Wien, 25.05.2004 - Disclosure announcement transmitted by euro adhoc.The issuer is responsible for the content of this announcement.
Telekom Austria AG Results for the First Quarter 2004
- Group revenues increase by 2.4% to EUR 989.4million - Consolidated net income rises by 88.5% to EUR 70.7 million- Group adjusted EBITDA** increases by 2.7% to EUR 416.7 million- Capital expenditures fall by 5.6% to EUR 71.0 million- Consolidated net debt declines by EUR 100.6 millionto EUR 2,536.7 million compared to the end of December 2003- Wireline revenue decline continues to slow down with rising margins- Further attractive increase in wireless revenues and operatingresults^in EUR million 1Q 04 1Q 03 % changeRevenues 989.4 966.5 2.4%Revenues excluding third partyvalue added services revenues* 989.4 950.5 4.1%Adjusted EBITDA** 416.7 405.9 2.7%Operating income 136.0 121.9 11.6%Net income (loss)*** 70.7 37.5 88.5%Earnings per share (in EUR) 0.14 0.08 88.5%Capital expenditures 71.0 75.2-5.6%
in EUR million March 31, 2004 Dec. 31, 2003 % changeNet debt 2,536.7 2,637.3-3.8%°* For comparative purposes, 1Q 03 has been adjusted to reflect thechange in the accounting for third party value added services in thefourth quarter of 2003.** Adjusted EBITDA is defined as net income excluding interest,taxes, depreciation, amortization, impairment charges, dividendincome, equity in earnings of affiliates, other non-operatingincome/expense, minority interests and the cumulative effect ofchanges in accounting principles. This equals operating income beforedepreciation, amortization and impairment charges.*** Results for 1Q 03 included a charge for the cumulative effect ofthe adoption of SFAS 143 "Accounting for Asset RetirementObligation". The final calculation at year-end resulted in an upwardrevision of the charge. The amount has been reallocated to 1Q 03lowering net profit by EUR 5.6 million compared to the figurereported last year.
The full quarterly report and further information is available on ourwebsite under www.telekom.at/ir
Further inquiry note:Martin Bredl Telekom Austria Public RelationsPhone: +43 (0) 59059 1 11001mailto: email@example.com
Hans FruhmannInvestor Relations Telekom AustriaTel.: +43 (0) 59059 1 20917mailto:firstname.lastname@example.orgEmail: email@example.com
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WKN: 720008ISIN: AT0000720008Marktsegment: ATX, ATX Prime, WBI, official dealing Wiener Börse AG,New York