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A1 Telekom Austria Reports Strong Growth in 2019

Financial results News - Published on Wed, 12 Feb 2020

Image Source: A1 Telekom Austria
A1 Telekom Austria Group CEO Mr Thomas Arnoldner said "The A1 Telekom Austria Group recorded again a strong operating performance for the full year 2019 and successfully continued its growth course. For the first time in 15 years, we have EBITDA growth in all segments for the full year. Revenues increased by 2.9% for the full year, Group EBITDA adjusted for restructuring charges grew by 4.7%. Reported net profit for the full year 2019 increased to EUR 327.4 million, compared to EUR 243.7 million in the previous year. Free cash flow excluding spectrum investments also grew significantly by 8.2% in 2019. The solid development in Austria, growth in CEE as well as operational efficiencies were decisive for the positive development in the full year, as regulatory effects such as the reduction of charges for international EU calls also had to be compensated. 2020 is dominated by 5G and the digital transformation. At the beginning of the year, we put Austria's largest 5G network into operation and launched a trendsetting tariff portfolio. At the same time, we are also laying the foundation for the 5Giganetz, the combination of Austria's largest fiber-optic network and the new 5G mobile communications generation, as we continue to expand our fiber-optic network. In this way, we are creating the basis for digital innovations, the first applications such as campus networks have already been successfully implemented with business customers. All in all, we consider ourselves well equipped for the digital future.“

Highlights
Full-year EBITDA growth in all segments for the first time in 15 years
Revenue growth and strong operating EBITDA growth in 2019
Total increase in mobile subscribers +1.3%, mobile contract subscribers +4.4%
EBITDA growth in all markets in Q4
Well equipped for the digital future

Source :

Posted By : TelecomGuru on Wed, 12 Feb 2020
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