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General

Euskaltel profit down 10% to EUR 13 mln in Q1

Friday 28 April 2017 | 14:40 CET | News
Spanish regional operator Euskaltel reported first quarter revenues of EUR 139.5 million, down 1.6 percent year on year, due to above all to a decline in its large enterprise business. As a result, net profit fell 9.6 percent to EUR 13.2 million while the group's adjusted EBTIDA fell 1.5 percent to EUR 68 million for the quarter, again impacted by the large enterprise segment, which lost a major contract with the Basque regional government. However, the company's operating cash flow increased 5.2 percent to EUR 44.8 million.

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