Brief: Magyar Telekom Qtrly Revenue HUF 195,870 Mln, Up 12.5%

Magyar Telekom Telecommunications Public

10/05/2023 16:42

May 10 (Reuters) - Magyar Telekom Tavkozlesi Nyrt
 MTEL.BU :
    * FIRST QUARTER 2023 RESULTS
    * GROUP REVENUE GREW BY 12.5% YEAR-ON-YEAR IN Q1 2023
    * NET INCOME WAS 43.0% LOWER YEAR-ON-YEAR, AT HUF 10.5
BILLION IN
Q1 2023
    * EBITDA AL DECLINED BY 8.9% YEAR-ON-YEAR TO HUF 50.8
BILLION IN
Q1 2023
    * QTRLY REVENUE HUF 195,870 MILLION, UP 12.5%
    * SEES 5%-10% GROWTH IN REVENUES IN 2023
    * Q1 2023 EBITDA HUF 58,029 MILLION, DOWN 6.6%
    * SEES 5%-10% GROWTH IN EBITDA AL IN 2023
    * QTRLY INDIRECT COSTS WERE UP BY 44.7% YOY, REFLECTING THE
EFFECT
OF THE SUPPLEMENTARY TELECOMMUNICATION TAX
    * QTRLY INDIRECT COSTS WERE UP REFLECTING EFFECT OF HIGHER
ELECTRICITY COSTS, AVERAGE 7% INCREASE IN WAGE EXPENSE &
INFLATIONARY PRESSURE

Further company coverage:  MTEL.BU 

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