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General

OTE boosts capex as revenue growth accelerates in Q3

Thursday 10 November 2016 | 09:55 CET | News
Greek operator OTE reported its strongest revenue growth in a decade in Q3 and said it will boost capital expenditure to support the momentum. Group revenues rose 2.7 percent to EUR 998 million, led by growth of 3.5 percent in Greece. Adjusted EBITDA was up 2.0 percent year-on-year to EUR 357 million, while the margin fell slightly, to 35.8 percent from 36.0 a year ago. Net profit declined 28.6 percent to EUR 56 million. After a nearly 30 percent increase in capex to EUR 184 million, adjusted free cash flow was down 72 percent year-on-year to EUR 26 million. OTE said it will spend over EUR

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Categories: General
Companies: Cosmote / OTE
Countries: Greece
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