Telekom Austria keeps outlook as Q2 in-line
VIENNA Aug 19 (Reuters) - Telekom Austria (TELA.VI) kept its outlook for this year's core earnings when it reported second-quarter results in line with analyst forecasts, defying market expectations of a profit warning.
Earnings before interest, tax, depreciation and amortisation
(EBITDA) in the June quarter came in at 450 million euros ($636 million), slightly below the average estimate of 453 million euros in a Reuters poll of 10 analysts.
The group also said it would begin share buybacks next year and spend around a third of its free cashflow after dividends for them. The group will cancel on Monday about 3.7 percent of its outstanding stock which it holds as treasury shares.
($1=.7074 Euro)
(Reporting by Boris Groendahl; Editing by Hans Peters)
((boris.groendahl@reuters.com; +43 1 53112-258; Reuters Messaging: boris.groendahl.reuters.com@reuters.net)) Keywords: TELEKOMAUSTRIA/
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