Magyar Telekom sales climb 4.1% in 4Q19

19 Feb 2020

Hungarian full-service operator Magyar Telekom reported that its total revenues increased by 4.1% year-on-year to HUF182.3 billion (USD587 million) in Q4 2019, which it attributed to a recovery in turnover from its corporate IT/system integration (SI) operations alongside continued growth in mobile data revenues in Hungary and at its North Macedonian subsidiary. Mobile revenues grew by 3.3% y-o-y to HUF94.5 billion in the three months ended 31 December 2019 as data growth helped to offset lower voice revenues in both countries of operation. Three-month fixed network division revenues were 1.8% higher y-o-y at HUF55.0 billion, attributable to rising TV and broadband retail service revenues, while quarterly IT/SI revenues increased by 10.9% y-o-y to HUF32.8 billion. EBITDA increased by 23.4% y-o-y to HUF57.6 billion in October-December 2019 (excluding the impact of IFRS 16 accounting standards adoption, EBITDA rose 12.4%), and net profit increased from HUF7.7 billion in Q4 2018 to HUF13.0 billion in Q4 2019, attributable to improvements in both operating and financial results.

Magyar Telekom’s mobile customers in Hungary reached 5.369 million at end-2019, up from 5.330 million twelve months previously. It reported 1.231 million Hungarian fixed broadband internet subscribers at the same date, rising from end-2018’s total of 1.148 million, while fixed line voice customers declined to 1.362 million (end-2018: 1.383 million).

Hungary, Magyar Telekom