EANS-News: Results for the First Quarter 2020 - ATTACHMENT

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Quarterly Report

Vienna -

* Group total revenues increased by 3.4 %, with growth in Bulgaria, Belarus and Serbia and stable total revenues in Austria.

o Mobile service revenues rose in all markets except for Slovenia. Growth was mainly driven by the ongoing strong demand for mobile WiFi routers. o Fixed-line service revenues were stable, as growth in the international markets outweighed a decline in Austria.

* Mobile contract subscribers rose by 5.0 % year-on-year, with growing or stable numbers in all markets. * Fixed-line RGUs decreased by 0.9 % year-on-year, as TV RGU growth mitigated the decline of fixed-line voice and fewer low-bandwidth broadband RGUs in Austria. * Group EBITDA excluding restructuring charges increased slightly by 0.4 % (reported: +1.7 %), driven by higher service revenues outweighing higher bad debt expense following higher expected lifetime credit loss of accounts receivables.

o In Austria, EBITDA excluding restructuring charges declined by 3.1 %, mainly driven by roaming losses and lower retail fixed-line revenues following promotional discounts, while OPEX increased mainly due to higher bad debt allowance and costs related to the commercial 5G launch in January 2020. o EBITDA in the international markets grew by 6.5% driven by Bulgaria, Belarus, Croatia and Serbia.

* Net result grew by 3.9 % to EUR 89.3 mn in Q1 2020, as foreign currency exchange losses in Croatia and Belarus were partly mitigated by lower tax expenses due to the release of accruals regarding a decided tax case in Bulgaria. * Free cash flow increased from EUR 34.4 mn in Q1 2019 to EUR 104.7 mn in the reporting period, mostly driven by lower working capital needs. * Outlook 2020 suspended as it is still premature to give a precise estimation on the impact of the Covid-19 pandemic.

Further inquiry note: Martin Stenitzer Head of Investor Relations Telekom Austria AG Phone:+43 50 664 23066 E-mail: martin.stenitzer@a1.group

end of announcement euro adhoc --------------------------------------------------------------------------------

Attachments with Announcement: ---------------------------------------------- http://resources.euroadhoc.com/documents/287/5/10466065/1/TKA_Q1_2020_Results.pd f

issuer: Telekom Austria AG Lassallestrasse 9 A-1020 Wien phone: 004350664 47500 FAX: mail: investor.relations@a1.group WWW: www.a1.group ISIN: AT0000720008 indexes: WBI, ATX stockmarkets: Wien language: English

Additional content: https://www.presseportal.de/pm/30035/4583481 OTS: Telekom Austria AG ISIN: AT0000720008

Original-Content von: Telekom Austria AG, übermittelt durch news aktuell