Magyar Telekom Q1 21 - Expectedly solid start to the year with strength in mobile
Q1 21 in line with consensus, while net income beats RBIe on lower net financial costsSolid 8.1% yoy growth of EBITDA AL, well on track to meet FY 21 guidance
KPIs in the mobile segment were strong, however broadband ARPU contracted by 5.6% yoy
We expect a neutral market reaction
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.).
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