COSMOTE Romania announces key performance indicators for the third quarter of 2010 fiscal year, ended September 30, 2010, as reported today by OTE Group.
In Q3 2010, COSMOTE sustained a steady, positive financial performance, with enhanced EBITDA and revenues, despite Romania’s pressing economic environment, aggressive competition and market maturity.
COSMOTE’s total customer base in Romania reached 6.7 million (excluding Zapp) at the end of September 2010, of which 20.1% was postpaid. The constant increase in the postpaid customer base, especially in the business segment, generated significant revenue growth. The number of prepaid customers also rose despite fierce competition in this segment. In the quarter, service revenues were up by 3.4%, with outgoing service revenues alone posting an increase of approximately 2.0%.
Total revenues in the third quarter of 2010 reached 117.5 million Euro, posting a 8.5% increase on a yearly basis, while EBITDA rose to 23.3 million Euro, an increase of 24.6% versus Q2 2010, showing significant operating improvements following the successful integration of Zapp.
Blended ARPU for Q3 2010, increased by 6% to 4.56 Euro, versus 4.29 Euro in Q2 2010, mainly due to the introduction of competitive and relevant propositions in the market.
"We are pleased with our positive performance during the third quarter, despite the challenging economic environment, decreasing consumption and intense competition. We have continuously shaped the costs structure in order to improve our efficiency and adapt to the difficult environment, without affecting the quality of our services. We’ve kept enriching our product and services portfolio, and we’ve gained significant market share in the corporate segment, consolidating our position in the market", said COSMOTE Romania CFO, Mr. Konstantinos Apostolou (photo).
With a market share of over 24% and constantly gaining ground in the market, COSMOTE Romania focuses on further consolidating its position in the broadband and corporate segments, continuously upgrading its network and expanding its products and services portfolio to the benefit of Romanian customers.
SUMMARY FINANCIAL RESULTS FOR COSMOTE & GERMANOS ROMANIA
|
(In EUR million)
|
Q3’09
|
% Change
|
9Μ’10
|
9Μ’09
|
% Change
|
|
|
Revenues
|
117.5
|
108.3
|
+8.5%
|
347.2
|
317.8
|
+9.3%
|
|
EBITDA
|
23.3
|
20.8
|
+12.0%
|
48.6
|
57.1
|
-14.9%
|
|
EBITDA margin
|
19.9%
|
19.2%
|
+0.7pp
|
14.0%
|
18.0%
|
-4.0pp
|
SUMMARY FINANCIAL RESULTS FOR COSMOTE GROUP
|
(In EUR million)
|
Q3’10
|
Q3’09
|
% Change
|
9Μ’10
|
9Μ’09
|
% Change
|
|
Revenues
|
723.3
|
791.1
|
-8.6%
|
2,120.4
|
2,261.5
|
-6.2%
|
|
EBITDA
|
266.9
|
313.6
|
-14.9%
|
737.0
|
824.8
|
-10.6%
|
|
EBITDA margin
|
36.9%
|
39.6%
|
-2.7pp
|
34.8%
|
36.5%
|
-1.7pp
|
In Q3 2010, the mobile operations of the OTE Group provided telecommunications services to approximately 21.3 million customers.
