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Wireless

3 Italia back in profit in 2015 on lower costs, more clients

Thursday 17 March 2016 | 12:16 CET | News
CK Hutchison's Italian mobile unit 3 Italia returned to profit in full-year 2015 thanks to lower depreciation costs and a reorganisation of the parent group's assets. Margins improved thanks to growth in 3's active client base and a higher proportion of postpaid customers. The company posted an 11 percent increase in EBITDA to EUR 276 million on a 5 percent jump in revenues to EUR 1.825 billion, with the EBITDA margin at 18 percent, up from 17 percent. EBIT swung to a profit of EUR 157 million from a loss of EUR 46 million in 2014 as depreciation and amortisation costs shrank by 60 percent to

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Categories: Mobile & Wireless
Companies: 3 Italia / Vimpelcom / Wind
Countries: Italy
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