Results for the First Quarter 2011 (Ad hoc Release)
Vienna, May 11, 2011 - The Telekom Austria Group (VSE: TKA, OTC US: TKAGY) today announced its results for the first quarter ending March 31, 2011.
- Continued strong demand for fixed and mobile broadband as well as for smartphones allow a Groupwide mobile broadband subscriber growth of 51.1%
- Fixed access line growth of 7,300 lines in the first quarter 2011
- Continued slow down of Group revenue decline to 0.7% to EUR 1,118.0 mn despite a challenging macro-economic environment, fierce competition and regulatory pressure
- Group EBITDA comparable, which excludes restructuring and impairment charges, declines by 7.1% to EUR 396.7 million
- High acceptance of the restructuring program prompts a restructuring charge in the amount of EUR 184.1 million leading to a net loss of EUR 79.2 million in the first quarter of 2011
- Lower investments in Croatia an Belarus lead to a reduction of capital expenditures of 11.7% to EUR 120.4 mn
- Outlook 2011 reiterated: Revenues of up to EUR 4.60 bn, EBITDA comparable of up to EUR 1.60 bn and CAPEX of up to EUR 800 mn
- Dividend floor of EUR 0.76 reiterated for the years 2011 and 2012
Detailed financial Figures
Results for the First Quarter 2011 (254.5 KB)
Ad-hoc Release
Contact:
Matthias Stieber
Director Investor Relations
Telekom Austria Group
Phone: +43 (0)50 664 39126
E-mail: matthias.stieber@telekomaustria.com
