Telekom Austria's A1 Group Reveals Impressive Q1 2024 Results

• A1 Group announced Q1 2024 results with total revenues rising by 0.7%, driven by service revenue growth (+3.1% yoy) in all markets except Slovenia.
• There was a strong decline in equipment revenues (-9.8% yoy).
• EBITDA increased by 4.2% compared to Q1 2023, despite higher core OPEX driven mainly by higher workforce and product related costs.
• Excluding negative FX effects, total revenues and EBITDA excluding restructuring rose by 2.2% and 5.7% respectively.
• In March 2024, A1 acquired frequencies in the 26 GHz spectrum as well as additional regional frequencies in the 3.5 GHz spectrum in Austria.
• The outlook for FY 2024 is confirmed with 3-4% revenue growth and CAPEX (excluding spectrum) of approximately EUR 800 million.

The next important date, Quarterly report, at Telekom Austria is on 23.04.2024.

The price of Telekom Austria at the time of the news was 7,9200EUR and was up +1,54 % compared with the previous day.

Telekom Austria

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ISIN:AT0000720008WKN:588811

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