OTE reports 1.3% dip in sales in 2020

26 Feb 2021

Greek telco OTE has reported a 1.3% annual decline in revenues for full-year 2020 to EUR3.26 billion (USD3.95 billion), with adjusted EBITDA dropping 0.5% to EUR1.22 billion. The group said that solid performance of broadband and ICT products contributed to the resilience of the top line despite the impact of the COVID-19 pandemic. Profit for the year dropped from EUR336.3 million in 2019 to EUR263.4 million last year. Mobile customers in Greece fell by 5.9% year-on-year to 6.96 million at end-2020, while in Romania there was a 9.8% drop to 3.64 million.

Greece, Romania, OTE Group