Romanian operator Euroweb's EBITDA grew by 15 percent year-on-year in H1, according to local paper Wall-Street.ro citing CEO Nazmi Caglar Boluk (photo). He was speaking during an interview given to the publication, according Telecompaper. The company is focusing on EBITDA and less on turnover. For 2015, operational profit is expected to increase by 10 percent and the turnover to increase by approximately 2 percent, Boluk said. The company recently failed to reach an agreement for the acquisition of a local company from the data centre segment as the expected acquisition price was higher than Euroweb's proposal. Euroweb's annual budget is of 10 percent of its turnover, Boluk added. He said that while 1 percent of its turnover currently goes into developing services from the data centre, cloud and IT security, the company aims to increase this share to 10-12 percent of its turnover in the next five years, Boluk explained. Euroweb has around 1,000 business-to-business customers, of which 200 are large companies and the rest are middle and small companies.
At present, the company operates on the business-to-business market and wants to grow on the wholesale market. Boluk said the local market is catastrophic as far as prices are concerned. Romania is described as one the two most toughest market in Europe by the company's CEO from this point of view. The prices are affecting niche players like Euroweb, which will lead to companies consolidating their operations, he added. The company has 80 employees and intends to recruit more specialists in connectivity and internet wholesale services.
