Sales down 1.2% at OTE Group in first quarter

12 May 2021

Greek telco OTE Group has reported a 1.2% drop in first-quarter revenues to EUR788 million (USD957 million), while adjusted EBITDA after lease was up 1.6% year-on-year at EUR301 million. Adjusted profit attributable to the owners climbed 4.6% to EUR101 million. The group reported a positive performance in Greece, with sales up 1.4% over 1Q20 pre-pandemic levels and record quarterly additions of fibre customers, which jumped 27.6% in twelve months to stand at 1.0 million at the end of March 2021. Mobile subscriptions in both Greece and Romania registered declines, of 6.2% and 8.0%, respectively.

Greece, Romania, OTE Group