Alternative Spanish operator Jazz Telecom (Jazztel) recorded a 15% increase in turnover in the year ended 31 December 2013, it has announced, as both broadband and mobile customer numbers continued to climb.
In the twelve month period Jazztel generated total turnover of EUR1.044 billion (USD1.39 billion), up from the EUR908 million it recorded in FY2012. Retail fixed line services continued to account for the bulk of revenues, standing at EUR693.8 million in FY13, up from EUR680.8 million. However, mobile turnover has surged, more than tripling from EUR45.6 million in 2012 to EUR162.5 million in the following fiscal year. Earnings before interest, tax, depreciation and amortisation (EBITDA) in FY13 stood at EUR184.0 million, up from EUR172.7 million, while net profit for the financial year totalled EUR67.6 million, representing a 9% year-on-year increase. CAPEX in 2013, meanwhile, was EUR294.3 million, up significantly from EUR108.8 million in the previous year, but below the operator’s guidance as a result of to 20% cost savings related to its fibre-to-the-home (FTTH) network deployment.
As at end-December 2013 Jazztel had a broadband subscriber base of 1.449 million, up from 1.339 million a year earlier. Having launched commercial FTTH services at the end of October 2013, the telco noted that by the end of the year 6,468 customers had signed up to the service. More impressive though was the increase in the company’s wireless voice accesses. Offering services as a mobile virtual network operator (MVNO), at the end of 2013 Jazztel had 1.165 million mobile customers on its books, far higher than the company’s own expectation of between 750,000 and 850,000 subscribers at that date , and up from just 343,240 a year earlier.