Croatian Telecom’s H1 2023: Boost in Revenue and Pioneering Digital Investments 

In the first half of 2023, Croatian Telecom (HT) saw a 6.2% YoY increase in revenues, reaching €492m.


Croatian Telecom (HT) witnessed a robust H1 2023, with revenues rising 6.2% year-on-year to €492m. HT’s president, Kostas Nebis, noted that these financial gains helped counterbalance the impact of inflation on operating costs. Moreover, HT undertook significant investments totaling €233.1m, more than double compared to the previous year, contributing to Croatia’s digital transformation. The company also boosted its leading optical network’s coverage by 19% and intends to reach over a million households across both urban and rural Croatia. HT reassumed control of the technology unit from Ericsson Nikola Tesla Servis, crucial for telecom network construction and maintenance. Projecting a dividend of at least €0.80 per share for 2023, the firm expects low single-digit growth in revenue and EBITDA, with a mid-single-digit decrease in capital spending. HT purchased an additional 216,286 shares worth €5.4m and plans to persist with its share buyback scheme. HT also embarked on its first corporate virtual agreement for renewable power supply, involving 50 GWh of annual wind energy production by Liburana company. 

Source: novac.jutarnji.hr

Jakub Warzecha

Creative copywriter, archaeologist. Interested in history, technology and military matters. Specializes in marketing communications and application architecture design.

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