Results for the First Quarter 2010
Vienna, May 12, 2010 - The Telekom Austria Group (VSE: TKA, OTC US: TKAGY) today announced its results for the first quarter ending March 31, 2010.
Highlights
| ■ | Stabilization of Fixed Net subscriber base with just 0.8% lines lost |
| ■ | Mobile Communication continues to grow its subscriber base with a 6.0% increase to 19.0 million customers |
| ■ | Revenues decline by 5.9% to EUR 1,126.0 million primarily driven by lower revenues in domestic operations
and Bulgaria |
| ■ | Cost reductions absorb half of the revenue pressure and limit EBITDA decline to 6.4% |
| ■ | Free cash flow increases by almost 26% to EUR 165.7 million |
| ■ | Outlook 2010 reiterated, excluding effects from merger of domestic businesses |
| ■ | Dividend per share floor of 75 cents reiterated for 2010–2012 |
| in EUR million | 1Q 10 | 1Q 09 | % change |
|---|
| Revenues | 1,126.0 | 1,197.1 | -5.9% |
| EBITDA | 425.9 | 454.8 | -6.4% |
| Operating income | 166.3 | 180.1 | -7.7% |
| Net income | 91.2 | 85.3 | 6.9% |
| Earnings per share (in EUR) | 0.21 | 0.19 | 6.7% |
| Free cash flow per share (in EUR) | 0.37 | 0.30 | 25.8% |
| Capital expenditures | 136.4 | 116.0 | 17.6% |
| | | | |
| in EUR million | March 31, 10 | Dec. 31, 09 | |
|---|
| Net debt | 3,450.2 | 3,614.8 | -4.6% |
| Net debt/EBITDA (12 months) | 2.0x | 2.0x | |
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 tax expense, depreciation and amortization. This equals operating income before depreciation, amortization and impairment charges.