Release of 12.08.2013

Results for the First Half 2013 (Ad-hoc)

Vienna, 12 August 2013 - The Telekom Austria Group (VSE: TKA, OTC US: TKAGY) today announces its results for the first half 2013 ending 30 June 2013.

Highlights

  • Group revenues decline by 1.2% year-on-year driven by regulatory burden, fierce competition and macroeconomic headwinds in CEE
  • EUR 75.5 mn Group gross cost savings help mitigate higher upfront costs for customer acquisition, retention and marketing activities, and limit EBITDA comparable decline to 8.1%
  • Austria: Launch of new A1 and bob tariffs reflects high-value focus; higher subsidies squeeze EBITDA comparable margin to 29.4%
  • Bulgaria: Two-thirds of revenue decline caused by MTR cuts while price pressure continues amidst political woes
  • Croatia: Cost savings initiatives and one-time effects lead to a rise in the EBITDA comparable margin
  • Continued revenue and EBITDA comparable growth in Belarus and the Additional Markets segment
  • 2013 Group guidance refined: Revenues of approx. EUR 4.1 bn reiterated and CAPEX* outlook refined to EUR 650 - 700 mn

in EUR millionQ2 2013Q2 2012% change1- 6 M 20131- 6 M 2012% change
Revenues 1,043.2 1,063.2 - 1.9% 2,092.3 2,118.3 - 1.2%
EBITDA comparable 330,3 364,8 - 9.5% 667,2 726,2 - 8.1%
Operating income 105,5 99,1 6.4% 223,3 211,1 5.8%
Net income 52,5 34,0 54.2% 108,0 80,9 33.5%
Earnings per share (in EUR) 0,10 0,08 29.4% 0,21 0,18 16.4%
Free cash flow per share (in EUR) 0,29 0,22 30.6% 0,39 0,33 17.8%
Capital Expenditures 176,4 185,1 - 4.7% 325,4 330,9 - 1.7%
             
in EUR million       30 June 2013 31 Dec 2012 % change
Net Debt       2,843.4 3,248.9 - 12.5%
Net debt / EBITDA comparable (12 months)       2.0x 2.2x  

 

All financial figures are based on IFRS; if not stated otherwise, all comparisons are given year-on-year. EBITDA comparable is defined as net income excluding financial result, income tax expense, depreciation and amortization, restructuring and impairment charges.
* Does not include investments for licenses and spectrum nor acquisitions


Detailed financial figures:

Full quarterly report and further information

Results for the Second Quarter 2013


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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