Arcor profits from DSL boom

4 Jun 2007

German wireline and broadband provider Arcor has reported results for its fourth fiscal quarter and financial year 2006/07, both ended 31 March 2007. During the quarter, DSL subscriptions rose by 245,000 to reach 2.1 million. For fiscal year 2006/07 Arcor reported year-on-year revenue growth of 10% to EUR2.13 billion (USD2.84 billion) and year-on-year EBITDA growth of 17% to EUR394 million. Net profit rose by 81% to EUR98 million, allowing Arcor to partially offset the decline in business of its sister group Vodafone Germany, which reported a year-on-year fall in net profit of 9.5%, or EUR209 million. Like its rivals, the cellco, which offers services under the D2 brand, has to meet extensive regulatory requirements and is operating in a fiercely competitive environment.

Germany, Vodafone Germany, Vodafone Germany (old)