Telekom Austria reported Q1 16 results. Revenues declined 2.2% to €1bn. EBIT plummeted by 15.6% to €117.2m and the EBIT margin declined from 13.4% to 11.6% due to negative currency effects mainly in Slowenia (€26m). Net income declined 12.6% from €92.7m to €81m excluding minorities. Including minorities and interest payments to hybrid bond holders, net income dropped 13.6% to €74.7m.