MAIN FACTS: - Following on from 2012 when the decline in revenues was reversed, Magyar Telekom forecasts revenues to grow by 2017 by around a 2% compound annual growth rate compared with 2012 levels. Although earnings before interest, tax, depreciation and amortization is still expected to decline in 2014, equivalent to a compound annual decline rate of 6%-8% compared with 2012, by 2017 the 2013 Ebitda level will be surpassed. - These positive developments in Ebitda will not just be down to increases in revenue but also boosted by an average reduction of 2% per year by 2017 compared to 2012 in indirect costs, excluding the telecommunication and utility taxes, and depreciation and amortization. - Magyar Telekom also intends to reduce its capital expenditures going forward, it targets spend of about 87 billion forints ($393.6 million) in 2014, which is planned to fall to about HUF80 billion in 2017. http://www.euroinvestor.com/news/2013/09/30/...-gearing-goal/12515148 |