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General

Magyar Telekom raises FY outlook after better Q3

Thursday 10 November 2016 | 10:10 CET | News
Magyar Telekom Group revenue declined 4.7 percent to HUF 150.606 billion in Q3, driven by the operator's exit from the residential gas business, transfer of the B2B energy business into the joint venture with MET Holding and lower System Integration/Information Technology (SI/IT) revenues. EBITDA was up by 10.0 percent year-on-year to HUF 53.806 billion as lower employee related expenses and a decline in other operating expenses more than offset the somewhat lower gross profit. Magyar Telekom raised its full-year outlook for revenue and EBITDA to around HUF 595 billion and HUF 193 billion,

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Categories: General
Companies: Magyar Telekom / T-Systems
Countries: Hungary
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