A1 Telekom Austria Group - Results for the 1st Quarter 2019

  • Group total revenues increased by 1.5%, with service revenue growth in all parts of the business.
  • Fixed-line service revenues were higher in all markets, with particularly strong growth in solutions and connectivity revenues in Austria.
  • Mobile service revenues rose with increases or stable developments in all markets, driven by the ongoing strong demand for mobile WiFi routers.
  • Mobile contract subscribers rose by 3.6% with growth in all markets except for Bulgaria where the decline was due to a cleaning of inactive SIM-cards. Fixed-line RGUs increased by 3.5%, with broadband RGU growth in all convergent markets except for Austria and higher TV RGUs.
  • Group EBITDA excluding restructuring charges increased by 1.9% driven by higher service revenues.
  • Net result increased from EUR 28.4 mn in Q1 2018 to EUR 85.9 mn positively impacted by the brand amortization of last year.
  • Free cash flow declined by 58.3% driven by higher capex paid and lower net cash flow from operating activities due to seasonally high needs for working capital.
  • Capital expenditures rose by 8.6% to EUR 157.9 mn due to higher investments in the fiber roll-out and for IT customer projects in Austria. Additionally, 2.1 GHz spectrum was acquired in Croatia. Spectrum was also acquired in Austria (3.5 GHz) and in Belarus (2.1 GHz) but has not yet been included in capital expenditures as approvals were received in April.

 

More information available at https://www.a1.group/en/ir/interim-results

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