Telekom Austria Ag (TKMAF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you, operator, and good morning, everybody. Thanks for joining our call on our results for the first quarter 2025. I'm here with our CEO, Alejandro Plata, and our group CFO, Sonja Wallner. I'm afraid our deputy CEO, Thomas Arnoldner, is not able to join today spontaneously. But as usual, we will guide you through the presentation now and we are happy to take your questions afterwards. Thank you. Thank you and good morning everyone. Thank you very much for joining our first quarter call. As you can see in the first slide, summaries of this quarter was a pretty solid quarter, I would say, with total revenues going up 3.7%, driven by both service revenues and equipment revenues. Service revenues went up 3.5%, primarily coming from the Central Eastern European markets. with the principal development all over the place there. EBITDA excluding restructuring went up 8.1%, reported 5.2%. We had a plan to do additional restructuring in Q1 to accelerate or to anticipate, let's say, certain market dynamics in Austria where we wanted to manage our costs from the very beginning. We have anticipating or accelerating restructuring in Q1, which will not be continuously done during the rest of the year. During the rest of the year, we will continue as before. And free cash flow going up almost 200% to €150 million. Sonia will give you a little bit more color of the drivers. It's not capex. Capex is almost at the same level Last quarter, everything is mostly operationally driven. On the market environment, we have launched what we call the B2B Digital Services. It's a competent center, a delivery center that we have been working now for a while. a very interesting growth potential in this segment as we had anticipated to you before. So now we have formalized the delivery center....