Telekom Austria’s Q4 revenue falls 9.6%

www.WirelessFederation.com/news: Due to weakness at both fixed-line and mobile operations, the fourth-quarter revenues of Telekom Austria went down 9.6 percent from a year earlier EUR 1.18 billion. Excluding some EUR 632 million in restructuring charges in Q4 2008, EBITDA also fell to EUR 399.4 million from EUR 420.5 million.

The lower depreciation and amortization adjusted operating profit which rose to EUR 120.0 million from EUR 116.4 million and net profit which rose to EUR 63.6 million from EUR 53.9 million, after excluding the one-time charges.

According to Telekom Austria, the difficult market environment of the past year is expected to continue in 2010, as a recovery in the economic environment in Eastern Europe appears unlikely in the near term. Fall in the revenue is predicted by the company for the year 2010.