Telekom Austria Group: Results for the First Half 2003 (Ad hoc Release)
Vienna, August 26, 2003 -- Telekom Austria AG (VSE: TKA; NYSE: TKA) today announced its results for the first half 2003 and the second quarter 2003 ending on June 30, 2003.
- Group revenues increase by 1.8% to EUR 1,931.9 million
- Group adjusted EBITDA* increases by 1.4% to EUR 779.6 million
- Consolidated net income rises by 31.1% to EUR 71.3 million
- Capital expenditures fall by 9.8% to EUR 210.0 million; excluding the impact of the non-cash effect of adopting SFAS 143 the decrease amounts to 13.1%
- Consolidated net debt declines by 7.3% to EUR 2,970.4 million compared to the end of December 2002
- Wireline revenues fall by 2.1% due to lower market volumes and prices; adjusted EBITDA fall to the same extent due to lower reversals of voluntary retirement provision
- In spite of intensifying competition the wireless segment continues to show strong operating performance: revenues rise by 7.3% and adjusted EBITDA by 5.2%
Detailed information about the financial results:
Results for the First Half 2003 (html)Results for the First Half 2003 (pdf 73 kB) (72.6 KB)
Ad-hoc Release
Note: All financial figures based on U.S. GAAP and unaudited; if not defined otherwise, all comparisons are given year-on-year
* In order to comply with new SEC regulations we have changed the label of our traditionally reported EBITDA to “adjusted EBITDA” without any impact on the way in which we calculate the measure. Please refer to page 2 for the full definition of adjusted EBITDA. Similarly the label for EBIT was changed to operating income.
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
