Telekom Austria AG — Earnings Release 2002

Nov 20, 2002

News Details

Ad-hoc | 20 November 2002 07:00

Telekom Austria AG english

Telekom Austria Group – Results for the First Nine Months 2002 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Vienna, November 20, 2002 – Telekom Austria AG (VSE:TKA; NYSE:TKA) today announced its results for the first nine months 2002 and the third quarter ending on September 30, 2002. Total managed revenues increased by 0.4% to EUR 2,899.8million on a comparable basis, i.e. adjusting 2001 figures for the impact of the netting of transit interconnection revenues and costs, introduced at the beginning of 2002. Consolidated net profit of Telekom Austria AG rose to EUR 112.0million during the first nine months 2002 from EUR 16.1million in the same period last year. Earnings per share improved from EUR 0.03 to EUR 0.22. The rise in total managed EBITDA by 3.9% to EUR 1,210.9million during the first nine months of the year was driven by strong results in the mobile business segment. Fixed line EBITDA for the first nine months 2002 includes EUR 33.1million of reversals of voluntary retirement provisions, of which EUR 8.9million were taken during the third quarter. Excluding the impact of these reversals, intra-year comparisons indicate a stabilization of fixed line EBITDA. Total managed EBIT rose by 29.0% to EUR 385.5million during the first nine months 2002 compared to last year. Quarterly figures show an increase in total managed revenues on a comparable basis of 0.8% to EUR 1,002.0million during the third quarter 2002 compared to the same period last year. Total managed EBITDA declined by 9.3% to EUR 416.4million. Quarterly EBIT fell by 15.6% to EUR 142.4million. Restrictive capital expenditure management resulted in a decline by 18.1% during the first nine months 2002 to EUR 370.9million. This contributed to moderating the increase in net debt of EUR 56.0million during the first nine months to EUR 3,338.1million despite the debt incurred to finance the acquisition of the remaining 25.001% stake in Mobilkom Austria for EUR 693.1million including the transaction costs. end of ad-hoc-announcement (c)DGAP 20.11.2002 ——————————————————————————– WKN: 072000; ISIN: AT0000720008; Index: ATX Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Düsseldorf, Frankfurt, München, Stuttgart 200700 Nov 02