TELEKOM AUSTRIA AG 
Earnings Update Q1 2024
Highlights
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Total revenues rose by 0.7%, driven by service revenue growth (+3.1% yoy) in local currency in all markets except Slovenia, offsetting strong decline in equipment revenues (-9.8% yoy)
Service revenue growth supported by solutions & connectivity and mobile business but impacted by negative currency effect, declining interconnection and fixed voice business
EBITDA up 4.2% in comparison to Q1 2023, despite higher core OPEX driven mainly by higher workforce and product related costs
Excluding negative FX effects, total revenues and EBITDA excl. restructuring rose by 2.2% and 5.7% respectively
Spectrum acquisition in Austria: A1 acquired in March 2024 frequencies in the 26 GHz spectrum as well as additional regional frequencies in the 3.5 GHz spectrum
Outlook confirmed for FY 2024: 3-4% revenue growth, CAPEX (ex. spectrum) of ~EUR 800 mn
In this Earnings Update, rounding differences may occur in the summing of rounded amounts due to the use of automatic calculation tools.
Please note that this presentation, besides reported values, also contains values on a pro forma basis, due to the towers spin-off in 2023. Pro forma means, data of the comparison period has been adjusted, as if the towers have already been spun-off in the respective period.
Results for Q1 2024 | 2 |
Key financial data
in EUR million | Q1 2024 | Q1 2023 | ∆ |
Total revenues | 1,267 | 1,258 | 0.7% |
Service revenues | 1,071 | 1,038 | 3.1% |
Equipment revenues | 176 | 195 | -9.8% |
Other operating income | 21 | 24 | -15.6% |
Wireless revenues | 752 | 754 | -0.3% |
Service revenues | 596 | 583 | 2.2% |
Equipment revenues | 156 | 171 | -8.7% |
Wireline revenues | 495 | 480 | 3.1% |
Service revenues | 475 | 456 | 4.2% |
Equipment revenues | 20 | 24 | -17.6% |
EBITDA before restructuring | 475 | 457 | 4.0% |
EBITDA margin before restructuring | 37.5% | 36.3% | 1.2pp |
EBITDA 1) | 454 | 436 | 4.2% |
EBITDA margin | 35.9% | 34.7% | 1.2pp |
EBITDAaL 2) | 353 | 389 | -9.2% |
EBITDAaL margin | 27.9% | 30.9% | -3.0pp |
Depreciation, amortization, impairments | 277 | 241 | 14.8% |
EBIT 3) | 178 | 195 | -8.9% |
EBIT margin | 14.0% | 15.5% | -1.5pp |
Net result | 117 | 135 | -13.3% |
Net margin | 9.2% | 10.7% | -1.5pp |
Capital expenditures | 233 | 247 | -5.6% |
Tangible | 197 | 205 | -4.2% |
Intangible | 37 | 42 | -12.2% |
Free cash flow | 52 | 93 | -44.4% |
31. Mar. 2024 | 31. Dec. 2023 | ∆ | |
Net debt / EBITDA (12 months) | 1.3 | 1.3 | -2.9% |
Net debt (exkl. leases) / EBITDAaL (12 months) | 0.4 | 0.4 | -5.2% |
Customer indicators (thousand) | 31. Mar. 2024 | 31. Dec. 2023 | ∆ |
Mobile subscribers | 25,441 | 24,116 | 5.5% |
Postpaid | 21,818 | 20,370 | 7.1% |
Prepaid | 3,623 | 3,746 | -3.3% |
RGUs 4) | 6,267 | 6,220 | 0.8% |
Q1 2024 | Q1 2023 | ∆ | |
ARPU (in EUR) 5) | 7.8 | 8.1 | -3.2% |
ARPL (in EUR) 6) | 26.1 | 25.6 | 2.0% |
Mobile churn | 1.3% | 1.3% | 0.0pp |
Q1 2024 | Q1 2023 | ∆ | |
Employees (full-time equivalent) | 17,559 | 17,871 | -1.7% |
- Earnings Before Interest, Tax, Depreciation and Amortization
- EBITDA after Leases: EBITDA - depreciation of lease assets according to IFRS 16 - interest expenses pursuant to IFRS 16
- Operating income according to IFRS
- Revenue Generating Unit
- Average Revenue Per User incl. M2M Subscriber
- Average Revenue Per Line
Results for Q1 2024 | 3 |
Q1 2024 in a nutshell
Total revenues increased by 0.7% year-on-year to EUR 1,267 mn. The increase in service revenues more than outweighed the decline in equipment revenues. Service revenues grew by 3.1% year-on-year up to EUR 1,071 mn mainly driven by retail mobile service revenues while solutions and connectivity and retail fixed-line revenues also rose. Those drivers offset the decline in interconnection revenues. Rising service revenues also offset the declining equipment revenues driven mainly by the mobile business.
