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A1 Telekom Austria's Croatian unit grows Jan-Sept EBITDA

A1 Telekom Austria's Croatian unit grows Jan-Sept EBITDA Author: A1 Bulgaria / All rights reserved.

ZAGREB (Croatia), October 16 (SeeNews) - A1 Telekom Austria Group said on Wednesday its Croatian unit, formerly Vipnet, recorded a 7.1% year-on-year growth in earnings before interest, taxes, depreciation and amortisation (EBITDA) to 115.9 million euro ($127.8 million) in the first nine months of 2019.

The revenues of A1 Croatia rose by an annual 1% to 323.5 million euro in the nine months through September, A1 Telekom Austria Group said in an interim financial statement.

In the third quarter of 2019 alone, A1 Croatia reported EBITDA of 49.3 million euro, up 7.7%, while revenues edged up 0.4% to 114.9 million euro.

"Total revenues in the Croatian segment increased slightly, by 0.4% year-on-year, driven by higher service revenues. Fixed-line service revenues grew, driven by higher retail fixed-line revenues. This was due to broadband and TV RGU growth as well as a higher ARPL, which also rose due to a price increase in September 2019," A1 Telekom Austria said.

The number of wireless subscribers of A1 Croatia rose to 1.903 million at the end of September, up 1.4% on the year.

In October 2018, the Croatian unit of A1 Telekom Austria said it changed its name to A1 Croatia from Vipnet. Telekom Austria Group decided in 2017 that A1 will become a unique brand for all its subsidiaries, including Vipnet on the Croatian market.

On the mobile segment in Croatia, a market of around 4.3 million people, A1 Croatia competes with the local unit of Swedish telecommunications group Tele2 and with the wireless arm of Hrvatski Telekom (HT).

($ = 0.906630 euro)