Telekom Austria: Rise in Earnings Predicted

CompaniesTelecoms ♦ Published: August 14, 2012; 18:30 ♦ (Vindobona)

Next Thursday, Telekom Austria will publish its results for the first six months of 2012. After a loss of € 59.0m, Telekom Austria´s net income should grow to € 76.1m.

Telekom Austria: Rise in Earnings Predicted / Picture: © Telekom Austria Group

Analysts of Erste Group, JP Morgan, Berenberg Bank and RCB (Raiffeisen Centrobank) expect Telekom Austria to achieve positive figures again. Moreover, the operating results should rise substantially. In the first half year of 2011, losses totaled € 59m. This year, Telekom´s net income is expected to reach € 76.1m. The lower restructuring costs in Austria should support Telekom´s…