in EUR million Q3 2015 Q3 2014 % change 1-9M 2015 1-9M 2014 3) % change
Revenues 1,011.6 1,048.7 -3.5% 2,950.4 2,987.7 -1.2%
EBITDA comparable 386.4 414.6 -6.8% 1,051.7 1,034.0 1.7%
EBITDA comparable margin 38.2% 39.5% 35.6% 34.6%
Operating income 189.2 200.0 -5.4% 450.0 36.8 n.m.
Net income 137.1 127.8 7.3% 308.4 -136.5 n.m.
Cash flow generated from operations 271.5 300.6 -9.7% 806.0 674.0 19.6%
Earnings per share (in EUR) 0.20 0.27 -28.2% 0.44 -0.35 n.m.
Free cash flow per share (in EUR) 0.15 0.37 -58.1% 0.55 0.47 16.0%
Capital expenditures 1) 171.7 143.6 19.6% 445.5 472.5 -5.7%
in EUR million 30 Sep 2015 31 Dec 2014 % change
Net debt 4) 2,572.6 2,693.3 -4.5%
Net debt / EBITDA comparable (12 months) 4) 2.0x 2.1x

All financial figures are based on IFRS; if not stated otherwise, all comparisons are given year-on-year. EBITDA comparable is defined as net income excluding financial result, income taxes, depreciation and amortisation, restructuring and impairment charges.

1) Does not include investment in spectrum and acquisitions.
2) Intended proposal to the Annual General Meeting 2016.
3) The 2014 comparison period was adjusted according to IAS 8, see page 33 for details.
4) As of 31 December 2014 long-term financial investments, instalment sales receivables and financial leasing are no longer included in the calculation of net debt; comparative figures have been restated accordingly.

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 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 nor any other person accepts any liability for any such forward-looking statements. Telekom Austria 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.

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