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General

Euskaltel profit up 28% in 2020, hits 823,000 customers

Friday 26 February 2021 | 11:05 CET | News
Spanish operator Euskaltel reported record revenues of EUR 697.1 million in 2020, up 1.7 percent year on year, with net profit soaring 28 percent to EUR 79.4 million thanks on the back of a 7 percent rise in customers across its Euskaltel, R, Telecable and Virgin Telco brands. The company said it met its 2020 EBITDA target of EUR 343 million in spite of Covid-19 impact, and also reduced its net debt by EUR 31 million, or 2 percent of the total, to 4.20 times EBITDA.

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