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Athens Macedonian News Agency: News in English, 14-11-06
CONTENTS
[01] OTE reports improved results
[01] OTE reports improved results
ANA/MPA---Hellenic Telecommunications Organization (OTE) on Thursday
said its adjusted net profits totaled 94 million euros in the third
quarter of 2014, its adjusted EBTIDA margin rose by 120 basis points
and its adjusted cash flow totaled 126 million euros.
In an announcement, OTE said consolidated revenue fell 5.0 pct hit by a
reduction in end-call charges. Group EBITDA totaled 371.1 million euros
in the third quarter of the year, down 2.1 pct, while net profits jumped
to 94.2 million euros from 75.8 million euros in the third quarter of
2013 and adjusted free cash flow grew 20.3 pct to 126.4 million euros.
Third quarter investments totaled 149.8 million euros, while adjusted
net borrowing fell 14.3 pct to 1.4 billion euros.
Michael Tsamaz, OTE's chairman and chief executive, commenting on
the results said: "Our performance in Greece continue stabilizing, as
reflected in our revenue. In fixed telephony, broadband and TV services
show strong results, while revenue from mobile telephony show resistance,
counterbalancing for lower revenue in our international activities
in mobile telephony. In an environment that remains adverse, we are
optimistic of achieving the goal we have set for a free cash flow of 50
million euros this year and for strong profitability both this year and
in 2015".
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