Brief: A1 Telekom Austria expects 2% revenue decline in 2020

Telekom Austria AG

14/07/2020 18:05

July 14 (Reuters) - A1 Telekom Austria  TELA.VI :
    * SAYS GROUP TOTAL REVENUES DECREASED BY 2.4%
    * SAYS MOBILE CONTRACT SUBSCRIBERS ROSE BY 3.7% WITH GROWTH
IN
ALMOST ALL MARKETS
    * SAYS GROUP EBITDA BEFORE RESTRUCTURING CHARGES INCREASED
BY 0.5%
(REPORTED: -0.5%)
    * SAYS NET RESULT INCREASED BY 62.7% COMPARED TO PREVIOUS
YEAR,
BOTH PERIODS BEING SIGNIFICANTLY IMPACTED BY DECIDED TAX CASES
IN BULGARIA
    * SAYS Q2 2020 SHOWED A PARTICULARLY STRONG FREE CASH FLOW
GENERATION OF EUR 158.8 MN
    * SAYS OUTLOOK 2020: AROUND 2% DECLINE OF TOTAL REVENUES
    * SAYS CAPEX CUTS OF AROUND 25% COMPARED TO INITIAL OUTLOOK
(EUR
770 MN CAPITAL EXPENDITURES BEFORE SPECTRUM AND ACQUISITIONS)

Source text for Eikon:  ID:nAPA6dVW2C 
Further company coverage:  TELA.VI 

 (Reporting by Vienna Newsroom)
 ((vienna.newsroom@thomsonreuters.com;))