Telekom Austria Ag (TKMAF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Thank you for joining us for our Q2 2025 results call. We are pleased to have with us our CEO, Alejandro Plata, our Deputy CEO, Thomas Arnoldner, and our CFO, Sonja Wallner. They will walk you through the key highlights of the second quarter and the first half and provide an outlook for the remainder of the year. As always, we'll be happy to take your questions after the presentation. Thank you. With that, let me hand over to Alejandro. Thank you, Sanne, and good morning, everyone. Thank you for joining us this morning. As you have seen, yesterday we presented Q2 results with mixed feelings, to be totally honest. So total revenues went up 4.1%, which is pretty solid and above our four-year guidance. So we are confident on the total revenue growth. development mostly coming from Eastern European operations that are performing all in all pretty well. And service revenue went up close to 2%. Also, the CEE fully compensated the decline in Austria. You will see more details on Austria later where the market conditions are pretty tough. But I'm very happy with the development of the team instead of customer acquisition, and that we're doing. I will share a little bit more later. Evita, the Evita that really mattered was declining close to 1%. You have to remember that last year we had a special negative one-off due to the penalty in Belarus, and that's why we are reporting plus 3.4%. Remember that that penalty at the end of that provision of that penalty was reverted at the end of last year. So in the year 2024 had actually no impact. But when you compare quarter by quarter through the year, it will have. So a positive impact this quarter, a negative impact in Q4. And what we are very proud is that we are generating very solid cash flow with 333 mil...