A1 Srbija EBITDA up 10% in 2023

Total revenue increased by 7.3% to 382 million euro last year, as service revenues rose 7.5% to 280 million euro, A1 Telekom Austria Group said in an annual financial statement published earlier this month.

A1 Srbija's EBITDA margin came in at 33.2% last year, up from 32.3% in 2022.

In the fourth quarter alone, A1 Srbija's EBITDA rose 10.6% to 32 million euro, while total revenues went up 4% to 100 million euro.

"Total revenues grew by 4.0%. This was driven by the growth in service revenues (+6.2%), mainly resulting from upselling measures for voice tariffs and a higher data consumption, paired with increasing demand for the refreshed product portfolio as well as for TV and ICT solutions," A1 Telekom Austria noted referring to the fourth-quarter performance of its Serbian unit.

A1 Srbija, previously known as Vip Mobile, was the third largest mobile services provider in Serbia at the end of 2023, with a 23.98% market share, according to data from the country's telecommunications agency. The other two mobile operators - state-owned Telekom Srbija and Yettel, the local arm of Czech investment group PPF, had shares of 44.15% and 31.87%, respectively.

($ = 0.921 euro)