MTel posts 3.3% rise in Q1 revenue

14 May 2015

Deutsche Telekom’s Hungarian subsidiary Magyar Telekom (MTel) has reported total revenue of HUF156.96 billion (USD576 million) for the first three months of 2015, an increase of 3.3% from HUF151.89 billion in the year-ago period, primarily driven by higher mobile and energy revenues. The firm said that higher mobile equipment and data revenues were only partly offset by lower mobile voice and SMS revenues. EBITDA increased by 4.8% year-on-year, from HUF40.53 billion in 1Q14 to HUF42.47 billion a year later, due to a higher overall gross margin driven by increased post-paid customers and ARPU, lower energy discounts, as well as savings in employee related expenses. MTel said that net income decreased from HUF4.83 billion in the first three months of 2014 to HUF2.51 billion a year later, largely due to higher depreciation and amortization and net financial expenses offsetting the improvement in EBITDA.

MTel’s Hungarian mobile unit reached 4.947 million at 31 March 2015, up from 4.878 million twelve months later, with post-paid users accounting for 50.4% of the total base, compared to 48.7% at end-March 2014. The number of mobile broadband users increased from 1.755 million to 2.047 million over the twelve-month period, while MTel’s retail fixed broadband base grew to 940,655 at 31 March 2015 from 866,922 a year earlier. The business services division T-Systems Hungary reported a further 515,595 mobile subscribers (a slight decrease of 0.2% year-on-year) and 8,750 retail fixed broadband users (down by 30%) in 1Q15. In Macedonia, the mobile subscriber total fell 0.4% year-on-year to 1.189 million, although the number of retail fixed broadband customers increased slightly, by 1,263, to 163,624 at 31 March 2015. In Montenegro, meanwhile, where MTel has a 76% stake in Crnogorski Telekom/T-Mobile Montenegro, the cellular subscriber total declined from 332,833 in 1Q14 to 328,544 a year later, and the number of DSL accessed rose from 89,387 to 91,733 over the same period.

Hungary, Montenegro, North Macedonia, Crnogorski Telekom, Magyar Telekom, Makedonski Telekom (Telekom), T-Mobile Macedonia