Results for the First Nine Months 2017

Vienna, 24 October 2017

Key financial and operating highlights third quarter 2017

  • Outlook revised: Group revenues 2017 estimated to increase by approx. 3% (previously ~1%, on a reported basis), CAPEX expected at approx. EUR 745 mn in 2017 (previously ~EUR 725 mn).
  • Reported net result increased by 3.4% in the third quarter of 2017 to EUR 148.1 mn.
  • Group total revenues rose by 2.3% while EBITDA declined by 2.6% on a proforma basis year-on-year due to one-off effects and changes in restructuring charges.
  • Excluding one-off and FX effects as well as restructuring charges, proforma revenues and EBITDA rose by 1.9% and 1.6% y-o-y.
    • Positive one-off effect in Bulgaria of EUR 5.8 mn in OOI in Q3 2017, resulting from a legal settlement.
    • Positive one-off effect in Austria of EUR 14.4 mn in Q3 2016 stemming from the reversal of an accrual for copyrights.
    • Restructuring charges in Austria: positive EUR 13.3 mn in Q3 2017 due to a revaluation, compared to a positive EUR 20.4 mn effect in Q3 2016.
    • Negative FX effects in Q3 2017: EUR 1.1 mn in revenues; EUR 1.3 mn in EBITDA.
  • Operationally, revenues driven by higher equipment revenues and continuing increase in service revenues in all markets except for Slovenia and Macedonia. EBITDA growth in all CEE markets (ex Slovenia).
  • Austria: Retail fixed-line revenues back to growth while mobile service revenues declined due to roaming and prepaid.
  • Negative roaming effect estimated for FY 2017 at approx. 1.5% to 2.0% of Group EBITDA after high usage elasticity in Q3 2017 and higher than expected visitor roaming revenues on a Group level.
  • Free cash flow grew by 133.6% in the third quarter 2017 to EUR 184.2 mn due to higher cash flow from operations, lower interest paid and lower capital expenditures paid.
Key performance indicators - Proforma view - in EUR million Q3 2017 reported Q3 2016 proforma % change 1-9 M 2017 reported 1-9 M 2016 proforma % change
Total revenues 1,110.7 1,085.3 2.3 3,252.5 3,144.0 3.5
EBITDA 410.1 421.0 -2.6 1,109.0 1,091.7 1.6
% total revenues 36.9% 38.8%   34.1% 34.7%  
EBIT 191.1 206.4 -7.4 464.0 442.2 4.9
% total revenues 17.2% 19.0%   14.3% 14.1%  

 

Wireless indicators Q3 2017 reported Q3 2016 proforma % change 1-9 M 2017 reported 1-9 M 2016 proforma % change
Wireless subscribers (thousands) 20,828.1 20,731.7 0.5 20,828.1 20,731.7 0.5
thereof postpaid 15,364.3 14,912.8 3.0 15,364.3 14,912.8 3.0
thereof prepaid 5,463.7 5,819.0 -6.1 5,463.7 5,819.0 -6.1
MoU (per Ø subscriber) 307.3 303.5 1.3 305.6 303.7 0.6
ARPU (EUR) 8.9 9.0 -1.5 8.7 8.7 -0.3
Churn (%) 2.0% 1.9%   2.0% 1.9%  

 

Wireline indicators Q3 2017 reported Q3 2016 proforma % change 1-9 M 2017 reported 1-9 M 2016 proforma % change
RGUs (thousands) 6,014.9 6,051.5 -0.6 6,014.9 6,051.5 -0.6

All financial figures are based on IFRS; if not stated otherwise, all comparisons are given year-on-year. EBITDA is defined as net income excluding financial result, income taxes, depreciation and amortisation and impairment charges.

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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