T-Mobile CR, 39% owned by Ceske radiokomunikace, released its Q1 2003 German GAAP figures yesterday. They exceeded our estimates at all levels (this is the first time the company has released quarterly data).
CZK mil. Q1 2003 Q1 2002 Change Q1 2003e.
Sales 5,690 5,180 +9.8% 5,399
EBITDA 2,830 2,430 +16.5% 2,322
EBIT - - - 1,016
Net income 1,040 868 +19.8% 567
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