Earnings Report /
Croatia

Hrvatski Telekom: Strong mobile growth in Q3, Optima deconsolidated

  • 9M 2021 sales were up 0.6% YoY resulting from strong growth in mobile business despite Optima deconsolidation.

  • 9M 2021 EBITDA after leases was up 6.4% due to lower expenses resulting from deconsolidation of Optima.

  • Also due to lower material expenses (3Q -25% YoY) resulting from lower sales in System solutions (3Q -55% YoY).

Tea Pevec
Tea Pevec

Head of Research

InterCapital
28 October 2021
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