We are here and we will continue to invest on the market, Achilleas Kanaris, the Greek executive who took over the company’s reins in the summer of 2021, stated in an interview with ZF.
After more than two years, performance is positive, he says.
Evolutions are good especially on the mobile telephony segments and “stabilizing” on the fixed services one.
British group Vodafone, owner of the company, does not publish data on the total revenues and operating profit in Romania, but just data on the number of clients and communication services sales revenues. In line with the latest data available, for the April-June 2023 interval, services income hit EUR189 million, 2% higher than in the previous year, the second consecutive quarter of growth.
The company is set to publish data for the quarter ended in September on November 14. In 2022, Romania’s telecom market shrank to RON16.9 billion, from RON17.1 billion in the previous year. The mobile telephony market dropped by almost 1%, to RON8.2 billion.
In line with data from Romania’s finance ministry, the group’s main local company, Vodafone Romania SA, reached turnover worth RON4.7 billion in 2022, up 2.3% from 2021.
Asked about how the Romanian market is perceived at the level of Vodafone group, in the context where the group exited Hungary and has recently announced an agreement to also sell the operations in Spain, Achilleas Kanaris said the situation is different and that London is upbeat about the growth potential of the local market.
(English version by Catalina Apostoiu)