A1 Group

News Summary:

A1 Group reported a 3.0% increase in total revenues in 2025, primarily driven by higher service and equipment revenues. Service revenues grew across all markets except Austria, with Belarus, Bulgaria, Croatia, and Serbia providing the largest contributions, while equipment revenues rose in all markets. This growth was primarily fueled by retail mobile service revenues and expansion in the Solutions and Connectivity business, although increases in international fixed-line service revenues did not fully offset declines in Austria, with overall results benefiting from strong demand in ICT solutions, successful upselling, and value-protecting measures. Previously, in 2024, the company recorded a 3.1% rise in total revenues, primarily from higher service revenues, and a 5.1% increase in EBITDA, with significant contributions from Bulgaria, Croatia, and Serbia. Although the net result slightly fell to EUR 627 million, it climbed 12.5% on a pro forma basis, and free cash flow surged 62.5% due to an improved operating result and lower capital expenditures, reflecting a focus on digitalization and customer journey. Looking back to 2019, A1 Telekom Austria Group posted total revenues of EUR 4565.2 million, a 2.9% increase from the prior year, with service revenues growing 3.4% and EBITDA rising 0.8% to EUR 1560.6 million. Its net result for 2019 jumped 34.4% to EUR 327.4 million, while wireless subscribers increased 1.3% to 21.3 million, and the Group completed rebranding in Belarus and North Macedonia under the 'A1' brand. Earlier, in 2018, the group achieved a solid operational performance, reporting 1.4% revenue growth and 1.2% EBITDA growth, along with a stable free cash flow of EUR 384.2 million. The company's equity ratio significantly increased to 38.5% in 2018, and its external ratings improved with Moody's upgrading to Baa1/BBB+ and Standard & Poor's confirming its BBB rating with a positive outlook.