Profit and revenue growth for Hrvatski Telekom
MAY 2, 2023 08.26 EUROPE/LONDON BY CHRIS DZIADUL

Despite making a strong start to 2023, Hrvatski Telekom (HT) lost TV subscribers in its home market Croatia in the year to March 31.

According to the company, it ended Q1 with a total of 533,000, down 0.5% on the same period last year.

However, its Montenegrin CT subsidiary saw its TV subscriber total grow by 4.9% to 79,000 over the same period.

HT Group had revenues of €241.3 million in Q1, or 6.3% more than in the same quarter last year.

Its adjusted EBITDA AL was €87.1 million (+1%) a net profit €27.1 million (16.7%).