EANS-Adhoc: Telekom Austria AG
Results for the First Half 2013
12.08.2013 – 07:01
-------------------------------------------------------------------------------- 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 12.08.2013 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% in EUR million 30 June 13 31 Dec 12 %change Net debt 2,843.4 3,248.9 -12.5% 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:matthias.stieber@telekomaustria.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: Telekom Austria AG Lassallestrasse 9 A-1020 Wien mail: investor.relations@telekomaustria.com WWW: www.telekomaustria.com/ir sector: Telecommunications ISIN: AT0000720008 indexes: WBI, ATX Prime, ATX stockmarkets: official market: Wien language: English