Q1 EBITDA before restructuring was significantly better than expected, up by 7.9% yoy.
Telekom Austria is one of the few telcos whose stock price has not recovered to its pre-war level. The Belarus activities continue to concern the market despite a fairly good Q1 performance and a cautious outlook from the management which includes a depreciation of the BYN versus the € of 5-10% in 2022.
On our part we maintain our buy opinion on the stock.
27 Apr 2022
A strong Q1 but Belarus activities a potential concern
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A strong Q1 but Belarus activities a potential concern
- Published:
27 Apr 2022 -
Author:
Jean-Michel Salvador -
Pages:
3
Q1 EBITDA before restructuring was significantly better than expected, up by 7.9% yoy.
Telekom Austria is one of the few telcos whose stock price has not recovered to its pre-war level. The Belarus activities continue to concern the market despite a fairly good Q1 performance and a cautious outlook from the management which includes a depreciation of the BYN versus the € of 5-10% in 2022.
On our part we maintain our buy opinion on the stock.