Net profit jumps 40% at OTE Group

12 Nov 2018

Greece’s OTE Group has reported revenues of EUR991.5 million (USD1.12 billion) for the third quarter ended 30 September 2018, unchanged from a year earlier. Adjusted EBITDA rose 4.7% to EUR365.2 million, while adjusted net profit jumped 40.5% to EUR107.5 million. The firm attributed the positive results to double-digit growth in fixed broadband, strong mobile data and visitor revenues, and ‘disciplined cost control supported by digitalisation and voluntary leave schemes’. The group has fixed and mobile operations in Greece, Romania and Albania.

Greece, OTE Group