The Croatian incumbent Hrvatski Telekom (HT) ended the second quarter with 411,000 TV customers, or 5.2% more than in the same period last year, in its home market.
However, TV ARPU fell by 0.9% over the same period to HRK81 (€10.1).
In its latest set of results, the company motes that subscriber growth was the result of continuous service and program offer improvements through premium content (additional programme packages, VOD etc.) and enriched exclusive TV content.
Meanwhile, in Montenegro, where HT now also has a presence, there was a significant decline in TV customers, down 6.4% year-on-year to 58,000 in Q2.
The HT group as a whole had revenues of HRK1,874 million in Q2 (+8.3%), while EBITDA after exceptional items was HRK765 million (+7.9%). Net profit amounted to HRK262 million (-7.1%).
Commenting on the results, Davor Tomaskovic, president of the management board of Hrvatski Telekom, said: “I am satisfied with the results achieved in the first half of 2017. Excellent financial results allow us to invest and thus ensure HT’s technological superiority and the development of innovative services to the benefit of our customers, but also of the Croatian economy as a whole. Our new TV platform (IPTV and OTT) sets a new standard in the world of television services. We have provided voice over super-fast LTE network and super-fast data transmission during phone calls. Stream ON is a unique service on the Croatian and European market that provides customers with the opportunity to view entertainment contents without using the data included in their tariff package. In the following months, we will continue investing in network and in the digital transformation of our company as preconditions for the best customer experience and a premium position on the market. In Crnogorski Telekom, we have jointly defined and started the implementation of measures for quick wins on the market and for the stabilisation of financial results in the short period. We have also been working on structural changes to prepare the company for long-term growth and to strengthen its position on the regional market as well.”
