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General

OTE grows Q4 revenues 2%, net profit down on charges

Thursday 25 February 2016 | 10:38 CET | News
Greek operator OTE reported a strong finish to 2015, with revenues up 2.0 percent to EUR 1.04 billion in the fourth quarter thanks to growth in the Greek fixed market as well as at its operations in Romania and Albania. Adjusted EBITDA still fell 6.0 percent to EUR 348.5 million, and net profit was down 49.7 percent to EUR 36.8 million due to restructuring charges. OTE met its target for half a billion euros in free cash flow over the full year, with the figure down 13 percent to EUR 507 million. Capital expenditure rose 2.3 percent to EUR 569.7 million in 2015 and is expected again at around

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Categories: General
Companies: Cosmote / OTE
Countries: Greece
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