Telekom Austria: International Growth Amid Domestic Challenges in 2024

Telekom Austria, a leading telecommunications provider in Central and Eastern Europe, reported mixed results for Q2 2024. While the company managed slight revenue growth, this was primarily driven by strong performance in its international markets, particularly in Eastern Europe, as the Austrian market faced increasing challenges.

Q2 2024 Financial Results

In Q2 2024, Telekom Austria posted revenue of €1.32 billion, a 3.1% increase year-on-year. This growth was mainly driven by a 3.9% increase in service revenues, supported significantly by solid performances in Eastern European markets. In contrast, results in Austria remained stable, despite a challenging market environment marked by increased competition and margin pressures​.

Expansion in Eastern Europe

International expansion, particularly in Eastern European markets like Bulgaria and Belarus, has been a key growth driver for Telekom Austria. These markets showed strong demand for fixed and mobile services, with significant increases in home internet subscriptions and mobile WiFi routers. Revenue growth in these regions helped offset declines in other areas, notably in Austria​ .

Conclusion

Telekom Austria has managed to offset challenges in its domestic market through strategic expansion in Eastern Europe. This geographic diversification allows the company to maintain modest growth despite difficult market conditions in Austria. The outlook for the remainder of the year focuses on consolidating its presence in Central and Eastern Europe while continuing to optimize internal operations.

You will find attached to this article the presentation file for Telekom Austria.

Telekom Austria AG.pdf

Download PDF • 327KB