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A1 Telekom Austria Group announces its first quarter financial results, which provides insight into the performance of the company’s Bulgarian division. A1’s revenues for the period reached 127.6 million euros, 14.8% more year-on-year, and operating profit increased 12.7% to 16.6 million euros.
It is noteworthy that service revenues increased by 10.3% to 98.7 million euros. In the mobile sector it increased 7.8% to 66.6 million euros, while in the fixed sector it increased 15.9% to 32.1 million euros.
Earnings before taxes, commissions, interests and amortizations (EBITDA) increased 7.2% to EUR 45.9 million. In the first quarter, A1 had capital expenditures of € 14.3 million, 41.1% more than in the same period in 2019. At the end of the period, mobile users were 3,821 million, of which 3,413 million were contracted.
The company notes that the growth trend of the mobile and fixed line business continues in the quarter. The second contribution was made by customized corporate solutions, the provision of auxiliary services and exclusive sports content, which resulted in higher average line revenue (EUR 13.4) and more fixed income units (1.07 million). Fixed lines reached 552,000 or 2.5% more than in 2019.
The mobile business remains stable, and the company successfully sells more expensive additional services. This has led to more mobile revenue and higher average subscriber revenue (ARPU). On average, A1 customers used 376.6 minutes, 12.2% more year-over-year, and ARPU increased 8.4% to 5.8 euros. The company also reported a 32.4% increase in subsidies to EUR 4.8 million.
Source: A1 Telekom Austria Group
