Romtelcom’s revenues fell to EUR148.7 million in April-June, from EUR156.3 million in the same period in 2012, while its EBITDA declined to EUR33.5 million in the second quarter, from EUR40.4 million in the year-earlier period, Greek parent group OTE said in a report Thursday.
The company’s EBIT (earnings before interest and taxes) fell 39%, from EUR11.5 million to EUR7 million.
The number of Romtelecom customers on the voice services segment decreased by 4.9% on the year at the end of June 2013, from 2.404 million to 2.285 million, but the decline was offset by increases on the broadband Internet and television segments.
The number of Romtelecom broadband customers rose 4.8%, from 1.169 million to 1.225 million, and the customer base on the TV (DTH, IPTV and cable) segment advanced by 7.3%, from 1.207 million to 1.295 million.
The company’s revenues from television services increased by 10.5%, while revenues from broadband Internet services rose 5%. Voice services saw a 16.7% decline and wholesale services fell 5.5%.
Romtelecom’s operating costs decreased by 3% in the second quarter, while staff costs fell 1%, according to OTE.
Romtelecom’s revenues dropped by 7% on the year to EUR294.2 million in the first half of 2013, from EUR316.5 million in the year-earlier period. Its EBITDA fell 11.4% in the first half to EUR71.6 million from EUR80.8 million, and its operating profit (EBIT) fell 20.6% to EUR20.1 million from EUR25.3 million.
Romtelecom had 7,233 employees at the end of June 2013, compared to 7.438 employees at the end of June 2012, which translates into a decrease of 2.8%.
OTE group reported revenues of EUR1.96 billion in the first six months of 2013, down 10% on the year.
OTE owns in Romania Romtelecom, Cosmote Romania and store chain Germanos.