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Wireless

3 Group underlying revenue up 10%, EBITDA up 27% in 2015

Thursday 17 March 2016 | 10:14 CET | News
CK Hutchison reported EBITDA at 3 Group Europe up 12 percent in 2015 to HKD 17.4 billion, as improving margins in the UK and synergies from takeovers in Ireland and Austria helped offset a drop in revenues. Revenue was down 4 percent to HKD 62.8 billion, hurt by negative currency effects; excluding forex, revenue rose 10 percent and EBITDA was up 27 percent. EBIT rose 69 percent, or 97 percent in local currency, to HKD 11.7 billion, helped by lower depreciation after an asset restructuring at the company. 3 ended 2015 with 26.1 million active customers, an increase of just over 1 million, and

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Categories: Mobile & Wireless
Companies: 3 Group
Countries: Europe
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