Telecommunication services: approx. 60%
Internet services: approx. 25%
Digital services and IT solutions: approx. 15%

Top 3 markets:

1. Croatia: approx. 75%
2. Bosnia and Herzegovina: approx. 15%
3. Montenegro: approx. 10%

Hrvatski Telekom d.d. generates the majority of its revenue from the field of telecommunication services, which include mobile and fixed-line services. A significant portion also comes from internet services, while digital services and IT solutions are gaining importance.

The Croatian market is the company's main revenue driver, followed by Bosnia and Herzegovina and Montenegro. These markets are crucial for the regional presence and growth potential of Hrvatski Telekom in Southeast Europe.

Production Sites: No specific production facilities, as it is a service company.

Hrvatski Telekom d.d. is primarily a telecommunications company and not a manufacturer of physical products. The company offers services such as mobile telephony, fixed-line telephony, internet, and IPTV. Therefore, Hrvatski Telekom does not operate traditional production facilities, but focuses on expanding and maintaining telecommunications infrastructure, such as mobile phone towers and data networks, mainly in Croatia.

Strategy for Future Growth:

1. Digitalization and Infrastructure Investments: Hrvatski Telekom d.d. is strongly focusing on digitalization and expanding its telecommunications infrastructure. This includes investments in 5G network expansion to improve network coverage and quality.

2. Expansion of Service Portfolio: The company plans to expand its offering of digital services, especially in the areas of cloud services and IoT (Internet of Things), to unlock new business opportunities.

3. Sustainability Initiatives: Another key focus is on implementing sustainability strategies to reduce the ecological footprint and lower costs in the long term. This includes the use of renewable energies and optimizing energy efficiency in operational processes.

Hrvatski Telekom d.d. relies on a combination of technological innovation and sustainable business practices to strengthen its market position and ensure future growth. The strategic investments in infrastructure and digital services are intended to increase customer satisfaction and open up new revenue streams.

Imported Materials: Telecommunications equipment, fiber optic cables, electronic components

Main Import Countries: Germany, China, USA

Hrvatski Telekom d.d. mainly imports telecommunications equipment and fiber optic cables, which are necessary for the expansion and maintenance of their network infrastructure. These materials are primarily sourced from Germany and China, as these countries are leading in the production of high-quality telecommunications technology.

In addition, electronic components used in various telecommunications devices are often imported from the USA. These imports are crucial for maintaining and improving the network services of Hrvatski Telekom.

Market share in mobile communications: 45% (2024, estimated)
Market share in fixed-line: 60% (2024, estimated)
EBITDA margin: 38% (2023)

Hrvatski Telekom d.d. has a significant competitive advantage in Croatia, especially due to its dominant market position in the fixed-line sector and a strong share in the mobile communications sector. These market shares enable the company to benefit from economies of scale and achieve a high EBITDA margin of 38%, indicating an efficient cost structure and strong pricing.

The competitive advantage is further supported by the comprehensive infrastructure and wide range of services that appeal to both private and business customers. Investments in expanding fiber optic networks and 5G technologies further strengthen Hrvatski Telekom's position and ensure long-term competitiveness.

Despite its strong market position, the company must be vigilant of increasing competition from alternative providers and new technologies that could dynamically change the telecommunications market.

Institutional Investor Share: 54% (2025, estimated)
Insider Buys/Sells: No significant transactions in the last year (2024)

The institutional investor share in Hrvatski Telekom d.d. is estimated to be around 54%. This demonstrates the confidence of institutional investors in the company and its market position.

In 2024, there were no significant insider transactions, which could indicate a stable assessment of the company's value by management. This may also mean that the management does not expect any significant changes in the stock price.

Market share of Hrvatski Telekom d.d.: 45% (2025, estimated)

Top competitors and market shares:

1. Hrvatski Telekom d.d.: 45%
2. A1 Hrvatska: 30%
3. Telemach Hrvatska: 15%
4. Optima Telekom: 5%
5. Iskon Internet: 3%
6. Other smaller providers: 2%

Hrvatski Telekom d.d. is the leading telecommunications provider in Croatia with an estimated market share of 45%. The largest competitor is A1 Hrvatska, followed by Telemach Hrvatska. These three companies dominate the Croatian telecommunications market.

The moat of Hrvatski Telekom d.d. is significant, as the company has an extensive network and a strong brand presence. Additionally, it benefits from long-standing customer relationships and a comprehensive product range that includes mobile, landline, and internet services.

Compared to competitors, Hrvatski Telekom d.d. has the advantage of owning an established infrastructure as a former monopolist. This poses a significant barrier to entry for new providers. However, A1 Hrvatska and Telemach Hrvatska are heavily investing in expanding their networks and services, strengthening their own moats.

Overall, Hrvatski Telekom d.d. has a solid strategic advantage, but they must continuously invest in innovation and customer service to maintain their market leadership and withstand competitive pressure.

Revenue growth: 3.5% (2024) Profit growth: 4.2% (2024) Dividend yield: 3.8% (2024)

Hrvatski Telekom d.d. achieved a moderate revenue growth of 3.5% in 2024, indicating stable demand for telecommunications services in Croatia. The profit growth of 4.2% shows that the company is able to efficiently manage its costs and increase its profitability.

The dividend yield of 3.8% is attractive to investors seeking regular returns. This suggests that the company follows a solid dividend policy and provides its shareholders with consistent value.

In summary, Hrvatski Telekom d.d. could be a good investment for investors interested in stable returns and moderate growth. The solid financial performance and attractive dividend yield make the stock a potentially rewarding addition to a diversified portfolio.

Dividend Yield: 4.5% (2025, estimated)
Dividend History: Consistent payouts over the last five years

Hrvatski Telekom d.d. is known for its reliable dividend policy. In recent years, the company has consistently distributed dividends to its shareholders, indicating a stable financial position and solid earnings power.

The dividend yield of approximately 4.5% in 2025 reflects the attractiveness of the stock for income investors. The consistency of the payouts suggests that the company will continue to strive to provide its shareholders with regular returns in the future.