Austria · Delayed Price · Currency is EUR Telekom Austria AG Earnings Call Transcripts
Fiscal Year 2025
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Revenue grew 3% in 2025, driven by strong CEE and ICT growth, while Austria faced ARPU and regulatory pressures. EBITDA and cash flow improved, with cautious CapEx and dividend increases planned. Regulatory and market challenges persist, especially in Austria.
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Group revenue and EBITDA grew 3% year-over-year in Q3, led by international markets, while Austria faced declines. Customer base expanded across mobile, internet, and TV, and strong free cash flow supports ongoing transformation.
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Solid H1 2025 performance with 4% EBITDA growth and strong cash flow, despite a 1% Q2 EBITA dip from strategic investments. Mobile and TV customer bases expanded, and 2–3% revenue growth guidance is reaffirmed.
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The AGM celebrated 25 years on the Vienna Stock Exchange, reporting record revenues, EBITDA, and a strong credit rating. Strategic investments in digital infrastructure and sustainability were highlighted, with a proposed dividend increase and new initiatives in AI and digital services.
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Q1 FY2025 saw nearly 4% growth in total and service revenues, with EBITDA up 5% and strong free cash flow. Mobile and TV customer bases grew over 8%, and 2025 guidance targets 2%-3% revenue growth and EUR 800 million CapEx.
Fiscal Year 2024
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Revenue grew 8% in Q4 and 3% for the year, with EBITDA up 7% and 5% respectively. 2025 guidance targets 2–3% revenue growth and €850M CapEx, with a proposed dividend increase to €40 per share and a 5% yield.
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Revenue grew 2% in Q3 2024, with EBITDA up 5% and free cash flow rising 29% over nine months. CEE markets outperformed, Austria faced more competition, and guidance for 2024 is reaffirmed with a focus on digital expansion and efficiency.
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Revenues grew 1.3% in Q2 and 1% in H1 2024, with service revenue up 3.9% and EBITDA up 3.8%. Free cash flow rose 42%, and the dividend increased by 13%. 2024 guidance targets 3–4% revenue growth and EUR 800 million CapEx.
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Record financial results, a successful tower business spin-off, and strong sustainability achievements were highlighted. Shareholders approved a higher dividend, board re-elections, and governance updates, with continued focus on digital growth and infrastructure investment.