
P4 grows Q4 revenue 3.9 percent, sees slower growth in 2019

Polish operator P4, operating under the brand Play, reported revenue in Q4 up 3.9 percent year-on-year to PLN 1.81 billion, driven equally by service revenue and hardware sales. Adjusted EBITDA dropped by 6 percent year-on-year to PLN 535 million, impacted by national roaming and network development related costs, new product expenses, impairment of receivables and contract assets. The EBITDA margin fell to 29.6 percent, down by 2.9 percentage points since Q3.
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