Forthnet revenues fall 7% in 2015

Friday 1 April 2016 | 10:22 CET | News
Greek operator Forthnet reported a drop in sales, EBITDA and customer numbers in 2015, as the company said it took a conservative commercial approach in line of the weak economic climate. Revenues fell 7.0 percent to EUR 352.0 million, also hurt by the cut in fixed termination rates, and adjusted EBITDA was down 15.8 percent to EUR 50.5 million. At year-end, its bank debt totaled EUR 325 million, and Forthnet said it had accepted in principle a new agreement on refinancing with the banks. Total subscriptions declined 3.7 percent to 1.135 million, and the number of customers dropped 3.2

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Categories: Fixed
Companies: Forthnet / Nova
Countries: Greece
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