13.08.2014, 4912 Zeichen

ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.

Earnings 13.08.2014
Dear Sir or Madam,
Today the Telekom Austria Group (VSE: TKA, OTC US: TKAGY) announces its results for the first half of 2014, ending 30 June 2014.
Highlights
> Group revenues decline by 7.3% and EBITDA comparable declines by 7.2%, mainly driven by regulation, macro-economic effects in CEE as well as extraordinary effects of EUR 28.2 mn net in Austria
> Clean*: Group revenues -4.1% and Group EBITDA comparable flat at -0.1%
> Group EBITDA comparable margin remains flat at 31.9% and increases to 33.2% on a clean basis*
> Austria benefits from successful strategy implementation: regulation and extraordinary effects account for most of revenue decline; cost cuts and subsidy reductions result in strong EBITDA comparable trends (-0.2% excluding extraordinary effects)
> Bulgaria: Macro effects and fierce competition drive customer and revenue decline in fixed and mobile; EUR 400 mn impairment due to adjustment of WACC and medium-term expectations
> Croatia: solid fixed-line performance cannot offset regulatory cuts and effects of mobile competition; spectrum fee introduced in June will burden EBITDA comparable as of H2 2014
> Belarus and Additional Markets segment achieve revenue and EBITDA comparable growth
> Spectrum prolongations and acquisitions in Bulgaria and Slovenia strengthen network
> Next step in implementation of successful convergence strategy: Acquisition of cable operator blizoo in the Republic of Macedonia in June (closed in July)
> Commitment to broadband funding announced by Austrian government as of 2016
> Group outlook for FY 2014 refined: Revenues of approx. -3.5% (from approx. -3.0%), CAPEX** of EUR 650 - 700 mn (from approx. EUR 700 mn), intended dividend of EUR 0.05/share
in EUR million Q2 2014 Q2 2013 %change 1-6M 2014 1-6M 2013 %change Revenues 963.0 1,043.2 -7.7% 1,939.0 2,092.3 -7.3% EBITDA comparable 299.4 330.3 -9.3% 619.4 667.2 -7.2% Operating income -320.0 105.5 n.m. -222.6 223.3 n.m. Net income -358.6 52.5 n.m. -317.8 108.0 n.m.
Cash flow generated from operations 224.5 302.2 -25.7% 373.4 494.0 -24.4% Earnings per share (in EUR) -0.82 0.10 n.m. -0.75 0.21 n.m. Free cash flow per share (in EUR) -0.01 0.29 n.m. 0.11 0.39 -71.9% Capital expenditures 229.5 176.4 30.1% 329.0 325.4 1.1%
in EUR million 30 June 2014 31 Dec 2013 %change Net debt 3,688.1 3,695.8 -0.2% Net debt / EBITDA comparable (12 months) 3.0 2.9
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 tax expense, depreciation and amortisation, restructuring and impairment charges.\nExcluding extraordinary effects in Austria and FX translation effects\n* Does not include investment for spectrum and acquisitions\n Array
Further information about the results can be found here: http://www.telekomaustria.com/en/ir/interim-results
The earnings release can be found here: http://cdn1.telekomaustria.com/final/en/media/pdf/results-qu2...
Kind regards, Telekom Austria Group Investor Relations
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Disclaimer for forward-looking statements: 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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end of announcement euro adhoc
issuer: Telekom Austria AG Lassallestrasse 9 A-1020 Wien mail: investor.relations@telekomaustria.com WWW: www.telekomaustria.com/ir sector: Telecommunications ISIN: AT0000720008 indexes: WBI, ATX Prime, ATX

stockmarkets: official market: Wien language: English
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