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OTE revenues fall 1% in Q1, EBITDA slightly higher

Wednesday 12 May 2021 | 10:40 CET | News
Greek operator OTE reported first-quarter revenues down 1.2 percent year-on-year to EUR 788 million, while adjusted EBITDA grew 1.6 percent to EUR 301 million. The company blamed the lower sales on its Romanian business, which posted 20 percent lower revenues due to a high level of ICT contracts a year ago. In Greece alone, revenues rose 1.4 percent to EUR 717 million, supported by a recovery in handset sales, and EBITDA improved 3.5 percent to EUR 298 million. 

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Categories: General
Companies: Cosmote / OTE
Countries: Greece
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Related Info

Deutsche Telekom raises FY guidance after Q1 EBITDA grows 41%
08:18 | Europe | News
Cosmote to shut down 3G network from September
15 Apr | Greece | News
OTE to purchase up to 30 mln own shares
4 Mar | Greece | News
OTE, Sopra Steria consortium wins contracts from EU-Lisa, Frontex
4 Mar | Europe | News
OTE grows Greek revenues 3% in Q4 on broadband demand
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OTE to let go 600 employees through voluntary departure scheme
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