The company’s revenues totaled EUR66.7 million, 3.8% lower than in 2022.
The company switched from EUR4.8 million operating profit in Q2/2023 to a EUR0.1 million operating loss.
The overall client numbers dropped by 11.4% to 3.6 million, from 4 million in 2022.
OTE investments in the Romania subsidiary stood at EUR10.6 million in the second quarter, up from the EUR8.8 million operated in the same quarter of 2022.
OTE provides few details about the Romania situation, mainly blaming the challenging competitive dynamics of the market and the new taxes imposed by the government for its declining results.
(English version by Catalina Apostoiu)