Core OPEX increased, mainly driven by higher total workforce costs and higher product-related costs. Those costs could not be fully curbed by lower electricity and advertising costs. Translating the latter results into profits, EBITDA increased by 4.2% year-on-year up to EUR 454 mn. Excluding negative FX impacts, total revenues and EBITDA excluding restructuring increased by 2.2% and 5.7% in a year-on-year comparison.
Compared to previous year's first quarter, CAPEX decreased only slightly to EUR 233mn.
Free Cash Flow (Q1 2024: EUR 53 mn) was EUR 41 mn lower vs Q1 2023, due to higher payments for leases after the tower spin-off as well as negative impacts in changes in working capital.
Since inflation is still on a high level, A1 conducts value protecting measures which are linked to the CPI. In Austria and Bulgaria, where applicable, tariffs were increased by 7.8% and 9.5% respectively.
A1 in Austria successfully participated in a frequency auction securing frequencies in the 26 GHz spectrum as well as additional regional frequencies in the 3.5 GHz spectrum. A1 acquired 400 MHz in the 26 GHz band as well as additional regional frequencies in the 3.5GHz spectrum.The new licenses for the 26 GHz and 3.5 GHz spectrum are valid until Decem- ber 31, 2046, and December 31, 2039, respectively. With an investment of EUR 7.2 mn in total, A1 is enhancing its capacity to provide future-oriented 5G services and solidifying its position as a provider of outstanding network quality in Austria. However, this transaction was not yet booked and hence did not translate into CAPEX.
The management board confirms the guidance for the financial year 2024 (total revenues +3-4%year-on-year, CAPEX excluding frequencies and M&A of around EUR 800mn).
Mobile subscribers and fixed-line RGUs
In the mobile communications business, the number of mobile subscribers increased by 5.5% year-on-year to a total of 25.4 mn. Without the M2M business, the subscriber base decreased slightly (-0.4%). An ongoing shift from prepaid customers to postpaid customers continued in almost all markets: The number of postpaid suscribers rose especially in Croatia and Belarus. Serbia and North Macedonia also posted growth. Altogether, this more than compensated for losses in Austria and Bulgaria. In the prepaid segment, subscriber numbers declined in all markets except for Croatia. The demand for net cubes and data boxes still lasts and hence increased by 4.3% year-on-year, driven by international markets.
In the fixed-line business, the number of revenue generating units (RGUs) increased by 0.8% year-on-year to a total of 6.27 mn. The increase in broadband and TV RGUs could more than compensate the decline in voice RGUs. A significantly strong increase could be recorded for advanced broadband RGUs. Overall, RGU growth was mainly driven by Bulgaria and Belarus, offsetting losses in Austria and Slovenia.
Results for Q1 2024 | 4 |
Group results (Q1 2024)
Total revenues increased by 0.7% to EUR 1,267 mn. The growth in service revenues more than offset a decline in equipment revenues and a rise in core OPEX. Service revenues in the mobile business rose by 2.2% while fixed-line service revenues rose by 4.2% and profited from value protecting measures, upselling and solid demand for high-bandwidth prodcuts. On top, the solutions and connectivity business continued to be a growth driver. Service revenues could be increased in local currency in all countries except Slovenia. Especially Bulgaria and Croatia could increase their total revenues by 7.4% and 7.1% respectively, due to their rising service revenues both retail mobile and fixed and solutions & connectivity. Total workforce costs excl. restructuring increased by 5.4%. Contrarily, electricity costs declined by 6.2% but staying at high levels. EBITDA increased by 4.2% up to EUR 454 mn.
Excluding negative FX effects, total revenues and EBITDA excluding restructuring rose by 2.2% and 5.7% respectively. Depreciation and amortization increased by 3.0%, as D&A on the rights of use assets increased significantly after the tower spin off, overall driving EBIT 8.9% lower year-on-year. EBIT increased by 4.2% on a pro forma level year-on-year.
The financial result amounted to negative EUR 26 mn after negative EUR 21 mn last year. This was driven by the higher interest expense on leases also related to the spin-off, while interest expense on financial debt declined. Income taxes were lower mainly due to the lower taxable income.
