A1 Telekom Austria Group posts 30% decline in 2018 net profit

13 Feb 2019

A1 Telekom Austria Group has reported total revenues of EUR4.47 billion (USD5.0 billion) for the twelve months ended 31 December 2018, an increase of 1.8% from EUR4.39 billion the previous year. The growth was driven primarily by higher service revenues from both fixed line and mobile operations, and by increased equipment revenues. However, EBITDA declined 1.3% from EUR1.39 billion in 2017 to EUR1.38 billion twelve months later, and A1 Telekom Austria Group reported a net income of EUR242.7 million in 2018, down 29.7% year-on-year, negatively impacted by brand value amortisation and higher effective tax rates.

At 31 December 2018 A1 Telekom Austria Group reported a total of 20.99 million wireless subscribers, an increase of 1.7% year-on-year, as growth in M2M subscribers, as well as in Croatia (up 3.4%), Austria (0.5%), Serbia (0.6%) and Belarus (0.2%), was able to offset declining numbers in the other segments. Total wireline RGUs rose by 3.7% over the twelve-month period to 6.26 million, as growth in Belarus (up 41.8%), driven by the acquisition of Vitebsk Garant on 1 May 2018, and in Macedonia (12.5%), Croatia (4.2%) and Bulgaria (2.4%) was partly offset by a 1.9% decline in Austria.

Austria, A1 Telekom Austria Group