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General

Telekom Austria forecasts return to revenue growth in 2015

Wednesday 11 February 2015 | 10:07 CET | News
Telekom Austria reported revenues for 2014 down more than expected, but managed to improve its margins thanks to cost efficiency measures. Revenue fell 4.0 percent to EUR 4.02 billion, hurt by regulatory cuts to interconnection and roaming rates, while adjusted EBITDA was down just 0.1 percent to EUR 1.29 billion. As a result, the margin rose to 32.0 percent from 30.8 a year earlier. The company still had a net loss of EUR 185.4 million for the year, versus a profit of EUR 52.1 million in 2013, due to an impairment charge on its Bulgarian activities. Free cash flow however turned to a

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Categories: General
Companies: A1 Telekom Austria
Countries: Austria / Eastern Europe
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