Ad hoc Release QU 2 2010
Vienna, August 18, 2010 - Telekom Austria Group (VSE: TKA, OTC US: TKAGY) today announced its results for the first half 2010 and the second quarter ending June 30, 2010.
- Continued challenging operating environment driven by fierce competition, regulatory induced pressure and macro-economic headwinds
- Stabilization of Fixed Net line losses to 6,000 in 2Q 2010 vs. 12,600 in 2Q 2009
- Further Mobile Communication subscriber growth of 5.9% to 19.2 mn customers
- Slow-down of Group revenue decline to -3.9% due to lower revenue reduction in the Fixed Net and the Mobile Communication segments
- Group EBITDA declines by 8.3% due to higher revenue related Fixed Net expenses and lower mobile revenues, cushioned by cost reductions
- Free cash flow generation remains strong with EUR 365.2 mn
- Including impact from merger of domestic operations the management expects revenues of approx. EUR 4.7 bn and an EBITDA of EUR 1.60 to 1.65 bn for FY 2010
- DPS floor of EUR 0.75 reiterated
| in EUR million | 2Q 10 | 2Q 09 | % change | 1H 10 | 1H 09 | % change |
|---|---|---|---|---|---|---|
| Revenues | 1,168.7 | 1,191.7 | -1.9% | 2,294.7 | 2,388.8 | -3.9% |
| EBITDA | 403.8 | 450.0 | -10.3% | 829.7 | 904.8 | -8.3% |
| Operating income | 134.2 | 170.2 | -21.2% | 300.5 | 350.3 | -14.2% |
| Net income | 68.7 | 82.3 | -16.5% | 159.9 | 167.6 | -4.6% |
| Earnings per share (in EUR) | 0.16 | 0.19 | -16.4% | 0.36 | 0.38 | -4.6% |
| Free cash flow per share (in EUR) | 0.45 | 0.45 | 0.8% | 0.83 | 0.75 | 10.8% |
| Capital expenditures | 160.1 | 149.3 | 7.2% | 296.5 | 265.3 | 11.8% |
| in EUR million | June 30, 10 | Dec. 31, 09 | % change | |||
| Net debt | 3,590.3 | 3,614.8 | -0.7% | |||
| Net debt/EBITDA (12 months) | 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 financial result, income tax expense, depreciation and amortization. This equals operating income before depreciation, amortization and impairment charges.
Quarterly Results and further information
Contact:
Matthias Stieber
Director Investor Relations
Telekom Austria Group
Tel.: Tel: +43 (0) 50 664 39126
E-mail:matthias.stieber@telekomaustria.com
Elisabeth Mattes
Telekom Austria Group’s Spokeswoman
Tel: Tel: +43 (0) 50 664 39187
E-Mail: elisabeth.mattes@telekomaustria.com
