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Telekom Austria AG

EANS-News: Telekom Austria AG
(with document)

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.

annual result

Vienna, 30 January 2017 - Today, the Telekom Austria Group (VSE: TKA, OTC US:
TKAGY) announces its results for fourth quarter and full year 2016, ending 31
December 2016.

>       Reported net result increased by 26.3% to EUR 106.5mn (Q4 2015: EUR 84.3
>       Group total revenues declined by 0.9% on a proforma1 and by 0.7% on a
reported basis mainly driven by roaming
>       Group EBITDA declined by 17.7% on a proforma1 and by 17.6% on a reported
>       Proforma revenues and EBITDA rose by 1.6% and 2.4% y-o-y on an adjusted
basis excluding: 
>       EUR 10.5 mn positive one-off effects in total revenues in Austria in Q4
2015: Reversal of accruals in fixed-line and other revenues
>       EUR 10.0 mn positive one-off effect in total revenues in Slovenia in
other operating income in Q4 2015: Agreement on settling mutual relations and
business collaboration with Telekom Slovenije
>       Restructuring charges amounting to negative EUR 26.8 mn in Q4 2016 vs.
positive EUR 16.6 mn in Q4 2015 due to a EUR 21.6 mn positive one-off effect in
Q4 2015 stemming from a legal settlement and a negative impact in Q4 2016
resulting from a revaluation in Q3 2016
>       Negative FX effects in Q4 2016: EUR 7.1 mn and EUR 2.4 mn in revenues
>       On an operating level better service revenue trends and ongoing strong
cost efficiencies managed to offset effects from the stepwise retail roaming
abolition and higher equipment costs 
>       Austria: Excluding one-off effects and restructuring charges EBITDA
margin rose in spite of lower revenues due to decreases in roaming and equipment
>       CEE: Continuing strong operational trends in Croatia and Belarus, first
improvements in Bulgaria
>       Group outlook2 2017: approx. +1% total revenues, CAPEX3 of approx. EUR
725 mn

1 Proforma figures include M&A transactions made between the start of the
comparison period and the end of the reporting period.
2 Outlook based on reported numbers and on a constant currency basis, except for
3 Does not include investment in spectrum and acquisitions.

Further information about the results can be found here:

The earnings release can be found here:

Disclaimer for forward-looking statements: 
This document contains forward-looking statements. These forward-looking
statements are usually accompanied by words such as "believe", "intend",
"anticipate", "plan", "expect" and similar expressions. Actual events may differ
materially from those anticipated in these forward-looking statements as a
result of a number of factors. Forward-looking statements involve inherent risks
and uncertainties. A number of important factors could cause actual results or
outcomes to differ materially from those expressed in any forward-looking
statement. Neither Telekom Austria Group nor any other person accepts any
liability for any such forward-looking statements. Telekom Austria Group will
not update these forward-looking statements, whether due to changed factual
circumstances, changes in assumptions or expectations. This report does not
constitute a recommendation or invitation to purchase or sell securities of
Telekom Austria Group.
Attachments with Announcement:

Further inquiry note:
Susanne Reindl
Head of Investor Relations
Telekom Austria Group
Tel: +43 050 664 39420

end of announcement                               euro adhoc 

Attachments with Announcement:

company:     Telekom Austria AG
             Lassallestrasse 9
             A-1020 Wien
sector:      Telecommunications
ISIN:        AT0000720008
indexes:     WBI, ATX Prime, ATX
stockmarkets: official market: Wien 
language:   English

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