructuring growth of 4.2%.
In the CEE markets, EBITDA excluding FX and one-off effects grew by 3.7% (reported: -1.2%) due to growth in Bulgaria, Serbia and North Macedonia.

Total CAPEX in the full year 2020 declined by 26.0% on Group-level. CAPEX in Austria was 13.4% lower. The CAPEX reduction was a decision taken early in 2020 to ensure flexibility in unstable times due to COVID-19.
In FY 2020, free cash flow increased by EUR 159.9 mn due to announced CAPEX cuts (EUR 131.3 mn less CAPEX paid) and better operational performance.
A1 Telekom Austria Group is currently working on developing alternatives to reap more benefits from its tower assets through a targeted management focus on internal efficiencies and higher tenancy ratios.
Outlook 2021: approximately 1% Group total revenue growth, approx. EUR 800 mn CAPEX excluding spectrum investments and acquisitions.

More information can be found at Interim Results.

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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.

TKA Consolidated Financial Statements 2020

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TKA Results Presentation Q4 2020

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TKA Q4 2020 Earnings Release

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Analyst FS Q4 2020

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Results for the 4th Quarter and Full Year 2020

TKA Consolidated Financial Statements 2020

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TKA Consolidated Financial Statements 2020

TKA Results Presentation Q4 2020

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Analyst FS Q4 2020