Hrvatski Telekom (HT) ended the first half with 533,000 TV customers in its home market Croatia.
This, according to the company in its latest set of results, was 10.3% more than in the same period last year. However, TV ARPU fell slightly, by 1% to HRK85 (€). Meanwhile, HT’s Montenegrin subsidiary Crnogorski Telekom ended H1 with 72,000 TV customers, or 4.9% more than a year earlier. HT Group had revenues of HRK3,612 million in H1, an increase of 3.4% on a year earlier. Although its EBITDA after exceptional items was also up, by 3.1% to HRK1,478 million, net profit was 47.4% lower at HRK165 million.
Commenting on the business results, Konstantinos Nempis, CEO of HT, said: “Regardless of the still present challenging macroeconomic environment, HT ended the first half of 2021 on a positive note, as continued revenue growth translated into solid EBITDA AL growth, which enabled us to develop our business further.
“We remained true to maintaining strong, market leading investments. We expanded further our fixed network enabling over 387,000 households to enjoy the fibre giga speeds. We quadrupled the number of cities covered with 5G compared to 2020, almost doubling the population covered to 2 million. And we confirmed our leading network status. We continued supporting our customers, raising our service quality even further, helping them transform and become more resilient and agile, supporting their growing ambition.
“The work we have done is clearly reflected in the best-ever customer, and employee satisfactions in HT’s history. And these are the foundations on which we will continue building”.
