eir records 5% drop in revenues in last quarter of 2020

26 Feb 2021

Ireland’s eir has reported a 5% year-on-year decline in revenue for the three-month period ended 31 December 2020, as the company said it continued to ‘manage declines in traditional access and voice revenues, together with COVID-19 related declines such as in sport content and roaming revenue, while also supporting increased voice and data traffic’.

For the quarter under review, eir reported a total turnover of EUR297 million (USD362 million), of which EUR216 million was generated by fixed line services, down from EUR230 million, and EUR91 million was from mobile services (EUR92 million). EBITDA was stable y-o-y, however, standing at EUR147 million in the second quarter of the operator’s current fiscal year (which ends 30 June 2021), unchanged from the corresponding period a year earlier. Such stability was attributed to the ‘continued streamlining of the cost base’, which the company said had resulted in a 5% reduction in operating costs and a 16% reduction in cost of sales.

In terms of operational indicators, eir confirmed that its fibre-to-the-home (FTTH) network passed 749,000 at the end of 2020, up 65% y-o-y, of which 314,000 have been passed as part of the company’s EUR500 million ‘Ireland’s Fibre Network’ programme. Meanwhile, 2.1 million premises across the country were passed by fibre, including fibre-to-the-cabinet (FTTC) as of 31 December 2020, up from 1.9 million a year earlier. In terms of uptake, eir reported a ‘group fibre base’ of 798,000 as of end-2020, up from 730,000 a year earlier. Total broadband accesses, meanwhile, numbered 969,000, broken down as 453,000 retail (Dec-19: 450,000) and 516,000 wholesale (Dec-19: 497,000).

In the mobile sector, eir said that its 5G network rollout ‘continues at pace’, with the next generation of mobile broadband technology now available in 239 towns and cities, via more than 800 cell sites, boosting 5G population coverage to over 55%. Mobile subscriber numbers reached 1.19 million as of 31 December 2020, up from 1.14 million twelve months previously, with a 112,000 increase in post-paid subscribers said to have been driven by the company’s ‘GoMo’ brand.

Ireland, eir, eir Mobile, GoMo (Ireland)