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Telekom Austria AG

EANS-News: Results for the First Quarter 2020 - ATTACHMENT

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  Corporate news transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is responsible for the content of this announcement.
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Quarterly Report

Vienna -

* Group total revenues increased by 3.4 %, with growth in Bulgaria, Belarus and
  Serbia and stable total revenues in Austria.

  o Mobile service revenues rose in all markets except for Slovenia. Growth was
    mainly driven by the ongoing strong demand for mobile WiFi routers.
  o Fixed-line service revenues were stable, as growth in the international
    markets outweighed a decline in Austria.

* Mobile contract subscribers rose by 5.0 % year-on-year, with growing or stable
  numbers in all markets.
* Fixed-line RGUs decreased by 0.9 % year-on-year, as TV RGU growth mitigated
  the decline of fixed-line voice and fewer low-bandwidth broadband RGUs in
  Austria.
* Group EBITDA excluding restructuring charges increased slightly by 0.4 %
  (reported: +1.7 %), driven by higher service revenues outweighing higher bad
  debt expense following higher expected lifetime credit loss of accounts
  receivables.

  o In Austria, EBITDA excluding restructuring charges declined by 3.1 %, mainly
    driven by roaming losses and lower retail fixed-line revenues following
    promotional discounts, while OPEX increased mainly due to higher bad debt
    allowance and costs related to the commercial 5G launch in January 2020.
  o EBITDA in the international markets grew by 6.5% driven by Bulgaria,
    Belarus, Croatia and Serbia.

* Net result grew by 3.9 % to EUR 89.3 mn in Q1 2020, as foreign currency
  exchange losses in Croatia and Belarus were partly mitigated by lower tax
  expenses due to the release of accruals regarding a decided tax case in
  Bulgaria.
* Free cash flow increased from EUR 34.4 mn in Q1 2019 to EUR 104.7 mn in the
  reporting period, mostly driven by lower working capital needs.
* Outlook 2020 suspended as it is still premature to give a precise estimation
  on the impact of the Covid-19 pandemic.




Further inquiry note:
Martin Stenitzer
Head of Investor Relations
Telekom Austria AG
Phone:+43 50 664 23066
E-mail:  martin.stenitzer@a1.group

end of announcement                         euro adhoc
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Attachments with Announcement:
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http://resources.euroadhoc.com/documents/287/5/10466065/1/TKA_Q1_2020_Results.pd
f
issuer:       Telekom Austria AG
              Lassallestrasse 9
              A-1020 Wien
phone:        004350664 47500
FAX:
mail:          investor.relations@a1.group
WWW:       www.a1.group
ISIN:         AT0000720008
indexes:      WBI, ATX
stockmarkets: Wien
language:     English

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