Ad-hoc Release Full Year 2009
Vienna, February 24, 2010 - Telekom Austria Group (VSE: TKA, OTC US: TKAGY) today announced its results for the full year 2009 and the fourth quarter ending December 31, 2009.
Vienna, February 25, 2009 - Telekom Austria Group (VSE: TKA, OTC US: TKAGY) today announced its results for the full year 2008 and the fourth quarter ending December 31, 2008.
- Mobile Communication customer base increases by 6.4% to 18.9 million customers despite a difficult economic environment
- Increase in access lines in the Fixed Net segment during 4Q 09 for the first time in more than a decade
- Revenues decline of 7.1% to EUR 4.8 billion driven by lower Fixed Net revenues, FX movements and lower prices in Mobile Communication
- Successful cost reduction in both segments reduces operating expenses and softens impact of lower revenues on EBITDA
- 2009 target for operating free cash flow of EUR 1.1 billion achieved as Capex reduction compensates lower EBITDA on like-for-like basis
- Based on full year results 2009, Management Board proposes dividend of EUR 0.75 per share
- Reiteration of outlook for 2010 excluding the impact of the merger of domestic operations
- Merger of domestic operations creates considerable customer advantage and meets increasing demand for convergent products
| in EUR million | 4Q 09 | 4Q 08 | % change | FY 2009 | FY 2008 | % change |
|---|---|---|---|---|---|---|
| Revenues | 1,181.5 | 1,306.5 | -9.6% | 4,802.0 | 5,170.3 | -7.1% |
| EBITDA | 399.4 | -211.6 | n.a. | 1,794.0 | 1,280.8 | 40.1% |
| Operating income/loss | 120.0 | -515.7 | n.a. | 343.9 | 120.7 | 184.9% |
| Net income/loss | 63.6 | -437.7 | n.a. | 94.9 | -48.8 | n.a. |
| Earnings/Loss per share in EUR) | 0.14 | -0.99 | n.a. | 0.22 | -0.11 | n.a. |
| Free cash flow per share (in EUR) | 0.30 | 0.42 | -29.2% | 1.52 | 1.71 | -10.9% |
| Capital expenditures | 291.6 | 273.3 | 6.7% | 711.4 | 807.6 | -11.9% |
| in EUR million | Dec. 31, 09 | Dec. 31, 08 | % change | |||
| Net debt | 3,614.8 | 3,993.3 | -9.5% | |||
| Net debt/EBITDA (12 months) excluding restructuring program in 2008 | 2.0x | 2.1x |
Reported financial figures include impairment charges of EUR 352.0 million for FY 2009 and restructuring charges of EUR 632.1 million for 4Q 08 and FY 2008.
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 taxes, depreciation and amortization, impairment charges, equity in earnings of affiliates, other financial results and foreign exchange differences. This equals operating income before depreciation, amortization and impairment charges.
Full quarterly report and further information
