Increase in the number of users in all service segments: internet, TV and post-paid mobile services
Net profit in the third quarter increased by 9.6%
Leader on the TV market

Makedonski Telekom continues its successful operations in the third quarter of 2019 as well. The Company achieved growth of the net profit and increased its sales revenues compared to the same period last year. We continue to record an increase in the number of mobile and internet users and we are strengthening our leadership position in the TV segment. The positive performance of the Company which continues in the third quarter confirms that we are on the path to achieve sustainable growth and allows us to set our expectations about our future operation at a higher level.

Continuous growth of the financial parameters

Sales revenues of Makedonski Telekom in the first nine months of 2019, compared to the previous year, increased by 2.2% and amount to MKD 7,937 million. Earnings before income, tax, depreciation and amortization (EBITDA) for the same period increased by 5.3% compared to the previous year, whereas the net profit increased by 9.6%

Growth of the customer base

At the end of the first nine months of 2019 Makedonski Telekom increased the number of customers in all segments. With the 1.8% increase of the post-paid customer base, the total number of customers in the mobile segment reached 1,258 thousand. The broadband internet customer base increased by 4.0% and reached a total of 200.4 thousand.

Makedonski Telekom remains a leader in the TV segment with a continuously increasing number of customers (including Magenta 1, Internet & TV and other TV services), which at the end of the first nine months of 2019 resulted in customer base of 133.5 thousand. MaxTV remained customer's first choice due to the quality, exclusive contents, unlimited possibilities for interaction, as well as the unique TV experience. Furthermore, with the new Magenta 1 digital concept, launched in the third quarter this year, the users of our largest family can activate additional options, free of charge, each month, depending on their needs, for a simpler and smarter day-to-day life.

Strong focus on network investments

In this quarter as well, we continue to invest in infrastructure and improve our capacity. We increased the number of households covered with fibre-optic by 11.3 percent compared to the previous year. Now, more than one-third of the household in the country have a possibility to connect to the Telekom optical network and use the benefits of this technology.

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The operating results for the first nine months of 2019 presented above, for the purposes of making a comparative analysis with the previous year, are presented without the effect of the International Financial Reporting Standard 16 Leases.

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