Brief: Magyar Telekom expects 3%-5% growth in EBITDA in 2022

Magyar Telekom Telecommunications Public

23/02/2022 16:45

Feb 23 (Reuters) - Magyar Telekom says in a statement:
    * ITS BOARD SETS NEW SHAREHOLDER REMUNERATION POLICY FOR THE
2022-2024 PERIOD
    * BOARD HAS PROPOSED A TOTAL SHAREHOLDER REMUNERATION OF A
DIVIDEND PAYMENT AND SHARE BUYBACKS OF UP TO HUF 29.6 BILLION TO
BE PAID IN 2022
    * SEES GROWTH IN ANNUAL SHAREHOLDER REMUNERATION AS
COMBINATION OF
DIVIDEND AND SHARE BUYBACKS IN LINE WITH IMPROVEMENTS IN
COMPANY'S FINANCIAL PERFORMANCE 
    * GOING FORWARD THE TOTAL REMUNERATION TO SHAREHOLDERS
EXPECTED TO
BE BETWEEN 60% AND 80% OF COMPANY'S ANNUAL ADJUSTED "PROFIT
ATTRIBUTABLE TO THE OWNERS OF THE PARENT"
    * MAGYAR TELEKOM SEES  1-3% GROWTH IN REVENUES IN 2022
    * SEES 3-5% GROWTH IN EBITDA IN 2022
    * SAYS Q4 NET PROFIT HUF 18.718 BILLION VERSUS HUF 14.81
BILLION
IN Q4 2020
    * SAYS EBITDA ROSE BY 3.7% YEAR-ON-YEAR TO HUF 64.93 BILLION
FOR
Q4 2021

Source text for Eikon: [ID:https://bse.hu/newkibdata/128676964/Shareholder_remuneration_23Feb2022_eng.pdf
]
Further company coverage: [MTEL.BU ]

 (Reporting by Krisztina  Than)
 ((Krisztina.Than@thomsonreuters.com;))