Overall, this resulted in a decline in net result of 13.3%. On a proforma basis, net result was higher by 10.5%.
In total, free cash flow amounted to EUR 52 mn, compared to 93 million in Q1 last year.
The decrease versus last year was mainly due to higher payments for leases after the spin-off, while capex was slightly lower compared to last year. The second driver was the negative impact of EUR 52 mn in Q1 2024 (Q1 2023: negative EUR 11 mn) from changes in working capital. The difference stems from an unfavorable time shift in accounts receivables as well as the fiber subsidy received last year in Q1.
Q1 2024 | Q1 2023 | ∆ | |
EBITDA | 454 | 436 | 4.2% |
Restructuring charges and cost of labor obligations | 22 | 23 | -1.7% |
Lease paid (principal, interest and prepayments) | -97 | -66 | 47.6% |
Income taxes paid | -23 | -17 | 33.0% |
Net interest paid | 3 | -2 | n.m. |
Change working capital and other changes | -52 | -11 | n.m. |
Capital expenditures | -233 | -247 | -5.6% |
Social plans new funded 1) | -23 | -23 | -0.7% |
FCF after social plans new | 52 | 93 | -44.4% |
- Cost for social plans granted in the respective period
Results for Q1 2024 | 5 |
Net debt
As of March 31, 2024, the balance sheet total slightly increased compared to the level as of December 31, 2023 (+0.5%). Current liabilities decreased by 2.4% mainly due to the full redemption of short-term debt. Stockholders' equity increased by 2.5% mainly due net income generation. Net debt (incl. leases)/EBITDA stayed the same compared to December 31, 2023, at a ratio of 1.3. Net debt (excl. leases)/EBITDAaL stayed at the same ratio as well (0.4x).
in EUR million | 31. Mar. 2024 | 31. Dec. 2023 | ∆ | |||||
Long-term debt | 748 | 748 | 0.0% | |||||
Lease liability long-term | 1,657 | 1,672 | -0.9% | |||||
Short-term debt | 0 | 60 | -99.9% | |||||
Lease liability short-term | 294 | 284 | 3.6% | |||||
Cash and cash equivalents | -155 | -169 | -7.9% | |||||
Net debt (incl. leases) | 2,544 | 2,595 | -2.0% | |||||
Net debt (incl. leases) / EBITDA | 1.3x | 1.3x | -2.9% | |||||
Net debt (excl. leasing) | 593 | 639 | -7.3% | |||||
Net debt excl leasing / EBITDAaL | 0.4x | 0.4x | -5.2% | |||||
Reported vs. proforma view | ||||||||
Reported | Reported | pro forma | pro forma | |||||
in EUR million | Q1 2024 | Q1 2023 | ∆ | Q1 2024 | Q1 2023 | ∆ | ||
Total revenues | 1,267 | 1,258 | 0.7% | 1,267 | 1,255 | 0.9% | ||
EBITDA | 454 | 436 | 4.2% | 454 | 439 | 3.4% | ||
EBITDA after leases | 353 | 389 | -9.2% | 353 | 346 | 2.0% | ||
EBIT | 178 | 195 | -8.9% | 178 | 170 | 4.2% | ||
Net result | 117 | 135 | -13.3% | 117 | 106 | 10.5% | ||
Underlying performance | ||||||||
Reported | Reported | pro forma | pro forma | |||||
in EUR million | Q1 2024 | Q1 2023 | ∆ | Q1 2024 | Q1 2023 | ∆ | ||
Total revenues | 1,267 | 1,258 | 0.7% | 1,267 | 1,255 | 0.9% | ||
FX effects | 18 | 0 | n.m. | 18 | 0 | n.m. | ||
One-off effects | 0 | 0 | n.m. | 0 | 0 | n.m. | ||
Total revenues adjusted | 1,285 | 1,258 | 2.2% | 1,285 | 1,255 | 2.4% | ||
Group EBITDA | 454 | 436 | 4.2% |
FX effects | 8 | n.m. | n.m. |
One-off effects | 0 | 0 | n.m. |
Restructuring charges | 21 | 21 | -0.7% |
EBITDA adjusted | 483 | 457 | 5.7% |
454 | 439 | 3.4% |
8 | 0 | n.m. |
0 | 0 | n.m. |
21 | 21 | -0.7% |
483 | 460 | 5.0% |
Results for Q1 2024 | 6 |
Segment overview
Segment Austria
in EUR million | Q1 2024 | Q1 2023 | ∆ |
Total revenues | 680 | 677 | 0.4% |
