Results for the First Half 2011
Highlights
| ■ | Mobile broadband and smartphones drive subscriber numbers in all operations |
| ■ | Bundle products strategy proves increasingly successful with continued access line growth and further trend towards ARPL stabilization |
| ■ | Continuation of convergent strategy through A1 single brand relaunch in Austria and B.net acquisition in Croatia |
| ■ | Strong operational performance in Belarus overshadowed by 54% Ruble devaluation |
| ■ | Strong revenues and earnings trends in Additional Markets benefit from subscriber growth |
| ■ | Group revenues and EBITDA comparable decline due to regulatory effects, challenging macroeconomic situation and fierce competition |
| ■ | Guidance 2011 adjusted for devaluation of Belarus Ruble: Revenues approximately EUR 4.50 bn, EBITDA comparable up to EUR 1.55 bn |
| ■ | Dividend floor of EUR 0.76 reiterated for the years 2011 and 2012 |
| in EUR million | Q2 2011 | Q2 2010 | % change | 1-6 M 2011 | 1-6 M 2010 | % change |
|---|
| Revenues | 1,109.3 | 1,168.7 | -5.1% | 2,227.3 | 2,294.7 | -2.9% |
| EBITDA comparable | 380.8 | 416.5 | -8.6% | 777.6 | 843.4 | -7.8% |
| Operating income | 85.0 | 134.2 | -36.7% | 42.7 | 300.5 | -85.8% |
| Net income | 20.0 | 68.7 | -70.9% | -59.2 | 159.9 | n.a. |
| Earnings per share (in EUR) | 0.05 | 0.16 | -71.1% | -0.13 | 0.36 | n.a. |
| Free cash flow per share (in EUR) | 0.35 | 0.45 | -22.4% | 0.42 | 0.85 | -50.1% |
| Capital Expenditures | 156.7 | 160.0 | -2.1% | 277.1 | 296.5 | -6.5% |
| | | | | | | |
| in EUR million | | | | June 30, 2011 | Dec. 31, 2010 | % change |
|---|
| Net Debt | | | | 3,553.8 | 3,305.2 | 7.5% |
Net Debt/EBITDA comparable
(12 months) excluding restructuring program | | | | 2.2x | 2.0x | |
| | | | | | | |
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 tax expense, depreciation and amortization, restructuring and impairment charges.