Telekom Austria Ag (TKMAF) Q2 2023 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.065 -- 00:00:03.750 Thank you very much and a wonderful good morning from a sunny Vienna. 00:00:03.750 -- 00:00:09.157 We look back to, I think, the second quarter, but 00:00:09.157 -- 00:00:14.204 the details will now be presented by Thomas Arnoldner, our CEO, Siegfried Mayhofer, our 00:00:14.204 -- 00:00:17.388 CFO, and Alexander Platter, our Chief Operating Officer. 00:00:17.388 -- 00:00:21.433 I hand over to start with Thomas, 00:00:21.433 -- 00:00:25.118 who will go through the highlights of the second quarter. 00:00:25.118 -- 00:00:26.560 Thomas, please. 00:00:26.560 -- 00:00:30.586 Thank you, Hans, and hello. Hello. everyone on the call, whether you're in an office 00:00:30.586 -- 00:00:35.693 or on a beach. As you have seen, we have again posted solid results 00:00:35.693 -- 00:00:39.859 for the second quarter. We were again able to grow our revenues. 00:00:39.859 -- 00:00:45.287 They increased by 7% to approximately 1.3 billion euros. 00:00:45.287 -- 00:00:50.495 This increase was mainly driven by value-protecting pricing measures, or read them also 00:00:50.495 -- 00:00:55.623 as inflation, linked price increases, and the continuation of our upselling 00:00:55.623 -- 00:00:57.285 activities. 00:00:57.285 -- 00:01:02.498 Based on The better than expected first half of this year, we 00:01:02.498 -- 00:01:07.826 also decided to raise our revenue guidance from around 4% to now around 5% 00:01:07.826 -- 00:01:11.952 growth for the full year 2023. This 00:01:11.952 -- 00:01:17.359 positive revenue development led to an EBITDA increase of 6% to 00:01:17.359 -- 00:01:19.359 486 00:01:19.362 -- 00:01:23.828 million euros, despite higher operating expenses. 00:01:23.828 -- 00:01:29.150 However, these operating gains were fully offset by the lower fina...