Germanos revenues up 25% in H1

Greece-based telecoms retailer Germanos reported first-half sales up 25.4 percent from a year ago to EUR 538.8 million. Retail sales improved 12.9 percent to EUR 284.2 million, while product distribution sales rose 42 percent to EUR 214.9 million. Operations outside Greece accounted for 30 percent of sales, up from 25.8 percent a year ago, with especially stores in Romania and Bulgaria growing strongly. EBITDA amounted to EUR 43.5 million, up 5.2 percent, while net profit jumped to EUR 143 million from EUR 27.7 million a year earlier on the back of divestment gains. Germanos is in the process of selling its retail activities to Greek mobile operator Cosmote.

Source- http://www.telecompaper.com

Technorati : EBITDA, Germanos, Greece, Mobile
Ice Rocket : EBITDA, Germanos, Greece, Mobile