PPF Telecom Group B.V. has published its audited consolidated financial accounts for 2021.
Key performance indicators:
Number of mobile customers of the Group at the end of 2021 was 18.3 million, down 0.3% year over year as a result of the divestment of operations in Montenegro.
The Group’s consolidated revenue in 2021 reached EUR 3.3 billion, up 5.6% year-on-year.
The group’s reported EBITDA (earnings before interest, tax, depreciation and amortisation) for 2021 grew 10% year-on-year to EUR 1.6 billion. All business units contributed to this growth, along with favourable impact from one-off items and appreciation of the Czech Crown against Euro.
CAPEX (excluding spectrum costs) grew by 10% year-on-year, in step with the roll-out of 5G networks in Bulgaria, Czechia, Hungary, and Slovakia.