Telekom Austria Group: Strong cost control absorbs revenue pressure and limits EBITDA decline in the first quarter 2010
Vienna, May 12, 2010 - The Telekom Austria Group (VSE: TKA, OTC US: TKAGY) today announced its results for the first quarter ending March 31, 2010.
- Stabilization of Fixed Net subscriber base with just 0.8% lines lost
- Mobile Communication continues to grow its subscriber base with a 6.0% increase to 19.0 million customers
- Revenues decline by 5.9% to EUR 1,126.0 million primarily driven by lower revenues in domestic operations and Bulgaria
- Cost reductions absorb half of the revenue pressure and limit EBITDA decline to 6.4%
- Free cash flow increases by almost 26% to EUR 165.7 million
- Outlook 2010 reiterated, excluding effects from merger of domestic businesses
- Dividend per share floor of 75 cents reiterated for 2010–2012
Detailed financial Figures
Results for the First Quarter 2010 (88.0 KB)
Contacts:
Elisabeth Mattes
Telekom Austria Group’s Spokeswoman
Tel: +43 (0)664 331 2730
E-Mail: elisabeth.mattes@telekom.at
Investor Relations
Peter E. Zydek
Head of Investor Relations
Tel: +43 (0) 59059 1 19001
E-Mail: peter.zydek@telekom.at
