EANS-News

Telekom Austria AG / (with document)

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

annual result

Vienna, 30 January 2017 - Today, the Telekom Austria Group (VSE: TKA,
OTC US: TKAGY) announces its results for fourth quarter and full year
2016, ending 31 December 2016.

> Reported net result increased by 26.3% to EUR 106.5mn (Q4 2015: EUR 84.3
mn)
> Group total revenues declined by 0.9% on a proforma1 and by 0.7% on a
reported basis mainly driven by roaming
> Group EBITDA declined by 17.7% on a proforma1 and by 17.6% on a reported
basis
> Proforma revenues and EBITDA rose by 1.6% and 2.4% y-o-y on an adjusted
basis excluding:
> EUR 10.5 mn positive one-off effects in total revenues in Austria in Q4
2015: Reversal of accruals in fixed-line and other revenues
> EUR 10.0 mn positive one-off effect in total revenues in Slovenia in
other operating income in Q4 2015: Agreement on settling mutual relations and
business collaboration with Telekom Slovenije
> Restructuring charges amounting to negative EUR 26.8 mn in Q4 2016 vs.
positive EUR 16.6 mn in Q4 2015 due to a EUR 21.6 mn positive one-off effect in
Q4 2015 stemming from a legal settlement and a negative impact in Q4 2016
resulting from a revaluation in Q3 2016
> Negative FX effects in Q4 2016: EUR 7.1 mn and EUR 2.4 mn in revenues
and EBITDA
> On an operating level better service revenue trends and ongoing strong
cost efficiencies managed to offset effects from the stepwise retail roaming
abolition and higher equipment costs
> Austria: Excluding one-off effects and restructuring charges EBITDA
margin rose in spite of lower revenues due to decreases in roaming and equipment
revenues
> CEE: Continuing strong operational trends in Croatia and Belarus, first
improvements in Bulgaria
> Group outlook2 2017: approx. +1% total revenues, CAPEX3 of approx. EUR
725 mn

1 Proforma figures include M&A transactions made between the start of
the comparison period and the end of the reporting period. 2 Outlook
based on reported numbers and on a constant currency basis, except
for Belarus 3 Does not include investment in spectrum and
acquisitions.

Further information about the results can be found here:
http://www.telekomaustria.com/en/ir/interim-results

The earnings release can be found here: http://cdn1.telekomaustria.co
m/final/en/media/pdf/results-qu4-2016.pdf

Disclaimer for forward-looking statements: This document contains
forward-looking statements. These forward-looking statements are
usually accompanied by words such as "believe", "intend",
"anticipate", "plan", "expect" and similar expressions. Actual events
may differ materially from those anticipated in these forward-looking
statements as a result of a number of factors. Forward-looking
statements involve inherent risks and uncertainties. A number of
important factors could cause actual results or outcomes to differ
materially from those expressed in any forward-looking statement.
Neither Telekom Austria Group nor any other person accepts any
liability for any such forward-looking statements. Telekom Austria
Group will not update these forward-looking statements, whether due
to changed factual circumstances, changes in assumptions or
expectations. This report does not constitute a recommendation or
invitation to purchase or sell securities of Telekom Austria Group.

Attachments with Announcement:
----------------------------------------------
http://resources.euroadhoc.com/us/N3CZKT0l
http://resources.euroadhoc.com/us/RXo1zSsl

Further inquiry note:
Susanne Reindl
Head of Investor Relations
Telekom Austria Group
Tel: [phone]
Email: [e-mail]

end of announcement euro adhoc
--------------------------------------------------------------------------------

Attachments with Announcement:

----------------------------------------------

http://resources.euroadhoc.com/us/N3CZKT0l

http://resources.euroadhoc.com/us/RXo1zSsl



company: Telekom Austria AG
Lassallestrasse 9
A-1020 Wien
mail: [e-mail]
WWW: www.telekomaustria.com/ir
sector: Telecommunications
ISIN: AT0000720008
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wien
language: English