Magyar Telekom's revenues up 9% to HUF 155 bln in Q3

Friday 10 November 2017 | 11:37 CET | News

Magyar Telekom's total revenues increased by 8.8 percent year-on-year to HUF 155.4 billion in Q3. This is largely due to strong growth in SI/IT revenues, higher equipment sales and continued increase in mobile data usage. EBITDA was 12.1 percent higher year-on-year at HUF 57.2 billion in Q3 due to increased gross profit and higher other operating income. Total revenues for the MT-Hungary segment increased by 10.0 percent year-on-year in Q3 to HUF 141.908 billion, primarily due to significantly higher SI/IT revenues coupled with increased mobile data and mobile equipment sales.

Mobile revenues grew by 8.5 percent year-on-year to HUF 85.5 billion in Q3, attributable to increased mobile data and handset sales revenues in both Hungary and Macedonia, coupled with provision reversal related to the ceased loyalty program in Hungary, which offset a decline in voice revenues. Fixed line revenues increased by 3.3 percent year-on-year to HUF 48.9 billion in Q3 2017 due to positive trends in broadband, TV, data and equipment revenues coupled with some slowdown in the decline of voice retail revenues. SI/IT revenues increased by 28.4 percent year-on-year to HUF 19.6 billion in Q3, while energy service revenues decreased by 7.7 percent year-on-year to HUF 1.3 billion in Q3. Gross profit increased by 6.1 percent year-on-year in Q3 2017 to HUF 97.3 billion. Profit for the period from continuing operations improved to HUF 19.3 billion in Q3 2017 from HUF 13.6 billion in Q3 2016. Profit attributable to non-controlling interests from continuing operations increased to HUF 1.2 billion in Q3 from HUF 1.0 billion in Q3 2016. Depreciation and amortisation expenses declined by 4.5 percent year-on-year in Q3.

In Hungary, fixed line revenues increased by 4.2 percent year-on-year in Q3 to HUF 44.1 billion due to growth in broadband and TV revenues. Mobile revenues grew by 9.5 percent in Q3 versus Q3 2016 to HUF 77.1 billion. EBITDA increased by 13.0 percent year-on-year in Q3, driven by an increase in gross profit and higher other operating income. Capex remained stable in the first nine months of 2017 at HUF 50.7 billion versus HUF 51.1 billion in the same period last year.

MT-Hungary's total number of fixed voice access decreased 1.1 percent to 1.421 million. Total retail fixed broadband customers increased by 4.3 percent to 1.063 million, while total TV customers increased by 3.8 percent to 1.016 million. The number of mobile customers increased 1.9 percent year-on-year to 5.401 million. Of the total, 62.6 percent were postpaid, up from 58.9 percent a year ago. Mobile ARPU rose 2.8 percent year-on-year to HUF 3,446. Blended fixed voice ARPU fell 6 percent to HUF 2,380, blended retail fixed broadband ARPU dropped 1.7 percent to HUF 3,461, while blended TV ARPU increased 5.4 percent to 3,479.

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