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MarketScreener Homepage  >  Equities  >  Mexican Stock Exchange  >  América Móvil, S.A.B. de C.V.    AMX L   MXP001691213

AMÉRICA MÓVIL, S.A.B. DE C.V.

(AMX L)
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America Móvil B de C : A1 Telekom Austria cuts 2020 revenue, investment forecast

07/14/2020 | 12:09pm EST
The interior of a Telekom Austria shop with its brand name A1 is pictured in Vienna

A1 Telekom Austria lowered its 2020 revenue forecast and cut its spending plans for the year after lower roaming income due to coronavirus-related travel restrictions and foreign exchange effects weighed on second-quarter core profit.

A1 Telekom Austria lowered its 2020 revenue forecast and cut its spending plans for the year after lower roaming income due to coronavirus-related travel restrictions and foreign exchange effects weighed on second-quarter core profit.

The group, which is controlled by Mexico's America Movil and the Austrian state, said on Tuesday it now expects a 2% decline in full-year revenue after previously forecasting a 1-2% rise from last year's 4.57 billion euros.

It said it will cut initially planned investments of 770 million euros until the end of the year by a quarter.

"As the further effects of COVID-19 are difficult to predict, precautionary cuts in capital expenditure and operating expenses will help to further secure flexibility," Chief Operating Officer Alejandro Plater said in a statement.

The new investment plan does not include investments in new spectrum for 5G applications and potential acquisitions.

A1 Telekom Austria, which operates in six eastern European countries besides its home market, said revenue decreased 2.4% to 1.1 billion euros in the second quarter mainly due to lower roaming income and the devaluation of the Belarus currency. The group booked negative foreign exchange effects of 16.4 million euros.

Earnings before interest, tax, depreciation and amortisation were 0.5% lower at 390.1 million euros in the period.

The group will publish its second-quarter report on July 21.

(Reporting by Kirsti Knolle; editing by Emelia Sithole-Matarise)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AMÉRICA MÓVIL, S.A.B. DE C.V. -0.49% 14.19 End-of-day quote.-6.03%
TELEKOM AUSTRIA AG -0.50% 6 End-of-day quote.-17.58%
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Financials
Sales 2020 1 020 B 50 611 M 50 611 M
Net income 2020 35 636 M 1 768 M 1 768 M
Net Debt 2020 642 B 31 875 M 31 875 M
P/E ratio 2020 30,5x
Yield 2020 2,00%
Capitalization 959 B 47 734 M 47 577 M
EV / Sales 2020 1,57x
EV / Sales 2021 1,56x
Nbr of Employees 187 383
Free-Float 48,5%
Chart AMÉRICA MÓVIL, S.A.B. DE C.V.
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América Móvil, S.A.B. de C.V. Technical Analysis Chart | AMX L | MXP001691213 | MarketScreener
Technical analysis trends AMÉRICA MÓVIL, S.A.B. DE C.V.
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TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 17,84 MXN
Last Close Price 14,19 MXN
Spread / Highest target 48,0%
Spread / Average Target 25,7%
Spread / Lowest Target 5,71%
EPS Revisions
Managers
NameTitle
Daniel Hajj Aboumrad Chief Executive Officer & Executive Director
Carlos Slim Domit Chairman
Carlos José García Moreno Elizondo Chief Financial Officer
Luis Alejandro Soberón Kuri Director
David Antonio Ibarra Muñoz Independent Director
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