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Telekom Austria Q4 revenues up 4.5% after acquisitions
2016-02-09 20:58:00| Telecompaper Headlines
(Telecompaper) Telekom Austria Group reported an increase in fourth-quarter results, helped by its expansion in fixed-line markets in eastern Europe. Revenues rose 4.5 percent year-on-year to EUR 1.076 billion, thanks to the takeovers of Amis in Slovenia and Croatia, One in Macedonia and Blizoo in Bulgaria. The company also benefited from EUR 10 million from a settlement of claims with Telekom Slovenije. Adjusted EBITDA was up 27.3 percent to EUR 320.8 million, helped by a reversal of provisions and lower restructuring charges in Austria. Excluding the one-time items and forex effects, EBITDA was up 7.7 percent, the company said. The net result moved to a profit of EUR 84.3 million compared to a loss of EUR 48.9 million in Q4 2014. Over the full year, Telekom Austria met its outlook for flat revenues, with an increase of just 0.2 percent to EUR 4.027 billion. Growth in Austria and the acquisitions were offset by negative currency effects, particularly in Belarus, as well as the weaker economic climate in east Europe. Telekom Austria said it expects similar market conditions in 2016. Excluding currency effects, it aims to grow revenues around 1 percent, while maintaining the dividend at 5 cents a share.
Tags: austria
revenues
telekom
acquisitions
Category:Telecommunications
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