America Movil's Austrian unit reports decrease in Q1 core profit

miércoles 27 de abril de 2016 13:29 GYT
 

VIENNA, April 27 (Reuters) - Telekom Austria, part of Mexican tycoon Carlos Slim's America Movil, reported a 2.5 percent decline in its first-quarter core profit, after extraordinary effects in Slovenia pushed last year's result up.

Comparable earnings before interest, tax, depreciation and amortisation (EBITDA) decreased to 334.4 million euros ($378.6 million) on revenue of 1.01 billion euros, the telecommunications provider said in a statement on Wednesday.

Last year's EBITDA had been helped by a 20 million euro extraordinary effect relating to an agreement on settling relations and cooperation with Telekom Slovenije, Telekom Austria said.

The group confirmed it expected full-year revenue to grow 1 percent from 4.10 billion euros last year. ($1 = 0.8833 euros) (Reporting by Kirsti Knolle; editing by Francois Murphy)