Release of 24.04.2018

Results for the First Quarter 2018

Key financial and operating highlights in the first quarter 2018
  • Group total revenues and EBITDA increased by 1.2% and 0.2% respectively on a proforma(1) basis. On an adjusted basis(2), revenues and EBITDA grew by 4.0% and 6.7%.
  • Last year, revenues and EBITDA included positive one-off effects ( EUR 15.2 mn in EBITDA in Q1 2017) with the main effects in Austria.
  • Negative FX effects in Q1 2018: EUR 13.9 mn in total revenues and EUR 6.9 mn in EBITDA.
  • Operationally, total revenue growth was mostly driven by the increase in equipment revenues and service revenues with the latter growing in all markets except for Slovenia.
  • Solid fixed-line service revenue growth and mobile service revenues rose slightly without the negative roaming impact.
  • Adjusted EBITDA was driven by higher fixed-line service revenues, a better equipmen margin and cost efficiencies:
  • Investment into A1 Digital and its market entry in Germany were compensated by savings in other markets.
  • Austria: Higher fixed-line service revenues, a better equipment margin and cost efficiencies drove the adjusted EBITDA growth of 9.7%.
  • Reported net result grew by 30.2% in Q1 2018 excluding D&A from the amortisation of the brand in the amount of EUR 101.1 mn; reported net result of EUR 24.5 mn in Q1 2018 compared to EUR 96.4 mn in Q1 2017, still adversely impacted by the amortisation of the brand which started and was communicated in 2017.
  • Group outlook 2018 unchanged: total revenue growth of 1-2% (on a reported basis), CAPEX(3) of approx. EUR 750 mn.

Key performance indicators
Proforma view
in EUR million

Q1 2018 reportedQ1 2017 proforma% change
Total revenues 1,075.9 1,062.9 1.2
Service revenues 931.3 936.5 -0.5
Equipment revenues 123.7 102.8 20.3
Other operating income 20.9 23.6 -11.7
EBITDA 341.5 340.9 0.2
% total revenues 31.7% 32.1%  
Adjusted EBITDA 347.5 325.6 6.7
EBIT 51.6 127.1 -59.4
% total revenues 4.8% 12.0%  

 

Wireless indicatorsQ1 2018 reportedQ1 2017 proforma% change
Wireless subscribers (thousands) 20,640.4 20,621.7 0.1
Postpaid 15,703.0 15,074.4 4.2
Prepaid 4,937.4 5,547.4 -11.0
MoU (per Ø subscriber)* 339.3 323.1 5.0
ARPU (EUR) 8.4 8.5 -0.7
Churn (%) 1.8% 2.0%  

 

Wireline indicatorsQ1 2018 reportedQ1 2017 proforma% change
RGUs 6,034.7 6,076.4 -0.7

If not stated otherwise, all financial figures are based on IAS 18; all comparisons are given year-on-year. EBITDA is defined as net income excluding financial result, income taxes, depreciation and amortisation and impairment charges.

*) Minutes of Use no longer include M2M subscribers. Comparative figures have been adjusted accordingly.

1) Proforma figures include M&A transactions made between the start of the comparison period and the end of the reporting period.

2) Adjusted numbers are excluding one-off effects, FX effects and restructuring charges.

3) Does not include investment in spectrum and acquisitions.

 

Interim Results

 
 
 

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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