Investor Release

Magyar Telekom

IR contacts:

Position:

Telephone:

E-mail address:

Diána Párkányi-Várkonyi

Capital Market Relations Hub Lead

+36-1-481-7676

varkonyi.diana.annamaria@telekom.hu

Rita Walfisch

Investor Relations manager

+36-1-457-6084

walfisch.rita@telekom.hu

Gabriella Pászti

Investor Relations manager

+36-1-458-0332

paszti.gabriella@telekom.hu

Magyar Telekom upgrades Revenue and EBITDA AL guidance for 2023

Budapest - September 26, 2023 - Magyar Telekom (Reuters: MTEL.BU and Bloomberg: MTELEKOM HB, hereinafter the "Company"), the leading Hungarian telecommunications service provider, announces an upgrade to its Revenue and EBITDA AL guidance for 2023, as a result of recent developments in the Hungarian telecommunications market being better than expected.

Throughout the past few months, the Company continued to experience strong customer demand for its services, particularly for mobile data and fixed broadband. Despite turbulence in the economic environment, subscriber growth and customer spending trends remained favorable, resulting in operational results that exceed earlier forecasts.

As a result, the Company has taken the decision to upgrade its 2023 Revenue and EBITDA AL targets, projecting 10%-15% growth, up from the previously anticipated 5%-10%. All other aspects of our 2023 guidance remain unchanged.

2022 Actual

Earlier guidance for 2023

Upgraded guidance for 2023

Revenue

HUF 746.7 billion

5%-10% growth

10%-15% growth

EBITDA AL

HUF 221.5 billion

5%-10% growth

10%-15% growth

Adjusted net income

HUF 63.0 billion

double-digit growth

double-digit growth

FCF1

HUF 50.9 billion

ca. HUF 60 billion

ca. HUF 60 billion

1 Excluding spectrum licenses

This investor news may contain forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore should not have undue reliance placed upon them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Such factors are described in, among other things, our Annual Reports for the year ended December 31, 2022 available on our website at http://www.telekom.hu.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Magyar Telekom Nyrt. published this content on 26 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 September 2023 15:37:03 UTC.