Netia sees sales fall 11% in first quarter

14 May 2015

Polish alternative telecoms group Netia has posted revenue of PLN388.7 million (USD107 million) for the three months to end-March 2015, down 11% year-on-year. The drop was attributed to a fall in the number of customers, particularly in the residential fixed line telephony segment, plus continued pricing pressure and lower volumes in the business sector. Adjusted EBITDA fell 12% to PLN113.3 million, while net profit plunged 89% to PLN1.3 million.

The number of broadband internet subscribers fell 7% y-o-y to 780,000 as the firm says it looks to concentrate on higher value users on its own network and the provision of bundled services rather than customers on third-party infrastructure such as those via bitstream access. Netia’s mobile virtual network operator (MVNO) business saw user numbers continue to slide, to just 47,300 voice and data customers subscribers at end-March, though the firm says that the recent signing of a new wholesale agreement with P4 will help improve the range of services it is able to provide.

Poland, Netia