As in the Q1, Q2 EBITDA before restructuring was significantly better than expected, up by 5.5% yoy.
Telekom Austria is one of the few telcos whose stock price has not recovered to its pre-war level (it is actually 15% lower). The Belarus which represents 9% of the group’s global activities continues to concern the market.
We maintain our buy opinion on the stock.
13 Jul 2022
Excessive fears about Belarus
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Excessive fears about Belarus
- Published:
13 Jul 2022 -
Author:
Jean-Michel Salvador -
Pages:
3
As in the Q1, Q2 EBITDA before restructuring was significantly better than expected, up by 5.5% yoy.
Telekom Austria is one of the few telcos whose stock price has not recovered to its pre-war level (it is actually 15% lower). The Belarus which represents 9% of the group’s global activities continues to concern the market.
We maintain our buy opinion on the stock.