Service revenues | 605 | 595 | 1.7% |
Equipment revenues | 61 | 71 | -13.8% |
Other operating income | 14 | 12 | 18.8% |
Wireless revenues | 317 | 314 | 0.8% |
Service revenues | 266 | 257 | 3.6% |
Equipment revenues | 51 | 58 | -11.9% |
Wireline revenues | 349 | 351 | -0.6% |
Service revenues | 339 | 338 | 0.2% |
Equipment revenues | 10 | 13 | -22.4% |
Total revenues excl. international business* | 644 | 636 | 1.2% |
Service revenues excl. international business* | 570 | 555 | 2.6% |
EBITDA before restructuring | 257 | 253 | 1.6% |
EBITDA margin before restructuring | 37.8% | 37.4% | 0.4pp |
EBITDA | 236 | 232 | 1.8% |
EBITDA margin | 34.7% | 34.2% | 0.5pp |
EBITDAaL | 181 | 209 | -13.6% |
EBITDAaL margin | 26.6% | 30.9% | -4.3pp |
EBITDA excl. international business* | 232 | 228 | 1.6% |
EBIT | 79 | 95 | -16.7% |
EBIT margin | 11.6% | 14.0% | -0.4pp |
Customer indicators (thousand) | |||
Mobile subscribers | 5,098 | 5,148 | -1.0% |
RGUs | 2,807 | 2,917 | -3.8% |
Q1 2024 | Q1 2023 | ∆ | |
ARPU (in EUR) | 17.3 | 16.6 | 4.5% |
Mobile churn | 1.4% | 1.2% | -0.2pp |
- International business revenues (mainly comprising transit and connectivity revenues) as reported in Austria, shown separately as it is not reflecting Austrian business perfor- mance
In Austria, major trends of previous quarters remained pretty stable. Value-protecting measures were again implemented effective as of April 1st , 2024 linked to the 7.8% CPI increase. In the first quarter of 2024, total revenues in Austria increased slightly as the increase in service revenues more than offset the declining equipment revenues. The growth in service revenues was driven by the retail mobile business, which profited from value-protecting measures undertaken last year. The solutions and connectivity business also rose while retail fixed-line revenues were flat year-on-year. The latter profited from value-securing measures, solid demand for high-bandwith products, which however were offset by the decline in RGUs with low-bandwidth as well as voice losses. Interconnection revenues registered regulatory-driven losses.
On the cost side, core OPEX rose primarily due to higher total workforce costs mainly due to the inflation-driven rises after the collective bargaining agreement. Costs for revenue-related items like content and licenses, as well as for network maintenance also increased. This was only partly mitigated by lower electricity costs. EBITDA increased as the service revenue increase together with a slightly improved equipment margin offset the higher core OPEX.
Results for Q1 2024 | 7 |
International segments
International segments comprise the segments Bulgaria, Croatia, Belarus, Slovenia, Serbia and North Macedonia. In Q1 2024, total revenues grew in the international business of A1 Group driven by 4.7% higher service revenues overcompensating the losses in equipment revenues. Service revenues rose on the back of value-protecting measures taken last year, successfull upselling, high demand for high-bandwidth broadband solutions and the growing solutions and connectivity business. Service revenue growth translated into EBITDA growth of 5.3%, despite the increase in core OPEX of 4.2% mainly driven by higher workforce costs. In constant currency, total revenues, service revenues and EBITDA from the international business rose by 4.0%, 7.8% and 9.0% year-on-year, respectively.
