Q2 EBITDA was very solid as, before restructuring charges, it increased by 3.9% yoy and lfl since roaming losses (due to the pandemic) were more than outweighed by cost savings. Telekom Austria is a slow-growth story but, sadly, trades rather at a discount to its peers… except in terms of dividend (the two main shareholders do not seem, indeed, too demanding in this regard). We maintain our Buy opinion on the stock which is still 15% below its February prices.
15 Jul 2020
It would simply be enough to increase the dividend
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It would simply be enough to increase the dividend
Telekom Austria AG (TKA:WBO) | 0 0 0.1% | Mkt Cap: 4,944m
- Published:
15 Jul 2020 -
Author:
Jean-Michel Salvador -
Pages:
3
Q2 EBITDA was very solid as, before restructuring charges, it increased by 3.9% yoy and lfl since roaming losses (due to the pandemic) were more than outweighed by cost savings. Telekom Austria is a slow-growth story but, sadly, trades rather at a discount to its peers… except in terms of dividend (the two main shareholders do not seem, indeed, too demanding in this regard). We maintain our Buy opinion on the stock which is still 15% below its February prices.