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Wireless Federation » Colt reports Q4 revenues down 5.5%, profits improve

Colt reports Q4 revenues down 5.5%, profits improve

  • February 21st, 2008
  • 2:17 pm

European carrier Colt Telecom reported fourth-quarter sales of EUR 424.6 million, down 5.5 percent from a year earlier due to cuts in fixed-mobile rates and lower voice revenues. Data revenues rose 10 percent to EUR 220.9 million, while voice revenues fell 18 percent to EUR 203.7 million. EBITDA edged 1.3 percent higher to EUR 71.8 million, and pretax profit grew to EUR 13.5 million from EUR 8.9 million a year earlier. Under its new organisational structure, Colt reported sales from large enterprises up at EUR 174.4 million, while sales from SMEs and wholesale fell versus a year earlier, to EUR 119.3 million and EUR 130.9 million respectively. Wholesale generated the most operating profit, at EUR 10.5 million, while the SME business was loss-making at EUR 1.2 million. After its first full year of profitability in 2007, Colt said it expects “another year of progress” in 2008.

   


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