in EUR million | Q1 2024 | Q1 2023 | ∆ |
Total revenues | 593 | 587 | 0.9% |
Service revenues | 470 | 449 | 4.7% |
Equipment revenues | 115 | 124 | -7.7% |
Other operating income | 8 | 14 | -43.4% |
Wireless revenues | 436 | 440 | -0.8% |
Service revenues | 331 | 327 | 1.4% |
Equipment revenues | 105 | 113 | -7.2% |
Wireline revenues | 148 | 133 | 11.4% |
Service revenues | 139 | 122 | 13.6% |
Equipment revenues | 10 | 11 | -13.0% |
EBITDA | 230 | 218 | 5.3% |
EBITDA margin | 38.7% | 37.1% | 1.6pp |
EBITDAaL | 183 | 193 | -5.0% |
EBITDAaL margin | 31.0% | 32.9% | -1.9pp |
EBIT | 111 | 114 | -2.6% |
EBIT margin | 18.8% | 19.5% | -0.7pp |
Customer indicators (thousand) | |||
Mobile subscribers | 14,957 | 14,867 | 0.6% |
RGUs | 3,461 | 3,304 | 4.8% |
Q1 2024 | Q1 2023 | ∆ | |
ARPU (in EUR) | 7.4 | 7.3 | 0.8% |
Mobile churn | 1.7% | 1.7% | 0.0pp |
Bulgaria
in EUR million | Q1 2024 | Q1 2023 | ∆ |
Total revenues | 177 | 165 | 7.4% |
Service Revenues | 144 | 128 | 12.6% |
EBITDA | 77 | 68 | 12.6% |
EBITDA margin | 43.5% | 41.5% | 2.0pp |
In Bulgaria, market trends remained mostly unchanged. Value-protecting measures related to inflation were implemented again, with the full impact becoming effective as of April 2024. Total revenues posted strong growth and were driven by mobile and fixed-line service revenues, as well as solid growth in ICT solutions business, while equipment revenues slightly
Results for Q1 2024 | 8 |
declined. Mobile service revenues grew by 6.5% on the back of value protecting measures and successful upselling. Trends in the fixed-line business also remained encouraging with 23.0% higher fixed-line service revenues.
Retail-fixed line service revenues saw positive trends in TV and broadband and also profited from the value-protecting meas- ures. Mobile subscriber numbers decreased slighty due to business segment optimizations. Fixed RGUs grew due to the increase in broadband and TV subscribers. Core OPEX rose mainly driven by revenue-related costs as well as total workforce costs. Overall, strong service revenue growth translated into EBITDA growth.
Croatia
in EUR million | Q1 2024 | Q1 2023 | ∆ |
Total revenues | 128 | 120 | 7.1% |
Service Revenues | 105 | 96 | 9.6% |
EBITDA | 49 | 40 | 22.8% |
EBITDA margin | 38.3% | 33.4% | 4.9pp |
In Q1 2024, A1 Croatia recorded solid results. On the back of previous increased investments in the fixed and mobile network and value securing measures, A1generated growth both in its mobile and fixed subscriber base as well as in revenues. Besides higher retail mobile and retail fixed-line revenues, the solutions and connectivity also posted growth, driven by ICT solutions. Core opex was higher, mainly visible through higher employee and electricity costs, as well as revenue-related costs. EBITDA growth was particularily strong in this quarter as besides solid operational results the opex development benefitted from periodization and certain delays to upcoming quarters.
Belarus
in EUR million | Q1 2024 | Q1 2023 | ∆ |
Total revenues | 101 | 115 | -12.6% |
Service Revenues | 77 | 88 | -12.2% |
EBITDA | 45 | 53 | -15.0% |
EBITDA margin | 44.6% | 45.9% | -1.3pp |
in BYN million | Q1 2024 | Q1 2023 | ∆ |
Total revenues | 351 | 340 | 3.1% |
Service Revenues | 278 | 268 | 3.6% |
EBITDA | 157 | 156 | 0.3% |
EBITDA margin | 44.6% | 45.9% | -1.3pp |
The geopolitical and regulatory situation in Belarus continued to weigh on the overall business environment and A1 Belarus still faces several challenges. The supply chain with key vendors has been interrupted since 2022 and A1 Belarus re-established deliveries under the new sanction framework and telco exception rules. Additionally, a highly strict price policy is in place to address inflation, restricting A1's ability to adjust prices. Despite persisting supply chain pressure, operational results were growing in Q1 2024.
The Belarusian ruble depreciated by 15.2% on period average in Q1 compared to the previous year against the euro but remains rather stable since end of the year 2023.
In Euros, total revenues in Belarus decreased by 12.6%. Both, service and equipment revenues declined. In local currency, total revenues increased by 3.1%, mainly driven by an increase in service revenues (+3.6% year-on-year).
On the cost side, in euros, core OPEX decreased by 11.4% mainly due to improvements in the areas of employee costs, content costs and bad debts. Whereas in local currency units, core OPEX increased by 4.5% year-on-year, mainly due to higher total workforce costs and corporate network costs.
In Euros, EBITDA declined by 15% but increased slightly by 0.3% in local currency.
