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Vienna – Today, A1 Telekom Austria Group (VSE: TKA, OTC US: TKAGY) announces its highlights for the second quarter and the first half of 2018, ending 30 June 2018. The full earnings release including the results for the second quarter and the first half of 2018 will be published on 24 July 2018.
Highlights for the second quarter of 2018
- Group total revenues increased by 1.3% (reported: +1.5%), mainly driven by higher equipment revenues and the solid retail fixed-line performance. Excluding FX and the minor one-off effects total revenues grew by 2.3% (reported: +2.5%), with service revenue growth in all markets except for Slovenia.
- The strong comparison period Q2 2017 was positively impacted by project-driven revenues and some reversals of accruals in Austria. Together with investments into A1 Digital and a negative FX impact in Q2 2018 this led to a decline in Group EBITDA of 0.9% (reported: -0.8%).
o Excluding FX and the minor one-off effects (restructuring charges had basically no impact), Group EBITDA increased slightly by 0.2% (reported:
+0.3%), with strong contribution from CEE compensating for A1 Digital investments; Austria showed a stable performance despite the strong comparable in Q2 2017.
- Net result grew by 15.9% in Q2 2018 excluding D&A from the brand value amortisation of EUR 72.4 mn (reported net result Q2 2018: EUR 58.0 mn; Q2 2017: EUR 112.5 mn).
- Reported free cash flow increased by 35.4% to EUR 205.7 mn in the first half of 2018. This was mainly attributable to lower interest payments and operational improvements as well as lower capital expenditures paid.
- Group outlook 2018 unchanged: total revenue growth of 1-2% (on a reported basis), CAPEX [1] of approx. EUR 750 mn.
[1] Does not include investment in spectrum and acquisitions.
end of announcement euro adhoc
Attachments with Announcement:
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http://resources.euroadhoc.com/documents/287/5/10186450/1/TKA_Q2_2018_Trading_Statement.pdf
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: ATX, WBI
stockmarkets: Wien
language: English
Digital press kit: http://www.ots.at/pressemappe/2161/aom
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