Solid second quarter 2023 for A1 Group: 7.5% revenue growth

2023-07-11 19:04:15

Vienna (OTS) –

EBITDA +6% Higher investments in fiber optic expansion in Austria Best Fitch rating (A-) of a European telecommunications company IPO of the radio tower company “EuroTeleSites AG” planned for autumn

Thomas Arnoldner, CEO of the A1 Group on the highlights of the second quarter of 2023:

“There was solid development in the second quarter as well. Group revenues increased by 7.5% and service revenues increased by 5.5% in the second quarter. There was strong growth in Bulgaria and Austria, among others. Despite the general upward trend in costs and in particular significantly higher energy costs, EBITDA increased by 6%.

The significantly higher investments flowed into broadband expansion in Austria and the acquisition of spectrum in Croatia (EUR 110 million). The net result for the second quarter of 2023 remained stable at EUR 166 million.

The outlook for 2023 has been raised slightly: We expect sales growth of around 5% (previously 4%).

Thanks to our overall good financial position and our sustainable financial policy, we were able to achieve the best Fitch rating of any European telecommunications company.”

Alejandro Plater, COO of the A1 Group adds:

“In mobile communications, the number of subscribers increased by 5.2%, mainly driven by strong growth in M2M business and demand for mobile WiFi routers. RGUs were also up 1.9%. Fiber optic products and the solutions and connectivity business contributed to the growth. In an environment of rising costs, we continued to focus consistently on implementing efficiency measures.

With the filling of the board positions of the new radio tower company EuroTeleSites AG and the planned IPO on the Vienna Stock Exchange in autumn, important strategic decisions were made. The existing systems can then be better used and the grid expansion will be faster and more efficient.”

Detailed information can be found here