Ceske radiokomunikace is to report Q1 2002 CAS unconsolidated results today. These have little relevance since they do not include the results of the cellular operator RadioMobil (39% owned by Ceske radiokomunikace) and fixed-line operator Contactel (50% owned by Ceske radiokomunikace). Nevertheless, our projections are:
(CZK mil.) Q1 2002E Q1 2001 % change
Revenues 809 716 13.1%
EBITDA 347 304 14.4%
EBIT 34 42 -18.7%
Net Income 62 67 -6.8%
Czech Press Agency informed that Q1 2002 EBITDA of RadioMobil reached CZK 2.33 bil., which is 4% above our projections, sales were 15% below our projections. No details were released, Ceske radiokomunikace stock is unlikely to react.
(Jiri Soustruznik)