The Telekom didn't disappoint - But is the share still cheap after a 50% surge?
Magyar Telekom published its second-quarter results in line with expectations. Revenue increased slightly, but EBITDA decreased slightly due to the lack of favorable base-period items. Mobile data remains the engine of growth, while revenues in the system integration and IT segments decreased. The main messages of the interim report were presented, and the price of the shares was analyzed after the 50% increase this year.
Magyar Telekom announced its second-quarter results today, which were in line with analysts’ expectations, in its post-market report. Revenue increased slightly, even without the impact of inflation-linked price adjustments, and EBITDA decreased slightly due to the absence of one-off positive items in the base period. Mobile data remains a driver of growth, while the system integration/IT business segment continued to suffer from declining revenues in the quarter. We present the key messages of the report and also look at whether the shares are still cheap after the 50% increase in price this year.
