Release of 13.02.2024

Solid financial year 2023 for A1 Group: 4.9% revenue growth and 4.7% EBITDA growth

  • Group revenues of EUR 5.3 billion
  • Service revenues up in all markets (in local currency)
  • Workforce and energy costs drive cost increases
  • Top-credit ratings by Moody's, Fitch and S&P
  • Increased dividend proposal of EUR 0.36 per share
  • Revenue growth of 3-4% expected in 2024

Alejandro Plater, CEO of A1 Group, on the highlights of 2023:

"We once again delivered a solid operational and financial performance in 2023: Group revenue increased by 4.9% to EUR 5.3 billion, and service revenues grew in all markets except for the currency-related decline in Belarus. EBITDA increased by 4.7%. Net result for 2023 was EUR 646 million (2022: EUR 635 million).

Based on these results, the Management Board plans to propose an increased dividend of EUR 0.36 (2022: EUR 0.32) per share to the Annual General Meeting, subject to the approval of the Supervisory Board.

The consistent implementation of our strategy, prudent fiscal policy and resilient results in a challenging environment are also reflected in the A-credit ratings of the three major rating agencies Moody's, Fitch and S&P.

For 2024, we expect revenue growth of 3-4% for A1 Group. In an environment of rising costs, especially workforce and energy costs, we continue to focus consistently on the implementation of efficiency measures and transformation initiatives."

Thomas Arnoldner, Deputy CEO of A1 Group, adds:

"Service revenues increased by 4.4% in 2023. This was driven by a solid development of the solutions and connectivity business and the implementation of value-protecting measures in most markets.

In mobile communications, the number of subscribers increased by 5.6% to a total of 25 million at the end of 2023. Growth was mainly driven by an increase in the M2M business. RGUs rose by 1.1% and now total around 6.3 million.

We have also achieved success in the area of sustainability (ESG), one of the strategic cornerstones: In December, A1 Group was once again awarded an A rating – the highest possible – by the global environmental non-profit organization CDP for its leadership in corporate transparency and its performance on climate change. And Sustainalytics has ranked A1 as the 6th best performing telecom company in the world.

Our capex expenditures will amount to around EUR 800 million in 2024 (excluding spectrum), with a focus on fibre expansion in Austria and 5G rollout in the CEE markets."


More information is available:



(1)Michael Höfler (en)
Dr. Michael Höfler
A1 Group Spokesperson
+43 664 66 30362