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Adaugat in data de 26-02-2011 |
Cosmote Romania continues its positive track in 2010 – increase in EBITDA margin and revenues
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Cosmote Romania announces key performance indicators for 2010 financial year, ended December 31, 2010, as reported by OTE Group.
During 2010, COSMOTE Romania continued on is successful business course, having increased both its EBITDA margin and revenue market share, despite the challenging macroeconomic environment, sustained competition and market saturation. Moreover, COSMOTE remained the indisputable leader in portability, for the second year in a row, with 61,442 port-ins.
Total revenues in 2010 reached 468.8 million Euro, posting a 7.2% growth on a y-o-y basis, while service revenues increased by 2.5%. At the same time, EBITDA rose to 73.7 million Euro, a 12.7% increase vs 2009.
Total customer base (including Zapp) reached 6.9 million at the end of 2010, with the postpaid ratio increasing to 21.9%, as result of the business segment growth.
“Despite the challenges of the ongoing financial crisis, COSMOTE Romania increased both its revenues and EBITDA, increased the post paid and business customers base and remained leader in portability. These are great achievements for us, and give us confidence for the future. We will continue to focus on the corporate and broadband segments and also on all core directions of the company, such as: network enhancement, latest technologies, customer care and retail. At the same time, we will continue to expand the products and services portfolio to the benefit of the Romanian consumers”, said Konstantinos Apostolou, Chief Financial Officer COSMOTE Romania.
With a market share of 24%, COSMOTE Romania has managed to alter market realities in the country. Since its launch in 2005, COSMOTE had invested in Romania almost 1 billion Euros..
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