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General

Telekom Austria lowers FY revenue outlook after flat H1

Thursday 16 July 2015 | 20:39 CET | News
Telekom Austria Group lowered its outlook for full-year revenues to flat versus 2014, due to weak economic conditions in its eastern European markets and negative currency effects, especially in Belarus. The company previously expected an around 2 percent increase in annual revenues, but over the first six months of 2015, revenues were flat year-on-year at EUR 1.94 billion. The company said its efforts at cost reductions to offset the weaker revenues had been successful so far, helping EBITDA in the first half rise 7.4 percent to EUR 665 million. Net profit improved to EUR 171 million from a

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