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Nov 10, 2017 16:06 EEST
November 10 (SeeNews) - Croatia's biggest telecommunications operator, Hrvatski Telekom [ZSE:HT-R-A] said on Friday it expects its 2018 consolidated revenue to slightly exceed the 2017 planned figure of 7.65 billion kuna ($1.2 billion/1.0 billion euro).
Hrvatski Telekom predicts its revenue will rise 9.8% on the year to 7.65 billion kuna at the end of 2017, the company said in a filing to the Zagreb Stock Exchange.
Its EBITDA margin is expected to drop slightly to 40% at the end of the year, from 40.5% at the end of 2016, where it should remain in 2018.
The company expects its CAPEX will increase to 1.90 billion kuna at the end of 2017, before falling slightly next year. Hrvatski Telekom ended 2016 with a consolidated CAPEX of 1.61 billion kuna.
Hrvatski Telekom is the leading provider of telecommunications services in Croatia, serving 900,000 fixed lines, 2.3 million mobile subscribers and 800,000 million broadband connections through its residential and business divisions.
(1 euro=7.54011 kuna)
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