OTE reports 4.7% rise in Q1 sales

13 May 2022

OTE Group of Greece has recorded a 4.7% annual increase in sales for the first three months of the year to EUR825.3 million (USD861 million). Adjusted EBITDA after lease rose 8.0% to EUR325.3 million, while adjusted net profit jumped 27.7% to EUR129.5 million. Chairman and CEO Michael Tsamaz said: ‘In an increasingly unstable environment, notably in Europe, we delivered another quarter of steady growth, a solid platform from which to move further ahead throughout the year.’

Greece, OTE Group