OTE improves cash flow as Greek market stabilises

Wednesday 13 May 2015 | 10:21 CET | News
Greek operator OTE reported a strong increase in cash flow in the first quarter, amid a continued recovery in results in its home market. Revenues were still down 2.4 percent year-on-year to EUR 940.8 million, and adjusted EBITDA fell 2.2 percent to EUR 326.0 million, due mainly to regulatory price cuts in Romania and Albania. Net profit declined 27.6 percent to EUR 40.4 million. OTE generated positive free cash flow of EUR 53 million, versus a negative EUR 12.5 million a year earlier, despite a 32 percent increase in capex to EUR 159.8 million. The company's net debt was down 28 percent

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Cosmote / OTE
Countries: Greece
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


OTE revenues fall 1.7% in Q3, maintains cash flow target

Published 05 Nov 2015 10:22 CET | Greece
Greek operator OTE reported lower sales and EBITDA for the third quarter, but maintained its cash flow targets despite the weak ...

OTE moves to net loss in Q2 on restructuring costs

Published 06 Aug 2015 10:22 CET | Greece
Greek operator OTE reported a continued improvement in results in its home market in Q2, while poor results at its international ...

Telekom Romania revenues down in Q1

Published 13 May 2015 13:43 CET | Romania
Telekom Romania saw its revenues decrease year-on-year in Q1. The wireline division Telekom Romania Communications' revenues ...

AMC revenues fall 16.4% in Q1

Published 13 May 2015 13:08 CET | Albania
Albanian mobile operator AMC reported first-quarter revenues down 16.4 percent year-on-year to EUR 16.3 million. While data ...

Deutsche Telekom maintains outlook after solid Q1

Published 13 May 2015 08:34 CET | Europe
Deutsche Telekom reported first-quarter net revenue up 13.1 percent year-on-year to EUR 16.8 billion, while adjusted EBITDA ...

OTE repurchases EUR 70.55 million of debt

Published 07 Apr 2015 14:12 CET | Greece
Greek operator OTE announced that it has repurchased EUR 70.55 million of its 4.625 percent notes due May 2016. The repurchased ...

OTE to resume dividends after strong finish to 2014

Published 26 Feb 2015 10:34 CET | Greece
Greek operator OTE slowed the drop in revenues to 2.8 percent in the final quarter of 2014, for total sales of EUR 1.02 billion. ...

OTE extends CEO mandate

Published 24 Dec 2014 10:17 CET | Greece
Shareholders of Greek operator OTE have approved the extension of CEO Michael Tsamaz's mandate for another 3.5 years, until the ...

Calendar   /   Industry Events

30 Nov Zoom Video Communications Q3 2020
30 Nov NexTV Series MENA
01 Dec Hewlett Packard Enterprise fiscal Q4
01 Dec 5G Italy
01 Dec NGON & DCI World
02 Dec FTTH Conference
02 Dec Microsoft AGM
02 Dec Telia EGM
03 Dec Marvell Technology fiscal Q3
03 Dec GCX fiscal Q2
03 Dec Liberty Latin America AGM
::: More Calendar Items