Ellenőrizd, hogy helyesen írtad-e be a keresőszót, esetleg próbálkozz meg egy újjal.
Budapest, February 25, 2021 17:30
Magyar Telekom (Reuters: MTEL.BU and Bloomberg:
MTELEKOM HB), the leading Hungarian telecommunications service provider, today
reported its consolidated financial results for the fourth quarter and full
year of 2020,
in accordance with International Financial Reporting Standards (IFRS) as
endorsed by the EU. The quarterly financial report contains unaudited figures
for each reporting periods.
Financial highlights:
Operational highlights
Tibor Rékasi, Magyar Telekom CEO commented:
“I am particularly proud that in the face of the COVID-19 pandemic, all our employees rose to the challenge to deliver a performance ahead of our 2020 expectations. In the fourth quarter, the business achieved robust results with a significant HUF 5 billion improvement in total EBITDA AL to HUF 56.6 billion. This strong final-quarter performance contributed to the successful delivery of our most important annual financial KPIs, including revenue, EBITDA AL and free cash flow.
2020 will also go down in history as a year of significant investments into our fixed and mobile networks. The fiber network roll-out gathered pace last year with overall development exceeding previous years’ levels. Looking ahead to 2021, I am confident that we will continue on our growth path despite ongoing volatility in our operating environment .”
This investor news contains
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 financial statements for the year ended December 31, 2019, available on our website at https://www.telekom.hu which have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) and adopted by the European Union.
In addition to figures prepared in accordance with IFRS, Magyar Telekom also presents non-GAAP financial performance measures, including, among others, EBITDA, EBITDA margin and net debt. These non-GAAP measures should be considered in addition to, but not as a substitute for, the information prepared in accordance with IFRS. Non-GAAP financial performance measures are not subject to IFRS or any other generally accepted accounting principles. Other companies may define these terms in different ways. For further information relevant to the interpretation of these terms, please refer to the chapter “Reconciliation of pro forma figures”, which is posted on Magyar Telekom’s Investor Relations webpage at www.telekom.hu/investor_relations.
.