Telstra full-year 2009 results meet guidance

13 Aug 2009

Australian telco Telstra has revealed full-year financial results in line with expectations, posting a 10.3% year-on-year increase in net profit to AUD4.1 billion (USD3.07 billion), up from AUD3.7 billion in FY2008. Total revenue grew 2.7% in the year to reach AUD25.51 billion, with the telco noting a 25% increase in revenue from IP-based accesses, which it said more than offset decline from traditional fixed line voice revenue. Earnings before interest, tax, depreciation and amortisation (EBITDA) meanwhile rose 5.1% y-o-y to AUD10.95 billion, and capital expenditure was reported at AUD4.59 billion, within the operator’s guidance levels. Telstra said it expects CAPEX to continue to decline – it was AUD4.9 billion in 2008 – as it has completed a number of significant IT transformation programmes. Commenting on the results, David Thodey, Tesltra CEO, said: ‘As we highlighted at our half year results in February, our business is not immune to the economic slowdown. We continue to experience reduced usage of both fixed line and mobile voice, while there is evidence of slowing customer growth in fixed broadband. Against this backdrop, I am delighted that our results are in line with our previous guidance.’

Australia, Telstra (incl. Belong)