Cosmote posts better than expected 9M results

10 Nov 2006

OTE’s wireless arm Cosmote has reported a 7.3% increase in net profit for the first nine months of 2006, to EUR273.9 million (USD350 million), beating analysts’ consensus expectations of EUR258.8 million. Revenues climbed 26.2% year-on-year to EUR1.63 billion while EBITDA rose by 12.9% to EUR643.1 million. Of the total turnover, EUR1.22 billion was generated by its Greek operation, up 7% on the same period of 2005. In terms of subscribers, Cosmote Greece claimed over five million subscribers at the end of September, up 11% year-on-year. Outside of its domestic market Cosmote operates in four countries: Albania (via AMC), Bulgaria (Globul), Macedonia (Cosmofon) and Romania (Cosmote). In Bulgaria Cosmote reported strong subscriber additions including a recond number of post-paid additions, while in Macedonia, Cosmofon achieved a positive net income result for the first time.

Greece, Cosmote (old)