Release of 30.01.2017

Results for the Full Year 2016

Today, the Telekom Austria Group (VSE: TKA, OTC US: TKAGY) announces its results for the full year and fourth quarter 2016, ending 31 December 2016.
 
 
Highlights Fourth Quarter 2016
 
  • Reported net result increased by 26.3% to EUR 106.5mn (Q4 2015: EUR 84.3 mn)
  • Group total revenues declined by 0.9% on a proforma1 and by 0.7% on a reported basis mainly driven by roaming
  • Group EBITDA declined by 17.7% on a proforma1 and by 17.6% on a reported basis
  • Proforma revenues and EBITDA rose by 1.6% and 2.4% y-o-y on an adjusted basis excluding:
  • EUR 10.5 mn positive one-off effects in total revenues in Austria in Q4 2015: Reversal of accruals in fixed-line and other revenues
  • EUR 10.0 mn positive one-off effect in total revenues in Slovenia in other operating income in Q4 2015: Agreement on settling mutual relations and business collaboration with Telekom Slovenije
  • Restructuring charges amounting to negative EUR 26.8 mn in Q4 2016 vs. positive EUR 16.6 mn in Q4 2015 due to a EUR 21.6 mn positive one-off effect in Q4 2015 stemming from a legal settlement and a negative impact in Q4 2016 resulting from a revaluation in Q3 2016
  • Negative FX effects in Q4 2016: EUR 7.1 mn and EUR 2.4 mn in revenues and EBITDA
  • On an operating level better service revenue trends and ongoing strong cost efficiencies managed to offset effects from the stepwise retail roaming abolition and higher equipment costs
  • Austria: Excluding one-off effects and restructuring charges EBITDA margin rose in spite of lower revenues due to decreases in roaming and equipment revenues
  • CEE: Continuing strong operational trends in Croatia and Belarus, first improvements in Bulgaria;
  • Group outlook2 2017: approx. +1% total revenues, CAPEX3 of approx. EUR 725 mn

in EUR million Q4 2016 reported Q4 2015 proforma % change
Total revenues 1,098.2 1,107.9 -0.9
EBITDA 275.1 334.1 -17.7
% total revenues 25.1% 30.2%  
EBIT 52.2 124.0 -57.9
% total revenues 4.8% 11.2%  
Net result (reported) 106.5 84.3  

 

Wireless indicators Q4 2016 reported Q4 2015 proforma % change
Wireless subscribers (thousands) 20,707.8 20,711.0 0.0
Postpaid 15,041.0 14,787.1 1.7
Prepaid 5,666.8 5,923.9 -4.3
MoU (per Ø subscriber) 308.7 304.5 1.4
ARPU (EUR) 8.6 8.7 -0.5
Churn (%) 2.2% 2.1%  

 

Wireline indicators Q4 2016 reported Q4 2015 proforma % change
RGUs 5,900.2 5,823.6 1.3

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


1 Proforma figures include M&A transactions made between the start of the comparison period and the end of the reporting period.
2 Outlook based on reported numbers
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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