NewsRecord growth: Telecommunications company MTEL's milestones in revenue and profit for 2023

Record growth: Telecommunications company MTEL’s milestones in revenue and profit for 2023

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In 2023, MTEL experienced unprecedented growth in both revenue and profit. The company’s revenue surged to €111.5 million, marking a remarkable 36% increase from the previous year’s €81.62 million.

MTEL, maintaining its dominance in the telecommunications market, reported sales revenue of €79.1 million for the year. The company’s net profit soared to €28.47 million in 2023, a nearly six-fold rise compared to the €5.75 million recorded in 2022.

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Meanwhile, company expenses saw a 10% increase, reaching €80.2 million for the year, compared to €72.8 million in 2022. The EBITDA for 2023 amounted to €61.18 million.

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