Market leadership and strong financial performance; stated targets achieved; dividend proposal of HRK 29.56 per share which equates to a dividend payout ratio of 100%
28.2.2008
Group Highlights:
• Consolidated Revenue increased by 2.3% over Financial Year 2006, amounting to HRK 8,838 million (EUR 1,204 million)
- Growth in Mobile, Internet and Wholesale services compensated for expected lower fixed telephony revenues
- Maintained our leading market position in all business segments
• EBITDA before exceptional items remained stable at HRK 4,050 million (EUR 552 million) with margin of 45.8%
• Net Profit of HRK 2,471 million (EUR 337 million) increased by 11.6% over 2006, mainly as a result of one-off income related to investment in HT Mostar
• Net Cash flow from operating activities remains robust at 3,155 million (EUR 430 million) in spite of a decrease of 18.6% related to working capital
• T-Mobile segment: Following the market trend of stronger SIM growth than revenue growth as a consequence of multiple SIM usage and further penetration of the lower end of the market, a significant growth of 10.5% in subscribers enabled unconsolidated revenue growth of 5.1% over 2006
• T-Com segment: ADSL mainlines increased by 59.9% year-on-year raising the household broadband penetration in Croatia to a level of 22% (internally estimated); MAXtv, the Group’s successful IPTV service, reached 43,734 customers at the period end, following the launch of this service in late 2006
• Dividend payment proposal: the Supervisory Board of HT – Hrvatske telekomunikacije d.d. and the Management Board have decided to propose to the General Assembly a dividend payment of HRK 29.56 per share which equates to a dividend payout ratio of 100%