Release of 16.10.2018

Revenue Growth Continued: Results for the 3rd Quarter and First Nine Months 2018

This press release has: 1 Document
Thomas Arnoldner, CEO of the A1 Telekom Austria Group, commenting on the highlights of the first three quarters of 2018

"Our growth strategy continues to be successful, the operating performance in the first three quarters was solid. Revenues developed well from January to September, increasing by 1.3% (pro forma basis) and by 2.8% excluding foreign exchange and one-off effects. EBITDA on a pro forma basis decreased by 2.1%. Taking into account foreign exchange, restructuring and one-off effects, EBITDA increased by 2.4%. As expected, brand value amortization due to the Group-wide rebranding had a negative impact of around EUR 190 million on net result this year, without which we were able to achieve a stable development.

In the third quarter, we also saw revenue growth of 1.4% (on a pro forma basis). EBITDA fell by 4.9% on a pro forma basis, excluding restructuring effects the development was flat at 0.3%.

We are thus well placed to position our Group for the digital future in a highly competitive environment. The Group-wide roll-out of the A1 brand and thus the implementation of the single-brand-strategy is progressing rapidly and supports our position as a strong international group that is evolving from a convergent Telco to a provider of advanced IT, IoT, cloud and content solutions".
 
More information can be found in the attached earnings release or at Interim Results.