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Forthnet: Q3 EBITDA At 16.8 Mil. Euro

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Forthnet said Thursday that Q3 Group Revenue stood at 93.2m euro and Group EBITDA at 16.8m euro, withGroup EBITDA margin reaching 18% for Q309 vs 13% in Q308 (comparable).

Y-o-Y Quarterly Group Revenue growth was at 10.6% (comparable) and Q3 Group Operating Cash Flow shaped at€ 18.5mil. euro.

The company also noted that telecom services grew by 25.7% to €46.4 mil. euro and Telecom EBITDA margin increased to 15.4% for Q3’ 09 vs 2.4% in Q3’ 08

“ULL subs increased by 19k to 274k, while broadband subs increased by 31k,” the announcement said.

Forthnet also pointed to the fact that Pay-TV services contributed significantly in the Group’s performance and that  DTH Pay-TV customer base in Greece increased to a historical high 311k.
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