A1 Telekom Austria Group

Telekom Austria Group - Results for the First Half 2015

Vienna, 16 July 2015

Today the Telekom Austria Group (VSE: TKA, OTC US: TKAGY) announces its results for the first half of 2015, ending 30 June 2015.

  • Group revenue stable at EUR 1,938.8 mn reported (clean: EUR 1,975.1 mn) beating company consensus of EUR 1,929.3 mn
  • Group EBITDA comparable growth of 7.4% to EUR 665.3 mn (clean: EUR 663.2 mn) on the back of stringent cost cutting and regulatory cost declines; beats company consensus of EUR 653.1 mn
  • Austria: 6.2% clean EBITDA comparable growth despite intensified competition in the mobile market
  • International markets burdened by FX effects as well as macro headwinds and price pressure
  • Planned acquisition of Amis will allow convergence in Slovenia
  • Consolidation in the Republic of Macedonia through merger with ONE approved
  • Net income of EUR 171.4 mn
  • Group revenues outlook for 2015 revised to approx. flat development, mainly due to CEE (on a constant currency basis except for Belarus); outlook for CAPEX* of EUR 700 – 750 mn and intended dividend of EUR 0.05/share** unchanged
in EUR millionQ2 2015Q2 2014**% change1-6M 20151-6M 2014**% change
Revenues 982.8 963.0 2.1% 1,938.8 1,939.0 0.0%
EBITDA comparable 326.8 299.4 9.1% 665.3 619.4 7.4%
Operating income 121.0 -260.6 n.m. 260.8 -163.2 n.m.
Net income 78.6 -305.1 n.m. 171.4 -264.3 n.m.
Cash flow generated from operations 262.3 224.5 16.8% 534.5 373.4 43.1%
Earnings per share (in EUR) 0.11 -0.70 n.m. 0.24 -0.63 n.m.
Free cash flow per share (in EUR) 0.17 -0.01 n.m. 0.40 0.11 263.0%
Capital expenditures 152.8 229.5 -33.4% 273.9 329.0 -16.7%


in EUR million30 Jun 201531 Dec 2014% change
Net debt*** 2,508.0 2,693.3 -6.9%
Net debt / EBITDA comparable (12 months)*** 1.9x 2.1x n.m.
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 2016.
*** The 2014 comparison period was adjusted according to IAS 8, see Earnings Release for the First Half 2015, page 33
**** As of 31 December 2014 long-term financial investments, instalment sales receivables and financial leasing are no longer included in the calculation of net debt; comparative figures have been restated accordingly.

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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