Release of 08.01.2013
Vienna, 8 January 2013: Today, the Telekom Austria Group (VSE: TKA, OTC US: TKAGY) announces its financial outlook for the full year 2013.
The management of Telekom Austria Group expects the challenges which characterised the operational environment during 2012 to continue to dominate the development in 2013, namely fierce competition in its mature mobile markets, further regulatory cuts, macro-economic headwinds and FX risks.
However, due to continued low visibility in its major markets, Telekom Austria Group considers it prudent to limit the financial outlook for 2013 to Revenues and CAPEX. This outlook is in line with company-compiled consensus.
Telekom Austria Group will address the challenges it is facing with a range of measures, above all a focus on the high-value customer segment in its mature mobile markets. While this will impact margins in the short-term, the management of Telekom Austria Group is confident that this strategy will provide the optimal basis for future stabilisation. In the same vein the management of Telekom Austria Group will also intensify cost efficiency efforts in all business segments to reduce margin pressure.
Furthermore, Telekom Austria Group will continue to pursue its successful convergence strategy. In its growth markets Telekom Austria Group expects to further benefit from the strong demand for smartphones and mobile broadband solutions.
Telekom Austria Group thus expects the following financial development for the full year 2013*:
| Telekom Austria Group Outlook 2013 | |
|---|
| Revenues |
approximately EUR 4.1 bn |
| CAPEX** |
approximately EUR 0.7 bn |
| Intended dividend |
EUR 0.05 for 2012 and 2013 |
* On a constant currency basis for all markets as well as before any effects of hyperinflation accounting for the Belarusian segment.
** CAPEX: does not include any investments for licenses and spectrum nor acquisitions