Results for the First Quarter 2009
Vienna, May 13, 2009 - The Telekom Austria Group (VSE: TKA, OTC US: TKAGY) today announced its results for the first quarter ending March 31, 2009.
Highlights
| ■ | Significant slowdown of Fixed Net access line loss continues with just 8,000 lines lost in 1Q 09 |
| ■ | Mobile Communication continues growth trend of its subscriber base with a 13.0% increase to 17.9 million customers |
| ■ | Revenues decline by 5.0% to EUR 1,197.1 million primarily driven by lower Fixed Net revenues as revenues in Mobile Communication remain flat |
| ■ | Fixed Net revenues impacted by lower wholesale revenues, declining voice volumes and the disposal of subsidiaries |
| ■ | EBITDA decreases by 6.4% to EUR 454.8 million due to weaker contribution from Mobile Communication while Fixed Net grows slightly |
| ■ | EBITDA, Capex and operating Free Cash Flow outlook 2009 fully reiterated, revenues slightly weaker than originally expected |
| ■ | Dividend per share floor of 75 cent reiterated for 2009–2012 |
| in EUR million | 1Q 09 | 1Q 08 | % change |
|---|
| Revenues | 1,197.1 | 1,259.6 | -5.0% |
| EBITDA | 454.8 | 485.7 | -6.4% |
| Operating income | 180.1 | 202.3 | -11.0% |
| Net income | 85.3 | 129.7 | -34.2% |
| Earnings per share (in EUR) | 0.19 | 0.29 | -34.2% |
| Free cash flow per share (in EUR) | 0.30 | 0.33 | -9.5% |
| Capital expenditures | 116.0 | 159.6 | -27.3% |
| | | | |
|---|
| in EUR million | March 31, 09 | Dec. 31, 08 | % change |
|---|
| Net debt | 3,877.8 | 3,993.3 | -2.9% |
| Net debt/EBITDA (12 months) excluding restructuring program | 2.1x | 2.1x | |
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 interest, income tax expense, depreciation and amortization, impairment charges, equity in earnings of affiliates, income/loss from investments and foreign exchange differences. This equals operating income before depreciation, amortization and impairment charges.