Nos FY14 revenues drop 3% to EUR1.38bn; net income increases 17.8%

26 Feb 2015

Nos, the Portuguese telecoms operator formed via the merger of domestic operators Zon Multimedia and Optimus in 2013, has reported operating revenues of EUR1.384 billion (USD1.571 billion) for the twelve-month period ended 31 December 2014, down 3.0% from EUR1.427 billion year-on-year. EBITDA for 2014 dropped 4.9% from EUR536.6 million to EUR510.5 million y-o-y, while net income increased 17.8%, from EUR63.4 million to EUR74.7 million.

In operational terms, Nos reported a total mobile subscriber base of 3.643 million at end-2014, of which 2.091 million were pre-paid customers. The number of broadband users stood at 993,00 at the same date, while fixed voice subscriptions were reported at 1.478 million. Pay-TV customers numbered 1.477 million at year-end, of which 1.167 million were ‘fixed access’ (IPTV) accounts.

Portugal, Nos