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Forthnet revenues decrease 9% to EUR 297.5 mln in 2017

Thursday 26 April 2018 | 08:46 CET | News
Forthnet reported 2017 total revenues down 8.5 percent to EUR 297.5 million due to the decline in consumer spending and a conservative approach to commercial policy. Revenue from advertising improved by 13.9 percent as a result of the continuously upgraded content of Nova's TV programme. Revenue from Corporate customers increased by 4.5 percent. Increased taxation (10 percent and 5 percent on revenue for Pay TV and fixed telecom respectively) and Super League's underperformance decreased demand. EBITDA decreased by 26.7 percent to EUR 40.2 million mainly driven from the ARPU decrease and the

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Categories: Broadcast & Satellite / Fixed
Companies: Forthnet / Nova / Vodafone
Countries: Greece
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