EANS-News: Telekom Austria AG / Results for the Fourth Quarter and Full Year 2020

Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

Annual Result/Quarterly Report

Vienna -

* Group total revenues decrease of 1.2% driven by equipment revenues while service revenues remained flat despite heavy roaming losses (~2% on Group revenues) and negative FX effects.

o Mobile service revenues declined only slightly by 0.7% on a Group level as growth in Austria, Bulgaria and Serbia almost compensated for the decline in Belarus and Slovenia.
o Fixed-line service revenues rose by 0.5% as growth in Bulgaria and Slovenia outweighed declines in other CEE markets, while they remained flat in Austria.
o Equipment revenues declined by 8.1%, due to a considerably lower number of sold devices following the year-end lockdown measures.

  • Mobile contract subscriber numbers rose by 5.1%, with growth in almost all markets.
  • Fixed-line RGUs decreased by 1.6%, as the group-wide growth in high-bandwidth broadband RGUs could not compensate for the decline in low-bandwidth broadband and fixed-line voice RGUs.
  • Group EBITDA before restructuring increased by 2.8% on the back of operational efficiencies

o Excluding FX and one-off effects as well as restructuring charges EBITDA rose by 5.0%.
o In Austria, successful cost saving measures together with higher service revenues translated into EBITDA before restructuring growth of 4.2%. o In the CEE markets, EBITDA excluding FX and one-off effects grew by 3.7% (reported: -1.2%) due to growth in Bulgaria, Serbia and North Macedonia.

  • Total CAPEX in the full year 2020 declined by 26.0% on Group-level. CAPEX in Austria was 13.4% lower. The CAPEX reduction was a decision taken early in 2020 to ensure flexibility in unstable times due to COVID-19.
  • In FY 2020, free cash flow increased by EUR 159.9 mn due to announced CAPEX cuts (EUR 131.3 mn less CAPEX paid) and better operational performance.
  • A1 Telekom Austria Group is currently working on developing alternatives to reap more benefits from its tower assets through a targeted management focus on internal efficiencies and higher tenancy ratios.
  • Outlook 2021: approximately 1% Group total revenue growth, approx. EUR 800 mn CAPEX excluding spectrum investments and acquisitions.

end of announcement euro adhoc

Attachments with Announcement:
----------------------------------------------
http://resources.euroadhoc.com/documents/287/5/10661244/1/TKA_Q4_2020_Earnings_Release.pdf

issuer: Telekom Austria AG
Lassallestrasse 9
A-1020 Wien
phone: 004350664 47500
FAX:
mail: investor.relations@a1.group
WWW: www.a1.group
ISIN: AT0000720008
indexes: ATX, WBI
stockmarkets: Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/2161/aom

Rückfragen & Kontakt:

Susanne Aglas-Reindl
Head of Investor Relations
A1 Telekom Austria Group
+43 50 664 39420
Susanne.aglas-reindl@a1.group

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | CNE0002