T-HT’s first-half revenues fall 6%

30 Jul 2012

Croatian telecoms group T-Hrvatski Telekom (T-HT), part of the Deutsche Telekom group, has reported that its consolidated revenues in the first half of 2012 dropped by 6% year-on-year to EUR484 million (USD596 million), while EBITDA fell by 2.9% to EUR215 million and net profit dipped by 2.5% to EUR107 million. The company blamed tough competition, a harsh macro-economic environment and the impact of regulatory measures for the decline in sales and profitability. T-HT’s residential (fixed and mobile network) division saw revenues driven down 6.5% in January-June 2012 by lower mobile and fixed voice turnover. One area in which it saw a measure of successful growth, however, was the pay-TV (IPTV and satellite) segment, where it increased its residential TV subscribers to 327,000 at end-June 2012, up by 7.5% and 0.6% year-on-year and quarter-on-quarter, with a 7.5% y-o-y increase also registered in business pay-TV subscribers, which reached nearly 20,000 at end-June (although flat quarter-on-quarter).

Croatia, Hrvatski Telekom (HT)