Telekom Austria Q2 revenues slip 1.2% following ‘regulatory burden, fierce competition, macroeconomic headwinds’

12 Aug 2013

Telekom Austria has reported group revenues of EUR1.043 billion (USD1.391 billion) for the three months ended 30 June 2013, down 1.2% year-on-year. The company has blamed the slump on ‘regulatory burden, fierce competition and macroeconomic headwinds in Central and Eastern Europe (CEE)’. Comparative EBITDA for the April-June period dropped 9.5% on an annualised basis, to EUR330.3 million, despite improvements in Belarus and Telekom’s ‘Additional Markets’ (Serbia, Slovenia, Macedonia). The company’s operating income increased 6.4%, to EUR105.5 million, with net income growing 54.2% to EUR52.5 million for the three-month period under review. Meanwhile, CAPEX dropped 4.7% y-o-y to EUR176.4 million.

Austria, A1 Telekom Austria Group