Spain's Gigas triples Q1 revenues to EUR 9.3 mln

Monday 24 May 2021 | 12:07 CET | News
Business-focused Spanish telecommunications company Gigas said it more than tripled its revenues and EBITDA in the first quarter of 2021 following a series of acquisitions. The company reported net revenues of EUR 9.3 million, up from EUR 2.7 million in Q1 2020, due to earlier-than-expected consolidation of ONI's earnings. Adjusted EBITDA was EUR 2.12 million, up 215 percent thanks to the consolidation of ONI, with gross debt rising to EUR 19.2 million on 31 March, compared to EUR 5.2 million a year earlier.

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Categories: General
Companies: Gigas / Oni
Countries: Spain
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