Szabó said MTel expects its revenues to fall by 2% and EBITDA by 3.2% in 2017. In its earnings report, MTel changed its guidance for 2017 revenues from HUF 560-570 bln to “around HUF 560 bln,” and for EBITDA from HUF 181-185 bln to “around 182 bln.”
The CFO said predicted earnings and revenues were lower as this year would present several challenges to the company.
Magyar Telekom on Wednesday said its board will propose to shareholders payment of a HUF 25 per-share dividend on 2016 earnings, lower than the HUF 32 per-share dividend expected by analysts.
MTel net debt ratio has been several times above 30-40% in the past, and stood at 39.3% at the end of last year, but the company wants to reach the middle range of the band and also raise its reserves, Szabó said, concerning the reasons behind the lower than expected dividend.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
