Telekom Austria Group: Strict Cost Management Softens the Impact of the Tough Economic Environment on Full-Year 2009 Results
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.
- 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
Detailed financial Figures
Press Release - Results for the Financial Year 2009 and the 4th Quarter 2009 (108.0 KB)
Contacts:
Elisabeth Mattes
Telekom Austria Group’s Spokeswoman
Tel: +43 (0)664 331 2730
E-Mail: elisabeth.mattes@telekom.at
Barbara Plössnig
Investor Relations
Tel.: +43 (0) 59059 1-19003
E-Mail: barbara.ploessnig@telekom.at
Matthias Stieber
Investor Relations
Tel.: +43 (0) 59059 1-19007
E-mail: matthias.stieber@telekom.at
