Netia sees 3Q14 revenues drop 10%

6 Nov 2014

Polish fixed telephony and broadband service provider Netia has published its financial results for its third fiscal quarter to 30 September 2014. Revenues for the three-month period fell 9.6% year-on-year to PLN413.4 million (USD122.3 million), with the decline attributed to an 8% drop in the number of customers (revenue generating units, or RGUs) and the impact of lower mobile termination rates (MTRs) since July 2013. Operating profit for the quarter stood at PLN3.1 million, down from PLN32.8 million a year earlier, while net income dropped from a profit of PLN14.1 million in 3Q13 to a PLN4.4 million loss in the period under review.

The firm claimed 2.36 million RGUs at 30 September 2014, down from 2.56 million twelve months before, with the customer losses stemming from Netia’s consumer division, which lost 64,300 RGUs in the third quarter alone, mainly in the fixed telephony sector. The business services arm of the company is reporting continued RGU growth, with 493,900 RGUs at end-September 2014 as opposed to 469,600 a year earlier.

Poland, Netia