Telekom Austria AG

euro adhoc: Telekom Austria AG
Quarterly or Semiannual Financial Statements
Results for the First Half 2004 (E)

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- Group revenues increase by 2.7% to EUR 1,985.0 million
- Group operating income rises by 19.0 % to EUR 243.0 million
- Consolidated net income increases by 61.7% to EUR 106.4 million
- Consolidated net debt declines by EUR 264.9 million
to EUR 2,372.4 million compared to the end of December 2003
- Wireline segment benefits from a further stabilization of its
regular business plus revenues from universal services and higher
interconnection revenues
- Due to increasing contribution from foreign operations further but
lower growth in the wireless segment
~
in EUR million            2Q 04  2Q 03  %change  1H 04    1H 03 %change

Revenues                      995.6  965.4    3.1%  1,985.0  1,931.9    2.7%
Revenues excluding
third party value        995.6  950.8    4.7%  1,985.0  1,901.3    4.4%
added service revenues*
Operating income         107.0    82.3  30.0%      243.0      204.2  19.0%
Net income                    35.7    28.3  26.1%      106.4        65.8  61.7%
Adjusted EBITDA**        390.7  373.7    4.5%      807.4      779.6    3.6%
Basic and diluted
earnings per share        0.07    0.06  26.1%        0.21        0.13  61.7%
(in EUR)
Capital expenditures  120.4  134.4 -10.4%      191.4      209.6  -8.7%

in EUR million                  June 30, 2004      Dec. 31, 2003    %change
Net debt                                      2,372.4                2,637.3      -10.0%
~
* For comparative purposes, 2Q 03 and 1H 03 have been adjusted to
reflect the accounting change  for third party value added services
in 4Q 03.
** Adjusted EBITDA is defined as net income excluding interest,
taxes, depreciation, amortization, impairment charges, dividend
income, equity in earnings of affiliates, other non-operating
income/expense, minority interests and the cumulative effect of
changes in accounting principles. This equals operating income before
depreciation, amortization and impairment charges.

The full report for the first half year 2004 and further information is available on our website under www.telekom.at/ir

end of announcement            euro adhoc 24.08.2004
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Further inquiry note: Martin Bredl Telekom Austria Public Relations Phone: +43 (0) 59059 1 11001 mailto: martin.bredl@telekom.at

Hans Fruhmann Investor Relations Telekom Austria Tel.: +43 (0) 59059 1 20917 mailto:hans.fruhmann@telekom.at Email: investor.relations@telekom.at

Branche: Telecommunications Equipment
ISIN:      AT0000720008
WKN:        720008
Index:    ATX, ATX Prime, WBI
Börsen:  Wiener Börse AG / official dealing
              New York / official dealing



Weitere Meldungen: Telekom Austria AG

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