A1 unit in N. Macedonia grows EBITDA 12.6% y/y in Q1

A1 Makedonija's revenues increased by 10.1% on the year in the first three months of 2024, to 39 million euro, A1 Telekom Austria Group said in an interim financial statement on Tuesday.

Service revenues increased 12.7% year-on-year to 33 million euro in the first quarter of the year, mainly due an increase in the mobile business but also higher ICT solutions revenues.

Core operating expenses rose due to higher total workforce costs and increased expenses for licenses and software for resale, yet the overall increase in revenues surpassed these expenses, resulting in a rise in EBITDA, the group said in the statement.

A1 Makedonija competes with T-Mobile Macedonia, part of Deutsche Telekom, on a market of 1.8 million people.

In Southeast Europe, A1 Telekom Austria Group also operates in Bulgaria, Croatia, Slovenia and Serbia.

($ = 0.940 euro)