Telekom Austria Q3 net income slumps 48.3%

14 Nov 2013

Telekom Austria has reported group revenues of EUR1.036 billion (USD1.392 billion) for the three months ended 30 September 2013, down 5.3% year-on-year. The company blames the slump on regulatory pressures in Austria, political and economic instability in Bulgaria, and lower roaming and interconnection revenues in Croatia. However, Belarusian revenues increased slightly and the group’s ‘Additional Markets’ segment (Serbia, Slovenia, Macedonia) delivered ‘another successful quarter’. EBITDA for the July-September period dropped 12.8% on an annualised basis, to EUR357.9 million, while the company’s operating income decreased 31.4% y-o-y to EUR121.5 million. Meanwhile, net income slumped 48.3% to EUR51.3 million for the three-month period under review, with the group again blaming issues in Austria and Bulgaria. CAPEX for 3Q13 increased 5.8% y-o-y to EUR167.6 million, with the additional cash flow used to fund Mobilkom Macedonia’s (VIP Operator’s) EUR10.3 million purchase of 800MHz and 1800MHz spectrum in July.

Austria, A1 Telekom Austria Group