Vienna Economic Forum is proud with the result of A1 Telekom Austria Group in the challenging environment of 2020.
Mag. Thomas Arnoldner, CEO of A1 Telekom Austria Group, and Member of the VEF Board emphasized that:
“The operational and financial performance of A1 Telekom Austria Group in the financial year 2020 was significantly impacted by the COVID 19 pandemic. The results reflect the resilience of our business model and the positive impact of the measures taken in this challenging environment.
The Group continued to deliver a strong operational performance for the full year 2020 despite the operating environment. Revenues decreased slightly by 0.3%, while service revenues remained stable despite roaming losses and negative foreign exchange effects. Excluding foreign exchange and one-off effects, total revenues grew by 1.5%. Group EBITDA increased by 1.0%. The net result for 2020 was EUR 388.8 million, above the 2019 result.
We continue to benefit from our operational strength, efficiency and solid capital structure. We have succeeded in consistently reducing debt in recent years. In Austria alone, we again invested EUR 456.4 million, making us the largest investor in digital infrastructure. The strongly growing demand for high-performance networks requires more investments and continuous expansion. This is only possible with investment-friendly framework conditions. At the same time, these investments would also be a multiplier to grow out of the current crisis, increase innovative strength and secure long-term competitive advantages for Austria in global competition.
CEE markets showed solid overall operational performance in 2020 due to fixed line growth and strong demand for mobile WiFi routers.
We wish our VEF founding member A1 Telekom Austria Group further significant successes both in Austria as well as in the VEF Member countries and are looking forward to an excellent collaboration in the many years to come.