3 Group grows H1 EBITDA 38%, sales up 8%

News Wireless Europe 1 AUG 2013
3 Group grows H1 EBITDA 38%, sales up 8%
3 Group reported improved results over the first half of 2013, including its first positive operating cash flow (EBITDA minus capex). Revenues were up 8 percent from a year earlier to HKD 30.10 billion, helped by the takeover of Orange Austria, and EBITDA grew 38 percent to HKD 5.66 billion. EBIT rose 35 percent to HKD 1.85 billion. 

3 finished June with a total 25.6 million customers (21.0 million active), an increase of 9 percent over the six months. Postpaid net additions more than doubled from a year earlier to 1.969 million in the first half, giving a total postpaid base of 15.1 million at the end of June. ARPU was down 6 percent from the previous six months to EUR 22.40, of which 47 percent came from non-voice services. 

Parent company Hutchison Whampoa said the group will continue to focus on increasing market share and operating efficiency, as well as moving away from subsidised handsets. 

Categories:

Mobile

Companies:

Orange Austria,  3 Group,  Hutchison Whampoa

Regions:

Europe

Tags:

Voice services, Data services, M&A buyouts & divestments

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