Brief: Magyar Telekom expects to outperform earlier 2021 revenue, EBITDA growth targets
10/08/2021 16:37
Aug 10 (Reuters) - Magyar Telekom Tavkozlesi Nyrt MTEL.BU
says in statement on Budapest Stock Exchange website:
* MAGYAR TELEKOM Q2 NET PROFIT HUF 14.5 BILLION, WHILE NET
PROFIT
ATTRIBUTABLE TO OWNERS OF THE PARENT HUF 13.5 BLN VERSUS HUF
12.9 BILLION IN SURVEY BY FINANCIAL NEWS WEBSITE PORTFOLIO.HU
* MAGYAR TELEKOM Q2 EBITDA HUF 59.27 BILLION VERSUS HUF 58.5
BILLION IN PORTFOLIO.HU SURVEY
* MAGYAR TELEKOM SEES AROUND 3% INCREASE IN REVENUE AND AT
LEAST
3% IN EBITDA IN 2021 VS AROUND 1% GUIDANCE PREVIOUSLY
* MAGYAR TELEKOM SAYS EBITDA TO GROW BY ABOUT 1% OR MORE PER
YEAR
OVER 2021-2024 PERIOD
* MAGYAR TELEKOM SAYS TARGETS GROWTH IN SHAREHOLDER PAYOUTS
OVER
2021-2024 PERIOD DEPENDING ON FREE CASH-FLOW AND NET PROFIT
* MAGYAR TELEKOM SAYS "WELL POSITIONED" TO OUTPERFORM
ORIGINALLY
COMMUNICATED REVENUE AND EBITDA GROWTH TARGETS FOR 2021
* SAYS RECORDED HIGHEST EVER MOBILE DATA TRAFFIC ON ITS
NETWORK
WHILE AVG DATA CONSUMPTION SURGED BY 25% YEAR ON YEAR IN Q2 2021
Source text for Eikon: [ID:https://bet.hu/newkibdata/128594888/Magyar_Telekom_Q2_2021_Financial_Report_10August2021_eng.pdf
]
Further company coverage: [ MTEL.BU]
(Reporting by Krisztina Than)
((Krisztina.Than@thomsonreuters.com;))