Telekom Austria Group: Results for the First Quarter 2003 (Ad hoc Release)
Vienna, May 27, 2003 - Telekom Austria AG (VSE: TKA; NYSE: TKA) today announced its results for the first quarter 2003 ending on March 31, 2003.
During the first quarter 2003 total group revenues increased by 0.4% to EUR 966.5 million while total EBITDA rose by 1.5% to EUR 405.9 million.While the increase in revenues was driven by additional growth in the wireless business, both the wireline and the wireless business segment contributed to the rise in EBITDA.
Higher depreciation, amortization and impairment charges led to a decline in total EBIT by 3.9% to EUR 121.9 million.
During 1Q 03 consolidated net income of Telekom Austria AG rose by 14.9% to EUR 43.1 million which include the cumulative effect of the adoption of SFAS 143 “Accounting for Asset Retirement Obligation” amounting to EUR 6.3 million net of income tax. Earnings per share improved from EUR 0.07 to EUR 0.09.
Capital expenditures fell by 10.0% to EUR 72.9 million during 1Q 03, excluding the impact of the non-cash effect of adopting SFAS 143 amounting to EUR 7.4 million.
The seasonally higher increase of working capital during the first quarter slowed the decline in net debt, which decreased to EUR 3,162.1 million at the end of March 2003, compared with EUR 3,204.2 million at the end of December 2002. Net debt also includes the purchase price for the additional stake in VIPnet for an amount of
EUR 20.9 million.
Please click here for
detailed results.Contacts:
Martin Bredl
Telekom Austria's Company Spokesman
Tel: +43 (0) 059 059-1-11001
E-Mail: martin.bredl@telekom.at
Hans Fruhmann
Head of Investor Relations at Telekom Austria
Tel: +43 (0) 59059 1-20917
E-Mail: hans.fruhmann@telekom.at
Cubitt Consulting (UK)
Peter Ogden/Noga Villalon
Tel. +44 (0)20 7367 5100
E-Mail: peter.ogden@cubitt.com
Cubitt Inc (USA)
Mark Kollar
Tel: +1 212 896 1201
E-Mail: mark.kollar@cubitt.com
