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General

A3 suffers drop in Q2 EBITDA as Covid-19 hits IT sales but broadband RGUs rise

Thursday 20 August 2020 | 12:30 CET | News
Swedish operator A3 has announced a rise in broadband RGUs in the second quarter of 2020 but said Covid-19 affected corporate IT sales, leading to a fall in EBITDA. Operating revenue declined to SEK 190.2 million from SEK 198.4 million in Q2 2019 and it suffered an operating loss of SEK 3.40 million after positive EBIT of SEK 800,000 a year earlier. EBITDA was positive at SEK 14.4 million but down from SEK 17.5 million a year earlier, yielding a margin of 7.6 percent (8.8%), as the pandemic dented IT segment sales.

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Categories: General
Companies: A3 / Universal Telecom
Countries: Sweden
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