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Telekom Austria AG

Published: January 30, 2017; 18:02 · (FriedlNews)

Today, the Telekom Austria Group (VSE: TKA, OTC US: TKAGY) announces its results for fourth quarter and full year 2016, ending 31 December 2016.


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annual result

Vienna, 30 January 2017 - Today, the Telekom Austria Group (VSE: TKA, OTC US:
TKAGY) announces its results for fourth quarter and full year 2016, ending 31
December 2016.

> Reported net result increased by 26.3% to EUR 106.5mn (Q4 2015: EUR 84.3
> Group total revenues declined by 0.9% on a proforma1 and by 0.7% on a

reported basis mainly driven by roaming

> Group EBITDA declined by 17.7% on a proforma1 and by 17.6% on a reported
> Proforma revenues and EBITDA rose by 1.6% and 2.4% y-o-y on an adjusted

basis excluding: > EUR 10.5 mn positive one-off effects in total revenues in
Austria in Q4 2015: Reversal of accruals in fixed-line and other revenues > EUR
10.0 mn positive one-off effect in total revenues in Slovenia in other
operating income in Q4 2015: Agreement on settling mutual relations and
business collaboration with Telekom Slovenije > Restructuring charges amounting
to negative EUR 26.8 mn in Q4 2016 vs. positive EUR 16.6 mn in Q4 2015 due to a
EUR 21.6 mn positive one-off effect in Q4 2015 stemming from a legal settlement
and a negative impact in Q4 2016 resulting from a revaluation in Q3 2016 >
Negative FX effects in Q4 2016: EUR 7.1 mn and EUR 2.4 mn in revenues and
EBITDA > On an operating level better service revenue trends and ongoing strong
cost efficiencies managed to offset effects from the stepwise retail roaming
abolition and higher equipment costs > Austria: Excluding one-off effects and
restructuring charges EBITDA margin rose in spite of lower revenues due to
decreases in roaming and equipment revenues > CEE: Continuing strong
operational trends in Croatia and Belarus, first improvements in Bulgaria >
Group outlook2 2017: approx. +1% total revenues, CAPEX3 of approx. EUR 725 mn

1 Proforma figures include M&A transactions made between the start of the
comparison period and the end of the reporting period. 2 Outlook based on
reported numbers and on a constant currency basis, except for Belarus 3 Does
not include investment in spectrum and acquisitions.

Further information about the results can be found here:

The earnings release can be found here:

Disclaimer for forward-looking statements: This document contains
forward-looking statements. These forward-looking statements are usually
accompanied by words such as "believe", "intend", "anticipate", "plan",
"expect" and similar expressions. Actual events may differ materially from
those anticipated in these forward-looking statements as a result of a number
of factors. Forward-looking statements involve inherent risks and
uncertainties. A number of important factors could cause actual results or
outcomes to differ materially from those expressed in any forward-looking
statement. Neither Telekom Austria Group nor any other person accepts any
liability for any such forward-looking statements. Telekom Austria Group will
not update these forward-looking statements, whether due to changed factual
circumstances, changes in assumptions or expectations. This report does not
constitute a recommendation or invitation to purchase or sell securities of
Telekom Austria Group.

Further inquiry note:
Susanne Reindl
Head of Investor Relations
Telekom Austria Group
Tel: +43 050 664 39420

end of announcement euro adhoc

Attachments with Announcement:

company: Telekom Austria AG
Lassallestrasse 9
A-1020 Wien


sector: Telecommunications
ISIN: AT0000720008
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wien
language: English

Digital press kit:


OTE0001 2017-01-30/18:02

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