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TKA — Telekom Austria AG News Story

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Telekom Austria's Q3 revenue rises on CEE market strength, lifts FY outlook

Telekom Austria's Q3 revenue rises on CEE market strength, lifts FY outlook


Overview

  • Austria telecom operator's Q3 revenue rose 4.6% yr/yr

  • Q3 EBITDA excluding restructuring grew 1.9% yr/yr

  • Company raised full-year revenue growth outlook to around 4%


Outlook

  • Company raises full-year total revenue growth outlook to around 4% from 2-3%

  • Company now expects full-year CAPEX excluding spectrum and M&A of around EUR 850 mln

  • Company cites positive momentum across markets as reason for raising full-year outlook


Result Drivers

  • CEE MARKETS - Co said strong growth in Central and Eastern Europe drove revenue and service revenue increases

  • NETWORK INVESTMENT - Co attributed performance to investments in next-generation networks and digital infrastructure

  • CUSTOMER GROWTH - Co said increases in mobile and fixed-line customers contributed to revenue growth


Company press release: Full Story


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Income

EUR 195 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the integrated telecommunications services peer group is "buy"

  • Wall Street's median 12-month price target for Telekom Austria AG is €11.40, about 33.8% above its October 19 closing price of €8.52

  • The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago


Reuters Recommended Reads

  • Oct 19 - East European states want more EU fund flexibility to support industry as energy prices rise

  • Oct 20 - Germany's Merz touts defence, AI and chip investment drive in pitch to investors

  • Oct 20 - EU Commission weighs aligning worker posting, social-security procedures


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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