Telekom Austria AG — Earnings Release 2001

May 23, 2001

News Details

Ad-hoc | 23 May 2001 07:33

Ad hoc-Service: Telekom Austria AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Telekom Austria Group Announces Preliminary Results for First Quarter 2001 Vienna, May 23, 2001: Telekom Austria (VSE: TKA; NYSE: TKA) announced today preliminary financial results for the first quarter 2001. Telekom Austria Group expects to report an increase in total revenues, including Mobilkom Austria’s earnings, by 2.3% to EUR 967.4 million for the first quarter 2001, compared with the first quarter 2000. EBITDA of Telekom Austria Group, including Mobilkom Austria, is expected to increase by 7.4% to EUR 377.0 million. With a view to a clear presentation of the operative performance, in future Telekom Austria will report EBITDA exclusive of personnel restructuring expenses (1st quarter 2001: EUR 6.3 million, 1st quarter 2000: EUR 8.9 million ). Telekom Austria, excluding Mobilkom Austria, expects to announce a decrease in revenues by 6.7% to EUR 666.7 million for the first quarter 2001. These consolidated figures comprise the fixed line, data communications and Internet segments. EBITDA, exclusive of the aforementioned personnel restructuring expenses, is expected to decrease by 8.8% to EUR 218.0 million. Reductions in operative expenses by over EUR 27 million reflect the success of cost cutting measures. In the first quarter 2001, EBITDA margin increased to 32.7% compared with 29.7% in the full year 2000. Mobilkom Austria expects to report an increase in consolidated revenues to EUR 411,9 million (+21.5%), consolidated EBITDA is expected to increase by 42.1% to EUR 159.0 million. The successful development of VIPnet in Croatia contributed positively to the increase of the EBITDA margin to 38.6% in the first quarter 2001, compared with 29.2% in the full year 2000. End end of ad hoc announcement (c) DGAP 23.05.2001 ——————————————————————————– WKN: 072000; Index: ATX Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Düsseldorf, Frankfurt, München, Stuttgart 230733 Mai 01