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General

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

Thursday 5 November 2015 | 10:22 CET | News
Greek operator OTE reported lower sales and EBITDA for the third quarter, but maintained its cash flow targets despite the weak economic outlook. Revenue fell 1.7 percent to EUR 971.3 million, as a recovery in the Greek fixed market could not offset a continued fall in mobile and weak results in Romania. Adjusted EBITDA declined 5.7 percent to EUR 350.1 million, and the margin dropped 1.6 percent points compared to a year earlier to 36.1 percent. Net profit was still 13.3 percent higher at EUR 78.3 million. Adjusted free cash flow fell 27 percent to EUR 93 million, hurt by the bank closures

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Categories: General
Companies: Cosmote / OTE
Countries: Greece
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