Sales down 1% in Q1 for CKHGT

6 May 2022

CK Hutchison Group Telecom Holdings (CKHGT) has reported revenues of EUR2.43 billion (USD2.56 billion) for the first three months of 2022, down 1% year-on-year. Total margin was flat at EUR1.71 billion, with a decline in Italy being offset in the UK and other markets. Revenues in the UK were flat y-o-y, though in Italy Q1 sales were down 6% at EUR977 million.

While active subscription numbers rose 5% in the UK to 9.75 million at the end of March 2022, there was a 1% decline in Italy to 19.19 million. CKHGT includes 3 Group Europe businesses in six markets, plus Hutchison 3 operations in Hong Kong and Macau.

Hong Kong, CK Hutchison