Release of 12.07.2022

Results for the Second Quarter and First Half 2022

This press release has: 3 Documents
  • Total revenues increased by 3.7%, as service revenue growth achieved in all the markets more than compensated for slightly lower equipment revenues.
  • Equipment revenues declined, driven by the Bulgarian segment where the comparison period was positively impacted by a public customer deal and to a lesser extent by the Belarusian segment following a lack of high-value handsets.
  • Mobile service revenues increased by 8.0% due to the solid performance of the mobile core business, improved roaming results as well as earlier implemented inflation-linked price adjustments.
  • Fixed-line service revenues rose by 1.5% on the back of solid solution and connectivity business which more than compensated for lower interconnection revenues.
  • The number of mobile subscribers rose by 4.3%, driven by the higher number of M2M subscribers as well as the higher number of mobile WiFi routers.
  • The Internet@home customer base grew by 4.9%, mainly driven by mobile WiFi routers but also high-bandwidth broadband RGUs.
  • Group total RGUs increased by 1.0% as growth in broadband subscribers outweighed the decline of voice RGUs.
  • Roaming benefited results in Q2 2022 (positive impact yoy: ~ 1% of revenues; ~ 2.5% of EBITDA) amidst increased travel activities in the footprint, especially in Austria and Croatia.
  • Group EBITDA before restructuring charges grew by 6.3% (reported: 6.8%) as higher service revenue more than compensated for increased core OPEX. Excluding FX and one-off effects, Group EBITDA before restructuring charges grew by 5.5%.
  • In Austria, EBITDA before restructuring charges increased by 3.1% (reported: 3.7%) owing to the successful translation of service revenues as total costs and expenses remained flat.
  • EBITDA in international operations rose by 10.3% with growing numbers in almost all segments and in particular strong contribution from Bulgaria and Belarus. Excluding FX and one, off effects, EBITDA in international operations grew by 8.3%.
  • Net result improved by 33.6% year-on-year in the second quarter of 2022, as better operational result and better financial result more than compensated for higher income tax expense.
  • A EUR 750 mn bond was repaid from existing cash and proceeds from bank loans on April 4, 2022.

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.