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General

Euskaltel FY revenues up 9% to EUR 622 mln, net profit down 20%

Wednesday 28 February 2018 | 16:41 CET | News
Spanish regional operator Euskaltel reported full-year revenues of EUR 622 million in 2017, up 8.6 percent year on year, driven by the strong performance of newly-acquired operator Telecable. The group's adjusted EBITDA climbed 9.4 percent year on year to EUR 306.9 million, while its revenue margin grew to record 49.3 percent, up 3.5 percentage points, thanks to the success of its bundling strategy that saw Euskaltel's customers sign up to an average of 3.5 products per user. However, non-recurring consolidation costs arising from the Telecable acquisition pushed net profit down 20.2 percent

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Categories: General
Companies: Euskaltel / R / Telecable
Countries: Spain
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