8.5.2008
Group Highlights:
• Strong financial performance in line with expectations, continued market leadership across all segments.
• Consolidated Revenue* at HRK 2.0 billion (EUR 280 million**), up 2.5% year-on-year
- Growth in mobile, broadband internet and wholesale services more than offset the expected decline in fixed-telephony revenue
- Market leadership maintained across all business segments
• EBITDA of HRK 927 million (EUR 128 million), down 5.5% following investment to upgrade fixed-line modems and terminals to meet increasing demand for broadband and IPTV as well as increased subscriber acquisition and retention costs, in both T-Mobile and T-Com
• EBITDA margin of 45.5%, consistently topping industry range
• Net Profit of HRK 548 million (EUR 75 million), down 3.8% (Q1 2007: HRK 570 million)
• Net Cash flow from operating activities increased by 27.9% to HRK 339 million (EUR 47 million) as a result of improvements in working capital (Q1 2007: HRK 265 million)
• T-Mobile highlights: Total revenue increased by 5.3% to HRK 935 million (EUR 129 million), with total subscriber numbers up 11.9% to 2,453,141. A 22.2% increase in postpaid subscribers to 720,167 drove an 8.3% rise in postpaid revenues, which more than made up for a decrease in call prices. Compared to end 2007 market share leadership improved in both subscriber numbers and revenues.
• T-Com highlights: Revenue remained stable at HRK 1,281 million (EUR 176 million), compared with HRK 1,286 million in the first quarter of 2007. Revenue from internet services increased by 33.9% to HRK 211 million (EUR 29 million), while wholesale revenues increased by 8.7% to HRK 275 million. ADSL Average Revenue per Access (ARPA) improved by 2.3% due to higher usage and commencement of payment by some customers for services marketed for free in 2007.
• Dividend ratio payout of 100% - The General Assembly of HT – Hrvatske telekomunikacije d.d., held on 21 April 2008, approved a dividend payment for 2007 of HRK 29.56 per share. The due date for the dividend payment is 19 May 2008.
• Full year 2008 guidance maintained
* As of Q1 2008, revenue from VAS (Value-added services) presented on a net basis as detailed in Note 1) on page 12
** Based on an exchange rate of 7.27 EUR/HRK