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Telekom Austria AG — Earnings Release 2013
Aug 12, 2013
762_iss_2013-08-12_b7aa4b3c-2c9d-464e-a4a8-4f449c2f4f9e.pdf
Earnings Release
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EANS-Adhoc: Telekom Austria AG / Results for the First Half 2013
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.
Mid Year Results/6-month report
Vienna, 12 August 2013 - The Telekom Austria Group (VSE: TKA, OTC US: TKAGY) today announces its results for the first half 2013 ending 30 June 2013.
Highlights
Group revenues decline by 1.2% year-on-year driven by regulatory burden, fierce competition and macroeconomic headwinds in CEE
EUR 75.5 mn Group gross cost savings help mitigate higher upfront costs for customer acquisition, retention and marketing activities, and limit EBITDA comparable decline to 8.1%
Austria: Launch of new A1 and bob tariffs reflects high-value focus; higher subsidies squeeze EBITDA comparable margin to 29.4%
Bulgaria: Two-thirds of revenue decline caused by MTR cuts while price pressure continues amidst political woes
Croatia: Cost savings initiatives and one-time effects lead to a rise in the EBITDA comparable margin
Continued revenue and EBITDA comparable growth in Belarus and the Addi-tional Markets segment
2013 Group guidance refined: Revenues of approx. EUR 4.1 bn reiterated and CAPEX* outlook refined to EUR 650 - 700 mn
| in EUR million | Q2 2013 Q2 2012 | %change | 1-6M 2013 | 1-6M 2012 | %change | |
|---|---|---|---|---|---|---|
| Revenues | 1,043.2 1,063.2 | -1.9% | 2,092.3 | 2,118.3 | -1.2% | |
| EBITDA comparable | 330.3 | 364.8 | -9.5% | 667.2 | 726.2 | -8.1% |
| Operating income | 105.5 | 99.1 | 6.4% | 223.3 | 211.1 | 5.8% |
| Net income | 52.5 | 34.0 | 54.2% | 108.0 | 80.9 | 33.5% |
| Earnings per share | ||||||
| (in EUR) | 0.10 | 0.08 | 29.4% | 0.21 | 0.18 | 16.4% |
| Free cash flow per | ||||||
| share (in EUR) | 0.29 | 0.22 | 30.6% | 0.39 | 0.33 | 17.8% |
| Capital | ||||||
| expenditures | 176.4 | 185.1 | -4.7% | 325.4 | 330.9 | -1.7% |
| %change | ||||||
| in EUR million | 30 June 13 | 31 Dec 12 | ||||
| Net debt | 2,843.4 | 3,248.9 | ||||
| Net debt / EBITDA comparable (12 months) | 2.0x | 2.2x |
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 amortisation, restructuring and impairment charges. * Does not include investments for licenses and spectrum nor acquisitions.
The earnings release is available here:
http://www.telekomaustria.com/dateien/results-qu2-2013.pdf.
For further information, please see here: http://www.telekomaustria.com/ir/current-results.php.
Further inquiry note: Matthias Stieber
Director Investor Relations
Tel.: +43 (0) 50 664 39126
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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