Telekom Austria (TKA) AGM 2024 summary

Opening remarks and agenda

• AGM opened with a welcome to shareholders, management, auditors, and technical staff, highlighting the hybrid format and introduction of new CFO and notary public.

• Agenda confirmed with no amendments; all required documents published in advance and available online.

• Reports and proposed resolutions presented in one block, followed by a general debate, Q&A, and voting.

Financial performance review

• 2023 marked by record revenues of EUR 5.251 billion, up nearly 5%, and record EBITDA of EUR 1.924 billion, also up nearly 5%.

• Net profit rose by nearly 2%, with earnings per share at EUR 0.97.

• Customer base grew to 25.2 million in mobile (up 5.6%) and 4.6 million in fixed/TV (up 3.2%).

• Investment (excluding spectrum) reached a record EUR 960 million.

• Share price increased by nearly 58% year-on-year, with a 60% combined growth since the tower spin-off.

Board and executive committee updates

• New CFO Sonja Wallner introduced; changes in the Supervisory Board included the departure of Dr. Catasta and the appointment of Dr. Fürnsinn.

• Supervisory Board held 7 meetings, focusing on strategy, sustainability, investments, and management changes.

• Self-evaluation of the Supervisory Board showed improved results, highlighting strong composition and open culture.