Release of 20.10.2020
Thomas Arnoldner, CEO of A1 Telekom Austria Group, on the highlights of the third quarter 2020:
"In the third quarter we were again able to continue our solid operating performance. Group revenues decreased by 0.9% due to roaming losses and negative foreign exchange effects, which mainly resulted from the devaluation of the Belarusian ruble and were partly offset by higher equipment revenues. Excluding the impact of foreign exchange rates, total revenues increased by 1.7%. Group EBITDA before restructuring increased slightly by 0.5%.
Net profit for the third quarter was EUR 142.6m, up 4.6% compared to the same period of the previous year.
Our Group continues to benefit from its operational strength, ongoing operational efficiency, solid capital structure and is very resilient. Furthermore, A1 Telekom Austria Group stands for reliability in the crisis and supports the digital transformation with its infrastructure.”
Alejandro Plater, COO of A1 Telekom Austria Group, continues:
"Austria showed a solid development: revenues remained stable in Q3 and EBITDA before restructuring increased by 4.7% as operational efficiency and a better equipment margin more than compensated for roaming losses.
Operational growth was also achieved in the CEE markets: Excluding foreign exchange and the reimbursement of frequency fees in Croatia (one-off effect), revenues increased by 3.6% and EBITDA grew by 3.3%.
A cautious investment policy contributed to the growth in free cash flow. A1 Telekom Austria Group will continue to focus strongly on efficiency improvements to mitigate the expected negative impact of Covid-19 later this year".
More information is available:
https://newsroom.a1.group/News.aspx?l=english