Austrian telecom group Telekom Austria lowered its full year outlook after it reported a decline in second quarter earnings in line with estimates. The group said it now aims to reach a core profit of up to €1.55 billion and sales of around €4.5 billion. Previously it had forecast a largely flat core profit of up to €1.6 billion in 2011 and stable sales of up to €4.6 billion.
In the second quarter earnings before interest, tax, depreciation and amortisation (EBITDA) were €380.9 million, down 8.6 per cent, while sales fell 5.1 per cent to €1.11 billion.
Telekom Austria reported that its IPTV service ‘A1TV’ reached 174,800 subscribers by the end of the second quarter of 2011, up 41 per cent from the 123,500 customers it reported one year previously.