OTE revenues flat, profits improve in Q2

Thursday 11 August 2016 | 09:55 CET | News
OTE reported flat revenues for the second quarter of EUR 955 million, as growth in the Greek fixed market was offset by weakness in mobile and Romania. Adjusted EBITDA fell 2.4 percent to EUR 311 million, and the margin dropped to 32.6 percent from 33.4 percent a year ago. The net result improved to a profit of EUR 33.6 million from a loss of EUR 3.6 million a year ago when the company booked costs for a voluntary retirement programme. Capital expenditure increased slightly to EUR 138 million, and adjusted free cash flow rose 18 percent to EUR 125 million.

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Categories: General
Companies: OTE
Countries: Greece
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