A1 Group reports solid first quarter of 2024

• Revenues +0.7%; EBITDA +4.2%
• Service revenues increased in almost all markets
• Spectrum Auction in Austria

Alejandro Plater, CEO of A1 Group, on the highlights of the first quarter of 2024:
"We have made a good start to the new year. Group revenues showed a slight increase of 0.7%. Service revenues increased 3.1% in the first quarter, with growth in nearly all markets. EBITDA increased by 4.2%. While the CEE markets showed a stable performance, there were certainly challenges in some segments in Austria. Net result (proforma) for the first quarter of 2024 grew by 10.5% and was EUR 117 million.

In an environment of rising costs, especially workforce, we continue to focus consistently on the implementation of efficiency measures. The outlook for 2024 is stable."

Thomas Arnoldner, Deputy CEO of A1 Group adds:
“In mobile communications, the number of subscribers increased by 5.5%, driven primarily by strong growth in the M2M business. Overall, there was a slight increase of 0.8% for RGUs. A significantly strong increase could be recorded for advanced broadband RGUs and the ICT business was also an important growth driver.

For the provision of future-oriented 5G services, we secured mobile frequencies in the 26 GHz range as well as additional regional frequencies in the 3.5 GHz band in Austria in a public auction in the first quarter. With a total investment of EUR 7.2 million, A1 is strengthening its capacities for the future.

The company's continued transformation towards sustainability also remains in focus. In addition to further decarbonization, we are also putting a special emphasis on the supply chain and the implementation of CSRD."

More information is available: https://newsroom.a1.group/News.aspx?l=english