Hungary's Magyar Telekom has no problem with sales

Portfolio
Hungary’s leading telecommunications group, Magyar Telekom, is set to publish its earnings report for the first quarter of 2019 after the closing bell on the Budapest Stock Exchange (BSE) on 8 May. Analysts expect the company to report a further increase in sales, but a contraction in both operating and after-tax profits.
  • Analysts expect MTel’s sales to be up 5% year on year, driven by the rise in data revenues, System Integration / IT revenues, and equipment sales.
  • Operating profit is seen down 13% in annual terms, and after-tax profit is projected to show a 37% plunge, mainly over the rise in costs related to equipment sales and higher operating expenses.


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