A1 Telekom Austria Group

Results for the First Quarter 2015

Vienna, 22 April 2015

Today the Telekom Austria Group (VSE: TKA, OTC US: TKAGY) announces its results for the first quarter of 2015, ending 31 March 2015.

  • Group revenue decline improved to ‑2.0% year-on-year as growth in Croatia and slowdown of decline in Austria mitigate losses in Bulgaria, Belarus and the Additional Markets segment
  • Strong operational performance in Austria and Belarus drive Group EBITDA comparable: 5.8% year-on-year reported growth and +2.7% year-on-year clean of EUR 20.0 mn one-off effect in Slovenia and EUR 10.1 mn FX effects
  • Revenue trends further improved to a decline of ‑0.8% year-on-year due to stabilisation in monthly fees and traffic
  • EUR 14.2 mn reduction in operating expenses led to EBITDA comparable growth of 6.3% year-on-year
  • Belarus: Revenue decline due to 10.0% EUR-BYR devaluation but 4.4% EBITDA comparable growth
  • Fierce mobile competition in Bulgaria and Croatia weighed on results despite fixed-line growth. Spectrum fee further burdened EBITDA comparable in Croatia


  • Strong operational performance and one-off in Slovenia result in a 127.5% year-on-year growth in net profit to EUR 92.7 mn
  • Unchanged Group outlook for 2015 (except for Belarus on a constant currency basis): Revenue growth of approx. +2.0%, CAPEX* of EUR 700 – 750 mn, intended dividend of EUR 0.05/share**
in EUR millionQ1 2015Q1 2014% change
Revenues 956.0 975.9 -2.0%
EBITDA comparable 338.5 319.9 5.8%
Operating income 139.7 97.4 43.5%
Net income 92.7 40.8 127.5%
Cash flow generated from operations 272.2 148.9 82.8%
Earnings per share (in EUR) 0.13 0.08 67.0%
Free cash flow per share (in EUR) 0.23 0.12 97.0%
Capital expenditures 121.1 99.4 21.8%


in EUR million31 Mar 201531 Dec 2014% change
Net debt 2,577.6 2,693.3 -4.3%
Net debt / EBITDA comparable (12 months) 2.0x 2.1x
All financial figures are based on IFRS; if not stated otherwise, all comparisons are given year-on-year. EBITDA comparable is defined as net income excluding financial result, income taxes, depreciation and amortisation, restructuring and impairment charges.
* Does not include investment in spectrum and acquisitions.
** Intended proposal to the Annual General Meeting 2015.

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.

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Susanne Aglas-Reindl

Head of Investor Relations
A1 Telekom Austria Group


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