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General

Vodafone Italia service revenues down 17.1% to GBP 3.86 bln

Tuesday 20 May 2014 | 09:59 CET | News
Vodafone Italia reported a 17.1 percent decline in service revenues to GBP 3.86 billion for the year to March, due above all to the effects of the summer price war and the lingering impact of MTR cuts in the first half of 2013. This latest decline in revenues follows similar drops of 17.0, 15.7 and 16.6 percent in the fiscal quarters to June, September and December. The operator's EBITDA for the quarter decreased by 24.9 percent, while EBITDA margin was down by 4.8 percent, mainly as a result of lower revenues but partially offset by improvements in operating costs, which fell 7.1 percent.

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Categories: General
Companies: Vodafone Italia
Countries: Italy
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