In 9m 2019, Optima Telekom recorded flat sales, increase in EBITDA of 10.7% and a net profit of HRK 5.59m.

In the first nine months of 2019, Optima Telekom observed flat sales of HRK 398.7m. There was a slight increase in total telecommunications services revenues in the first nine months of 2019 of 0.2% YoY. Total revenue increase was offset by revenue decline from public voice service (10.8%), which has been a global trend for some time now.

The effect of lower PVS revenues was decreased by increased interconnection revenues of 7.5%, which is a consequence of the increased volume of low profit international transit, as well as an additional revenue increase from equipment and ICT services sales.

ICT services revenues record a constant growth. Also, there is a slight growth in multimedia revenue of 3.0%, which is alongside Internet one of the two mediums in the focus of the company business operations.

Operating expenses amounted to HRK 373.2m, representing a decrease of -4.12% (HRK 16m), which could be attributed to lower other external costs item. As a result, EBITDA before special items after leases amounts to HRK 91.4m, representing an increase of 10.7% (HRK +8.8m).

Going further down the P&L, operating profit amounted to HRK 28.95m, which represents a sharp increase of 89%. For the most part, this is a result of the business operations cost optimization.

In 9m 2019, Optima Telekom recorded a net profit of HRK 5.4m, compared to a net loss of HRK -6.5m from the same period last year.

CAPEX in 9m of 2019 amounted to HRK 59.6m. Out of that, HRK 19.9m was invested into the development of user equipment for providing services to residential and business customers. Investments into development of optical fiber network, access network and core network amount to HRK 12.8m, while HRK 26.7m was invested into expansion of customer services and IT systems.