Telekom Austria swings to full-year net profit

10 Feb 2016

Telekom Austria has reported group revenues of EUR4.027 billion (USD4.523 billion) for the twelve months ended 31 December 2015, a slight increase of 0.2% from EUR4.018 billion in 2014, as higher turnover in the Austrian and ‘Additional Markets’ segments offset declines in the Bulgarian, Croatian and Belarusian divisions. Fourth-quarter turnover rose 4.5% year-on-year to EUR1.076 billion, while EBITDA for full-year 2015 rose by 6.7% to EUR1.373 billion and jumped 27.3% from EUR252.1 million in 4Q14 to EUR320.8 million in the same quarter of 2015, thanks to a decline in operating expenses. Telekom Austria reported net income of EUR392.8 million in FY15, compared to a net loss of EUR185.4 million the previous year, while net income for the final quarter of 2015 totalled EUR84.3 million, up from a net loss of EUR48.9 million in the year-ago period.

In operational terms, Telekom Austria reported a total of 3.368 million fixed access lines in service as of 31 December 2015, representing a year-on-year rise of 23.7%, thanks to the acquisition of fixed line reseller Amis in Slovenia and Croatia (consolidated as of 1 September) and cableco Blizoo in Bulgaria (1 October), as well as increased demand for broadband services in Austria. Total mobile users increased by 3.5% during 2015 to reach 20.711 million at year-end, including 5.455 million domestic wireless subscribers (up by 0.6%). Mobile customer growth was primarily driven by the firm’s Slovenian (4.0%) and Macedonian (87.1%) businesses, the latter of which benefitted from Vip Operator’s merger with ONE, which closed on 1 October 2015.

Austria, A1 Telekom Austria Group