Results for Q1 2024 | 9 |
Serbia
in EUR million | Q1 2024 | Q1 2023 | ∆ |
Total revenues | 93 | 91 | 1.7% |
Service Revenues | 69 | 65 | 6.3% |
EBITDA | 32 | 31 | 2.9% |
EBITDA margin | 34.2% | 33.8% | 0.4pp |
In Serbia, market conditions remained pretty unchanged. Total revenues grew mainly driven by an increase in the retail mobile business. Core OPEX increased due to higher total workforce costs as well as higher electricity costs. In this challenging environment on the cost side, EBITDA still grew.
Slovenia
in EUR million | Q1 2024 | Q1 2023 | ∆ |
Total revenues | 56 | 62 | -8.8% |
Service Revenues | 43 | 44 | -1.9% |
EBITDA | 14 | 14 | -3.5% |
EBITDA margin | 24.2% | 22.8% | 1.4pp |
In Slovenia, a market with a very competitve environment, total revenues decreased caused by decreasing mobile equipment revenues as well as decreasing service revenues in the retail mobile business and in the retail fixed business. Core OPEX decreased mainly due to lower electricity costs and lower network maintenance costs. The latter effect led to a slight decrease in core OPEX. Overall, this resulted in a decline in EBITDA.
North Macedonia
in EUR million | Q1 2024 | Q1 2023 | ∆ |
Total revenues | 39 | 35 | 10.1% |
Service Revenues | 33 | 29 | 12.7% |
EBITDA | 13 | 12 | 12.6% |
EBITDA margin | 33.8% | 33.1% | 0.7pp |
In North Macedonia, positive market trends continued. Service revenues increased. This was mainly caused by an increase in the mobile business but also higher ICT solutions revenues. Core OPEX increased due to an increase in total workforce costs and revenue-related higher expenses for licenses and software for resale. Summing it up, revenues outweighed core OPEX leading to an increase in EBITDA.
Results for Q1 2024 | 10 |
Condensed Consolidated Statement of Comprehensive Income
Q1 2024 | Q1 2023 | ||
in EUR million, except per share information | ∆ | ||
Service revenues | 1,071 | 1,038 | 3.1% |
Equipment revenues | 176 | 195 | -9.8% |
Other operating income | 21 | 24 | -15.6% |
Total revenues (incl. other operating income) | 1,267 | 1,258 | 0.7% |
Cost of service | -366 | -356 | 3.0% |
Cost of equipment | -175 | -194 | -10.1% |
Selling, general & administrative expenses | -269 | -270 | -0.2% |
Other expenses | -2 | -2 | 26.0% |
Total cost and expenses | -813 | -822 | -1.1% |
Earnings before interest, tax, depreciation and amortization (EBITDA) | 454 | 436 | 4.2% |
Depreciation and amortization | -196 | -199 | -1.4% |
Depreciation of right-of-use assets | -81 | -42 | 90.7% |
Impairment | 0 | 0 | |
Operating income (EBIT) | 178 | 195 | -8.9% |
Interest income | 4 | 3 | 38.3% |
Interest expense | -24 | -19 | 25.0% |
Interest on employee benefits and restructuring and other financial items, net | -5 | -3 | 38.3% |
Foreign currency exchange differences, net | -1 | -1 | -11.5% |
Equity interest in net income ofassociated companies | 0 | 0 | 245.1% |
Financial result | -26 | -21 | 22.5% |
Earnings before income tax (EBT) | 151 | 174 | -12.8% |
Income tax | -34 | -39 | -11.1% |
Net result | 117 | 135 | -13.3% |
thereof, attributable to the equity holders of the parent | 117 | 135 | -13.3% |
thereof, non-controlling interests | 0 | 0 | 4.8% |
Earnings per share attributable to equity holders of the parent in euro* | 0.18 | 0.20 | -13.3% |
Other comprehensive income items | |||
Effect of translation of foreign entities | 2 | -15 | -110% |
Realized result on hedging activities, net of tax | 0 | 1 | -100% |
Unrealized result on debt instruments at fair value, net of tax | 0 | 0 | -87% |
Items that may be reclassified to the net result | 2 | -14 | -111% |
Remeasurement of defined benefit obligations, net of tax | -2 | -0 | n.m. |
Items that will not be reclassified to the net result | -2 | -0 | n.m. |
Total other comprehensive income (loss) | -0 | -14 | -100% |
Total comprehensive income (loss) | 117 | 121 | -3% |
thereof, attributable to the equity holders of the parent | 117 | 121 | -3% |
thereof, non-controlling interests | 0 | 0 | 5% |
* Basic and diluted, weighted-average number of ordinary shares outstanding was constantly 664,084,841
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Telekom Austria AG published this content on 16 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 April 2024 17:15:03 UTC.
