Magyar Telekom - MTEL Q4: Royal Flush
Royal Flush
- An investor can hardly ask for better news: (1) quarterly results came significantly better than consensus, (2) shareholder remuneration is much better than we had expected, (3) ratio of dividend in total shareholder remuneration was increased showing the stability of earnings going forward, (4) forward earnings guidance is very-very robust.
- Profit arrived to HUF 16,7 bn +19% higher compared to consensus mainly thanks to higher EBITDA.
Magyar Telekom is engaged in the providing fixed line and mobile telecommunication services for public and business customers. Co. provides voice and non-voice (SMS, MMS, internet, data and content provision) within mobile services; voice, data, internet and TV services within fixed line services. In addition, Co. sells equipment needed for using fixed line and mobile services (telephones, tablets, notebooks, TV sets etc.).
Concorde Securities Ltd. is Hungary’s leading independent company engaged in investment banking activities. It provides its clients with integrated financial services, including securities trading, research, corporate financing advisory, capital market transactions, wealth management and investment advisory. The operational management of the company is the responsibility of the CEO, while the owners/managers (who control one-third of the company through their shares and options) are in charge of its strategic governance. Concorde Securities Ltd. is a member of the Budapest, Frankfurt, Warsaw and Bucharest stock exchanges, as well as of the Hungarian Association of Investment Service Providers.
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