Telekom Austria: A1 Group announces results for Q2 2023 and H1 2023.

Relevant documentation on the results can be found at the following link:
https://www.a1.group/en/ir/interim-results
 

For more information, visit the website: https://www.a1.group/en/investor-relations

Highlights Q2 2023

• Revenues: +7% vs. Q2 2022 to EUR 1,299 mn,
   driven by value-protecting pricing measures and upselling.
• Revenue guidance: Revenues expected to grow by around 5% in financial year 2023
   (previously: around +4%).
• EBITDA: +6% vs. Q2 2022 to EUR 486 mn,
   due to the positive revenue development and despite higher
   operating expenses.
• Financial result: The significant year-on-year increase in interest rates is reflected
   in the interest expense. In addition, currency effects had a
   negative impact on the financial result.
• CAPEX: Increase of EUR 148 mn to EUR 359 mn,
   of which approximately EUR 110 million for frequencies in
   Croatia.
• Free cash flow: Below prior year due to higher CAPEX and changes in working capital.
• Dividend: EUR 0.32 per share (total EUR 213 mn) paid to shareholders.
• Rating: First rating by Fitch: With an A-, Telekom Austria has the best
   Fitch rating of all European telcos.
• Towers: Next step for the spin-off of the tower business: Extraordinary
   General Meeting on August 1, 2023.

Best regards
A1 Group Investor Relations