Release of 10.02.2015

Results for the Full Year 2014

Today the Telekom Austria Group (VSE: TKA, OTC US: TKAGY) announces its results for the full year 2014, ending 31 December 2014.

Highlights
  • Group revenue decline of 4.0% as strong performance in Belarus and the Additional Markets segment partly mitigate losses in Austria, Bulgaria and Croatia
  • Stable Group EBITDA comparable, primarily driven by reduced operating expenses in Austria despite net negative one-off effects (EUR -31.5 mn net)
Austria
  • Slowdown in monthly fee and traffic revenue decline to 3.6% as ARPU grows
  • Negative regulatory effects of EUR 77.0 mn on revenues
  • Drastic reduction in SACs and SRCs results in EBITDA comparable growth of 1.4%
CEE
  • Inflation-linked price increases deliver strong operational results in Belarus
  • Macro and competitive pressure weighs on results in Bulgaria and Croatia despite positive fixed-line revenue contributions
  • Higher equipment revenues drive Additional Markets segment growth

  • Group outlook for 2015 (except for Belarus on a constant currency basis): Revenue growth of approx. +2.0%, CAPEX* of EUR 700-750 mn, intended dividend of EUR 0.05/share**

in EUR millionQ4 2014Q4 2013***% change1-12 M 20141-12M 2013***% change
Revenues 1,030.3 1,055.7 -2.4% 4,018.0 4,183.9 -4.0%
EBITDA comparable 252.1 262.3 -3.9% 1,286.1 1,287.4 -0.1%
Operating income -39.8 -26.6 n.m. -3.0 318.2 n.m.
Net income -48.9 -107.1 n.m. -185.4 52.1 n.m.
Cash flow generated from operations 227.4 262.0 -13.2% 901.4 1,051.6 -14.3%
Earnings per share (in EUR) -0.10 -0.24 n.m. -0.46 0.07 n.m.
Free cash flow per share (in EUR) -0.10 -2.31 n.m. 0.34 -1.62 n.m.
Capital expenditures 284.9 1,286.1 -77.8% 757.4 1,779.1 -57.4%

 

in EUR million31 Dec 201431 Dec 2013% change
Net debt**** 2,693.3 3,758.7 -28.3%
Net debt / EBITDA comparable (12 months)**** 2.1 2.9 -28.3%

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 taxes, depreciation and amortisation, restructuring and impairment charges.

* Does not include investment in spectrum and acquisitions.
** Intended proposal to the Annual General Meeting 2015
*** The 2013 comparison period was adjusted according to IAS 8, see page 29 for details.
**** As of 31 December 2014 long-term financial investments, instalment sales receivables and financial leasing are no longer included in the calculation of net debt; comparative figures have been restated accordingly.

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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