Brief: Magyar Telekom Says Group Revenue Increased By 14.5% Y-O-Y In Q1 2024

Magyar Telekom Telecommunications Public

15/05/2024 16:45

May 15 (Reuters) - Magyar Telekom Tavkozlesi Nyrt
 MTEL.BU :
    * FIRST QUARTER 2024 RESULTS
    * GROUP REVENUE INCREASED BY 14.5% YEAR-ON-YEAR IN Q1 2024
    * QTRLY EBITDA AL, CONSEQUENTLY, INCREASED BY 51.4%
YEAR-ON-YEAR
IN Q1 2024
    * NET INCOME IN Q1 2024 AMOUNTED TO HUF 33.7 BILLION,
AGAINST HUF
10.5 BILLION IN Q1 2023
    * QTRLY REVENUE HUF 224,229 MILLION, UP 14.5%
    * QTRLY EBITDA  HUF 84,593 MILLION, UP 45.8%
    * QTRLY GROSS PROFIT HUF 135,458 MILLION, UP 18.7%
    * SEES 2024 REVENUE 5%-10% GROWTH
    * SEES 2024 EBITDA AL 20%-25% GROWTH
    * QTRLY EBITDA AL HUF 76,967 MILLION, UP 51.4%
    * WITH REGARDS TO ADJUSTED NET INCOME WE NOW TARGET TO REACH
CA.
HUF 140 BILLION IN 2024

Source text for Eikon:  ID: 
Further company coverage:  MTEL.BU 

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