Telekom Austria reports 1% fall in H1 revenue, EBITDA

25 Jul 2016

Telekom Austria Group has announced revenues of EUR2.040 billion (USD2.24 billion) for the first half of 2016, a decrease of 1.2% from EUR2.065 billion in the year-ago period, as growth in the Austrian, Croatian and Serbian divisions was outweighed by lower total revenues from Bulgaria (down by 3.4%), Belarus (11.6%), Slovenia (17.5%) and Macedonia (3.4%). EBITDA for the six months ended 30 June 2016 fell by 1.0% year-on-year to EUR663.6 million, due to a EUR20.0 million positive extraordinary effect in Slovenia in Q1 2015. Telekom Austria reported net income of EUR163.4 million in H1 2016, a decrease of 4.6% from EUR171.4 million in the corresponding period of 2015, as reported income taxes rose by 47.2% year-on-year, to EUR19.5 million.

In operational terms, Telekom Austria Group saw an increase in the number of fixed line subscribers, largely driven by the acquisitions of fixed line reseller Amis in Slovenia and Croatia (consolidated as of 1 September 2015) and cableco Blizoo in Bulgaria (1 October 2015), while other activity includes the merger of Vip Operator with ONE in Macedonia (1 October 2015). At 30 June 2016 the group reported a total of 5.609 million wireline customers, an increase of 2.7% from 5.462 million a year earlier, as well as 20.482 million wireless subscribers, down slightly from 20.574 million in 2Q15, as increases in Austria (4.3%) and Slovenia (3.5%) failed to offset declines in all other segments.

Austria, A1 Telekom Austria Group