Htp FY revenues rise 3.6% to EUR 68.5 mln

Wednesday 16 May 2018 | 15:28 CET | News

Germany operator Htp said revenues went up 3.6 percent in 2017 to EUR 68.5 million, compared to 66.1 million in 2016. Net profit fell 18.1 percent to EUR 2.8 million. This partly reflects the impact of a court settlement with Deutsche Telekom worth roughly EUR 1.2 million on profits in 2016, said Htp. EBIT in 2017 was roughly EUR 5 million, down from 5.8 million in 2016, and exceeded expectations for the fiscal year. 

Htp said nvestments fell 8 percent in 2017 to EUR 10.7 million. Htp said this was “far below” its 2017 investment target of EUR 15 million as the company struggled to find a large enough market to for fibre internet due to low demand from households and businesses. 

Still, the Hannover-based company said its customer base increased last year, with the number of private customers growing 4.7 percent to 97,879 customers, up from 93,478 customers in 2016. Htp’s business customer base grew 2.7 percent to 10,117 business customers, up from 9,851. The company said it plans to continue with its fibre rollout in 2018 and plans to supply fast internet and TV to an additional 6,000 housing units in Hannover this year, among other locations.

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Categories: General
Companies: Deutsche Telekom / Htp
Countries: Germany
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EUR 2.46 billion
mobile service revenues
Austria  |  2017