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Budapest, November 9, 2021 17:30
Magyar Telekom (Reuters: MTEL.BU and Bloomberg: MTELEKOM HB,
hereinafter: Company), the leading Hungarian telecommunications service
provider, today reported its consolidated financial results for the third quarter and first nine
months of 2021, in accordance with International Financial Reporting
Standards (IFRS) as endorsed by the EU (hereinafter: quarterly financial report).
The quarterly financial report contains unaudited figures for each reporting
period.
Financial highlights:
Operational highlights
Tibor Rékasi, Magyar Telekom CEO commented:
“Our operating environment continued to develop favorably in the third quarter of 2021 as the effects of COVID-19 diminished further, for both Magyar Telekom and the wider market. In line with our strategy, we continued to build and modernize our Gigabit-capable network and by the end of the third quarter we reached 2.89 million access points.
Magyar Telekom grew significantly year-on-year in terms of revenue, gross profit and EBITDA. This is testament to our excellent network quality and outstanding customer satisfaction, which have enabled us to successfully monetize strong market demand for our telecommunications and data services.”
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, 2020, available on our website at http://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.
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