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Telekom Austria AG — Earnings Release 2010
Feb 23, 2011
762_iss_2011-02-23_c7ed4943-2940-45d1-94bf-cc6e7bbfd13f.pdf
Earnings Release
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EANS-Adhoc: Telekom Austria AG / Today, the Telekom Austria Group (VSE: TKA, OTC US: TKAGY) announced its results for the full year 2010 and the fourth quarter ending December 31, 2010.
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
Results for the Full Year 2010
With 1,400 net adds during 2010 fixed access lines return to growth for the first time after more than 10 years
Group mobile subscriber base increases by 5.0% to more than 19.8 million customers
The improved operational performance limits the decline of Group revenues to EUR 4,650.8 million in 2010 despite a challenging macro-economic environment, strong competition and regulatory pressure
Group EBITDA comparable, which excludes restructuring and impairment charges, declines by 9.1% to EUR 1,645.9 million in 2010
Restructuring charges, which were predominately non-cash, in the amount of EUR 124.1 million and impairment charges in the amount of EUR 18.3 million incurred in 2010
CAPEX increases by 7.3% to EUR 763.6 million in 2010 predominantly due to higher investments in the next generation network in Austria
Net income improved to EUR 195.2 million in 2010 due to higher impairment charges in 2009
Revenues of up to EUR 4.6 bn, EBITDA comparable of up to EUR 1.6 bn and CAPEX of up to EUR 800 mn expected for 2011
Dividend floor of EUR 0.76 reiterated for the years 2011 and 2012
in EUR million Q4 2010 Q4 2009 %change FY 2010 FY 2009 %change Revenues 1,170.8 1,181.5 -0.9% 4,650.8 4,802.0 -3.1% EBITDA comparable 353.4 416.9 -15.2% 1,645.9 1,811.6 -9.1% Operating income -38.5 120.0 n.a. 437.9 343.9 27.3% Net income -61.3 63.6 n.a. 195.2 94.9 105.7% Earnings per share (in EUR) -0.14 0.14 n.a. 0.44 0.22 105.3% FCF per share (in EUR) 0.10 0.32 -69.5% 1.47 1.58 -6.8% Capital expenditures 320.2 291.6 -9.8% 763.6 711.4 7.3%
Dec. 31, 2010 Dec. 31, 2009 %change Net debt 3,305.2 3,614.8 -8.6% Net debt/EBITDA comparable (12 months) excluding restructuring program 2.0x 2.0x
All financial figures are based on IFRS; if not stated otherwise, all comparisons are given year-on-year. EBITDA comparable is defined as net income excluding financial result, income tax expense, depreciation and amortization, restructuring and impairment charges.
The full report and further information are available on our website www.telekomaustria.com/ir/current-results.php.
Further inquiry note: Matthias Stieber Director Investor Relations Tel.: +43 (0) 50 664 39126 mailto: [email protected]
Elisabeth Mattes Telekom Austria Group's Spokeswoman Tel.: +43 (0) 664 66 39187 mailto: [email protected]
issuer: Telekom Austria AG Lassallestrasse 9 A-1020 Wien mail: [email protected] WWW: www.telekomaustria.com/ir sector: Telecommunications ISIN: AT0000720008 indexes: WBI, ATX Prime, ATX stockmarkets: official market: Wien language: English
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