The Croatian incumbent Hrvatski Telekom (T-HT) ended Q1 with 347,908 residential customers to its TV services.
This was 1.2% more than three months earlier and a 7% increase on the same period in 2012.
It also had 20,939 business customers for its TV services, up 1.3% and 6.2% on Q4 and Q1 2012 respectively.
On the other hand, its residential broadband access total in Q1 was, at 523,740, 2.3% down on a year earlier, while in the business segment it rose by 2.7% to 109,794.
Although T-HT maintained its leading position in all three markets in the residential sector (mobile, fixed and IP), its revenues were down by 3.9%, due mainly to lower voice revenues in mobile and fixed.
T-HT had total revenues of €224 million in Q1, or 6.1% less than a year earlier.
EBITDA was down by 22% to €80 million and net profit by 34.7% to €31 million.
Commenting on the results, Ivica Mudrinic, president and the management board (CEO), said:
“Our business in the first quarter was again impacted by the sluggish economy as well as intensified regulatory and competitive pressure. In the face of this difficult environment, we have increased our efforts to maintain and grow our customer base and to promote the Group’s broadband and TV products. Whilst this necessitated significantly higher merchandise costs than in Q1 2012, we are confident that the investment will pay off soon.
“The factors outlined above exerted downward pressure on our Q1 performance. Nevertheless, in light of our strong market position and strategic focus, we are maintaining our outlook for the full year 2013.”
