Q3 EBITDA was very solid and better than expected (like in Q2) as, before restructuring charges, it increased by 4.3% yoy at constant change since roaming losses were more than outweighed by cost savings.
A1’s cash flow minus capex covers five times the current dividend (and even six times in 2020 given the capex cuts): a real increase of the dividend for 2020 would greatly help the stock to return to €8.
21 Oct 2020
EBITDA less capex corresonding to 6x dividend
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EBITDA less capex corresonding to 6x dividend
Telekom Austria AG (TKA:WBO) | 0 0 0.1% | Mkt Cap: 4,944m
- Published:
21 Oct 2020 -
Author:
Jean-Michel Salvador -
Pages:
3
Q3 EBITDA was very solid and better than expected (like in Q2) as, before restructuring charges, it increased by 4.3% yoy at constant change since roaming losses were more than outweighed by cost savings.
A1’s cash flow minus capex covers five times the current dividend (and even six times in 2020 given the capex cuts): a real increase of the dividend for 2020 would greatly help the stock to return to €8.