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Telekom Austria Q1 revenues down 2%, profits improve
2015-04-22 11:01:00| Telecompaper Headlines
(Telecompaper) Telekom Austria reported first-quarter revenues down 2.0 percent year-on-year to EUR 956 million, as an improved performance in Austria and Croatia was offset by weaker results elsewhere. Excluding currency effects, notably in Belarus, revenues were stable, the company said. Comparable EBITDA was up 5.8 percent to EUR 338.5 million, helped by better results in Austria and Belarus as well as a one-time settlement gain of EUR 20 million in Slovenia. Net profit jumped to EUR 93 million from EUR 41 million a year ago. The group maintained its outlook for full-year revenues up around 2 percent, capex of EUR 700-750 million and a dividend of 5 cents a share. In the first quarter, capex rose 21.8 percent to EUR 121 million, and operating cash flow increased 82.8 percent to EUR 272 million. Net debt reduced by 4.3 percent compared to the end of 2014 to EUR 2.58 billion or 2.0 times annual EBITDA.
Tags: improve
austria
profits
revenues
Category:Telecommunications
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