HAKOM presented results of their latest research on the Croatian telecommunication market and the changes occurred during Q4 2018.
The Croatian Post and Electronic Communications Agency (HAKOM) released a media statement in which they presented results of their latest research on the Croatian telecommunication market and the changes occurred during Q4 2018.
According to the press release, the Croatian fixed broadband segment continued to rise reaching a total of 1.1m connections which represents a 2.3% YoY increase. Meanwhile, when looking on a QoQ basis, the number of connections was flat, increasing a mere 0.6%.
In December 82% of the populace used broadband internet through a mobile network which, compared to 2017, remains flat (+0,57% YoY).
Revenues from fixed telephony services decreased 15.3% YoY, amounting to HRK 317m. The decrease in revenue came coupled with a decrease in number of subscriptions which decreased to 1.3m (-2% YoY). On the flip side, revenues from mobile telephony services went up 3% YoY to HRK 1.1bn while the number of users amounted to 4.4m (+1.7% YoY).
In 2018, Intereuropa recorded an increase in sales of 7%, flat EBITDA and a net profit of EUR 4.7m.
As Intereuropa published briefed unaudited data regarding their 2018 results, we are bringing you some key takes from it. According to the report, the Group recorded sales revenues amounting to EUR 160.4m, which represents an increase of 7% YoY. Despite problems at the subsidiary in Serbia, the Group achieved growth in sales in 2018, primarily as the result of intensive sales activities. Note that the growth in sales was achieved in all three of the Group’s business lines – land transport, logistics solutions and intercontinental transport.
Intereuropa Sales Revenues (2015 – 2018) (EUR m)
Gross margin decreased 1.6pp in 2018 primarily as the result of higher costs of transport services. It was also influenced by a change in the structure of sales on account of an increase in sales in the intercontinental transport segment which yields lower margins.
When observing the Group’s EBITDA, it amounted to EUR 12.8m, which remains flat compared to 2017. Even thought Group expereinced an increase of 6% in labour costs it was offset by significant decrease in other operating expenses (-74% yoy) as there was no revaluation for intangible assets and property, plant and equipment in 2018.
In 2018, Intereuropa turned a net loss from 2017 (EUR -2m) to a net profit of EUR 4.7m.
Intereuropa EBITDA & Net Income (2015 – 2018) (EUR m)
The Group’s debt was down by 10%, despite the fact that investments in property, plant