Montenegrin Telekom continued four-year growth trend in revenue and operating profit in 2024 as well. in 15, achieving continuous revenue and EBITDA growth for XNUMX consecutive quarters. The company's financial results in the previous year reflect stable business trends, with positive developments in the retail and wholesale segments. Revenues increased by 7,5% compared to 2023, reaching 90,4 million euros, while operating profit before interest, taxes, depreciation and amortization (EBITDA), after lease and without special impacts, amounts to 32,1 million euros, which represents a growth of 6,5% compared to the same comparative period.
Record investments for future growth
Last year was also a year of record investments for Crnogorski Telekom, with 20 million euros invested in improving the network, technology platforms and user experience. Continuous investments and focus on expanding the mobile network and optimizing its performance strengthened the company's leading position in 5G and 4G signal coverage in Montenegro (EKIP, October)Today, Crnogorski Telekom's 5G network covers over 90% of the population, while the availability of 4G signals is at a high level of 98% of the population.
#1 by user opinion – 2024.
Continuous investments in the development of 5G and 4G networks, as well as the introduction of technological innovations, have contributed to a high level of customer satisfaction of Crnogorski Telekom compared to the competition. According to a survey conducted for Deutsche Telekom by an independent international agency using a globally recognized TRI*M methodology, Crnogorski Telekom achieved its best customer satisfaction result so far last year, and this is thanks to the dedication of all employees, especially those who work directly with customers - at points of sale, in customer service and business sales.
User base growth in key segments
During 2024, Crnogorski Telekom also recorded growth in its user base in key segments, with the most pronounced growth in the optical network and mobile telephony, with positive results in both TV and broadband services.
Optical network: Number of users increased by 13% compared to the previous year, while continuous investments enabled the expansion of the optical network by an additional 10.000 homes (+7%), bringing total coverage to 143.000 homes.
Mobile telephony: Thanks to the stable performance of the 5G and 4G networks and high user satisfaction, postpaid base grew by 6%, which confirms the trend of stable growth and strong market position.
Number of users mobile internet also increased by 6% compared to 2023.
Broadband and TV services: Telekom ended the year with a 1,3% increase in the number of broadband connections, reaching 85.000 users, while the TV user base grew by 2,2%.
Strategic projects, the foundation for long-term growth
The previous year was important for the development of strategic projects that further strengthened Crnogorski Telekom's position as a leader in the industry and laid the foundation for future growth. IP transformation focused on expanding capacity and optimizing the network, cloudification of the central part of the network, development and expansion of 5G and optical networks indicate a strong development orientation of Telekom, towards maintaining, but also exceeding EU standards in terms of network performance and service quality.
In addition, in the segment of user orientation, Magenta Moments program, with more than 89.000 active users and 300+ partners, positioned Telekom as one of the leading players in the segment of customer loyalty and benefit programs in Montenegro, just one year after its launch.
"We are growing in key business segments, but the leading indicators that guarantee stability for the coming period are our investment focus – worth 20 million in 2024. Crnogorski Telekom is not just an infrastructure provider, but a catalyst for positive economic developments. Our investments in telecommunications infrastructure of high EU standards create the foundations for attracting foreign investors, creating new jobs and contributing to general economic development. Behind Crnogorski Telekom stands the strength, values and knowledge of the Deutsche Telekom Group, which is once again positioned as the most valuable telecommunications brand in the world this year. That is why we push boundaries, set trends in technological terms, open up important topics to the general public, introduce advanced services and, as a “Regional ESG Leader”, we care about the environment and the community. – in the end, our users recognize and reward this", he pointed out Stjepan Udovicic, CEO of Crnogorski Telekom, summarizing the company's results from last year's operations.
Stable growth in share value and attractive returns for shareholders
Crnogorski Telekom, as the only telecommunications operator listed on the Montenegro Stock Exchange, achieved a turnover of 2024 million euros in 1,83, This positions it among the most traded joint-stock companies, indicating investor confidence.
Crnogorski Telekom continued the positive trend of growth in the value of its shares in 2024. The share price increased from EUR 1,80 to EUR 2,17, which represents an increase of EUR 0,37 or 21% on an annual basis. In addition to capital growth, shareholders were paid a dividend of EUR 2024 per share in 0,12, which represents a yield of 31.12.2023% compared to the share price as of December 6,7, XNUMX. The combined effect of the share price growth and the dividend paid positioned Crnogorski Telekom shares as an attractive investment option, especially compared to savings yields in commercial banks.
Additionally, Telekom allocated EUR 3 million for a share buyback program last year. This program further reflects the company's confidence in the long-term sustainability and value of its shares.
