Revenue up 2.8%, T-Mobile exceeds 2.6 million subscribers; strong growth in ADSL and MAXtv.
6.11.2008
T-Hrvatski Telekom announces its unaudited results for the nine months ended 30 September 2008.
Group Highlights
- Solid growth in Internet, Mobile and Wholesale drives 2.8% revenue growth to HRK 6,652 million (EUR 919 million)
- EBITDA stable at HRK 3,193 million (EUR 441 million); EBITDA margin remains strong at 48.0%
- Net profit fell 1.5% to HRK 1,888 million excluding the impact of a one-off gain in 2007 (down 12.3% including the impact of the one-off gain)
- Operating cash flow remains strong at HRK 1,937 million
- Outlook maintained, but with full-year revenue expectations slightly increased
T-Mobile
- 15% growth in subscriber numbers drives 5.5% increase in revenue to HRK 3,365 million
- Monthly minutes of use down 1.8% to 125.1 minutes per subscriber
- Postpaid subscribers up 20.7%; postpaid accounts for 60.5% of T-Mobile revenue
- Launching iPhone in Croatia on 7 November
T-Com
- Revenue steady at HRK 3,904 million
- ADSL mainlines up 43.4% to 429,242
- MAXtv subscribers up 4x to 92,205; reaches 100,000 in October following launch of standalone product
Ivica Mudrinić, President of the Management Board and CEO, said:
“T-Hrvatski Telekom had an excellent third quarter that enhanced an already strong year to date. Our focus on competitive pricing and product innovation has helped the group deliver solid growth in mobile revenue and an outstanding performance in increasing broadband and IPTV subscriber numbers. Since the end of the third quarter our MAXtv service has broken through 100,000 subscribers and I am pleased to report that we will launch the iPhone in Croatia tomorrow. As the year draws to a close we remain confident of delivering a good set of results for the whole of 2008.”