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Masmovil sales up 10% in Q2, confirms FY targets despite Covid effect

2020-07-28 09:35:00| Telecompaper Headlines

(Telecompaper) Spanish telecommunications provider Masmovil, the country's fourth largest network operator, continued to grow in the second quarter of 2020 in spite of strong Covid-19 impact, reporting revenues of EUR 453 million, up 10 percent year on year compared to a 16 percent growth in Q1. Service revenues came to EUR 416 million, up 18 percent, after the company managed to add 153,000 postpay and 108,000 fibre customers from April to June even after the portability process was temporarily suspended by the government. Adjusted EBITDA was up 28 percent year on year to EUR 143 million, with the company's EBITDA margin climbing to 27 percent in Q2 and 32 percent in H1, the latter up 5 percentage points.

Tags: sales effect targets confirms

Category:Telecommunications

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