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General

Telekom Austria Q2 sales fall 1.9%, net profit improves

Monday 12 August 2013 | 08:52 CET | News
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Telekom Austria reported second-quarter revenues down 1.9 percent from a year earlier to EUR 1.043 billion, led by weaker sales in its home market and Bulgaria on termination rate cuts and difficult market conditions. EBITDA fell 9.2 percent to EUR 330.3 million, as cost reduction efforts were unable to offset higher costs for customer acquisition and marketing. Net profit improved 54 percent to EUR 52.2 million, thanks to lower costs for restructuring, depreciation and financing. Capex fell slightly to EUR 176 million, and operating cash flow improved 6.9 percent to EUR 302 million. Telekom

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