Jazztel sees revenue growth in 1Q13 as broadband and mobile subs increase

30 Apr 2013

Alternative Spanish telco Jazztel has published its financial results for the three months ended 31 March 2013, with the operator reporting a 12% year-on-year increase in revenues. In the quarter under review Jazztel generated turnover of EUR241.7 million (USD319.2 million), up from EUR216.5 million in the same period of 2012. The telco noted that revenue growth had been driven by its retail division, which saw turnover increase by 13% y-o-y to EUR196.1 million. Wholesale revenues, meanwhile, were up 5% against 1Q12 at EUR45.0 million. EBITDA in the first three months of 2013 stood at EUR41.1 million, representing an increase of five percentage points against the corresponding quarter in 2012, while net profit for 1Q13 totalled EUR12.1 million, up from EUR11.8 million a year earlier. CAPEX in the quarter amounted to EUR40.8 million, significantly higher than the EUR24.5 million spent in 1Q12, though Jazztel noted that this was the result of beginning its investment in the deployment of its fibre-to-the-home (FTTH) network.

At end-March 2013 Jazztel’s broadband subscriber base stood at 1.356 million, up 12% compared to the 1.207 million accesses it had a year earlier, and in line with the company’s full-year target. Mobile voice subscribers, meanwhile, surged to 553,308, up 240% against the 162,917 reported at end-March 2012. This growth, the operator said, could be attributed to the success of its convergent offers.

Spain, Jazztel