"Another quarter of beating estimates"; Telekom Austria rises
15/02/2023 08:59
** Telekom Austria TELA.VI rises around 4.2% as the
Austrian telecommunications firm delivered on Tuesday a fourth
quarter beat regarding both revenue and EBITDA
** The Vienna-based firm reported Q4 revenue of 1.34 billion
euros ($1.44 billion) and an EBITDA before restructuring costs
of 455 million euros, 4% and 5% respectively above consensus
according to J.P. Morgan
** The growth was primarily led by the company's performance
in Austria and Bulgaria, Erste Group research notes
** Telekom Austria furthermore introduced its guidance for
2023, aiming at a revenue growth of around 4%
** "We note Telekom Austria generally guides prudently,
hence starting the year ahead of consensus offers a strong
message", J.P. Morgan says
($1 = 0.9338 euros)
(Reporting by Tristan Chabba)
((Tristan.chabba@thomsonreuters.com))