Solid first quarter of 2023 for A1 Group: 7.8% revenue growth

• Service revenues up in all markets
• EBITDA +1,0%
• Higher investments in fiber and 5G roll-out in Austria
• Successful launch of new all-digital brand "re:do" in Slovenia

Thomas Arnoldner, CEO of A1 Group on the highlights of Q1 2023:

"We started the new year with solid growth. Group revenues showed an increase of 7.8%, and there were positive developments in the mobile and fixed-network areas. Service revenues recorded a 5.1% increase in the first quarter with growth in all markets. In a very challenging overall situation with substantially higher costs for energy (up to 40%) and workforce, EBITDA increased by 1,0%.

The significantly higher capital expenditure in the first quarter was mainly for the broadband roll-out in Austria. Net profit in the first quarter of 2023 increased to EUR 135 million.

The outlook for 2023 remains stable: we expect revenue growth of around 4% and CAPEX of around EUR 950 million (excluding spectrum investments) for A1 Group."

Alejandro Plater, COO of A1 Group adds:

"The number of mobile subscribers increased by 5.2 % to a total of 24.1 million. Growth was driven primarily by strong growth in M2M business. Good demand for mobile WiFi routers and more broadband RGUs contributed to the increase in Internet@home customers (+5.5%).

Bulgaria, our second-largest market, again performed very well with double-digit growth rates in revenue and EBITDA. A1 Bulgaria scored with strong operational momentum, high profitability and focus on new business areas.

In Croatia, we secured mobile spectrum for a period of 15 years in a public auction. This is the basis for further growth and maximum national coverage in Croatia. With the successful launch of the fully digital brand "re:do" in Slovenia, we have set new accents in the market.

In an environment of rising costs, we continued to focus consistently on implementing efficiency measures."

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