Earnings Report /
Croatia

Hrvatski Telekom: Operating profitability in line with our estimates

  • In 2Q consumer spending and ultimately sales of mobile devices improved so HT Group’s H1 2021 revenue increased by 3.4%

  • In H1 EBITDA before extraordinary items after lease was up 3.2%, basically the same as revenue.

  • The actual results and current developments are in line with our estimates, so we keep or recommendation of BUY.

Tea Pevec
Tea Pevec

Head of Research

InterCapital
29 July 2021
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