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AMOV - America Movil SAB De CV News Story

$14.79 0.1  0.5%

Last Trade - 12/05/21

Sector
Telecoms
Size
Large Cap
Market Cap £34.90bn
Enterprise Value £59.02bn
Revenue £35.84bn
Position in Universe 254th / 6856

UPDATE 1-A1 Telekom Austria books 30 pct profit drop, but ups dividend

Tue 12th February, 2019 7:08pm
(Adds detail, outlook, CEO)
    VIENNA, Feb 12 (Reuters) - A1 Telekom Austria  TELA.VI 
reported a 30 percent fall in its full-year net profit on
Tuesday, hurt by investment in digitalisation, restructuring,
advertising and higher taxes.
    Austria's leading telecommunications and data services
provider, majority-owned by Mexican tycoon Carlos Slim's America
Movil  AMXL.MX , said it will nonetheless propose to raise its
dividend for 2018 by 1 cent to 0.21 euros per share.
    The company, in which the Austrian state also holds a 28.4
percent stake, said it booked a net profit of 242.7 million
euros ($274.7 million) in 2018. 
    Full-year earnings before interest, tax, depreciation and
amortisation (EBITDA), excluding restructuring costs, rose 1.6
percent to 1.40 billion euros. Earnings grew in Austria,
Croatia, Bulgaria, Belarus and Macedonia, but not in Slovenia
and Belarus.     
    Revenues increased by 1.8 percent to 4.47 billion euros,
helped by high demand for mobile wifi routers in Austria, where
the group makes more than half its revenue. It forecast revenue
would increase 2 percent this year. 
    A1 Telekom Austria has been heavily investing in rebranding
all its operations into the A1 brand and is preparing for
Austria's first 5G auction of the 3.4 to 3.8 GHz band. 
    The auction will mainly speed up data services in densely
populated areas and is scheduled for later this month.
    "We are well on the way to transforming our company from a
traditional telecommunications provider into a digital service
provider," said Chief Executive Thomas Arnoldner in a statement.
    The group said it plans to invest 770 million euros in 2019,
but that this sum did not include investment in spectrum or
acquisition.    
    
    ($1 = 0.8835 euros)

 (Reporting by Kirsti Knolle
Editing by Edmund Blair and Jan Harvey)
 ((kirsti.knolle@thomsonreuters.com; +43 1 53112 255; Reuters
Messaging: kirsti.knolle.thomsonreuters.com@reuters.net    
www.reuters.com))
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