Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.
COLT Telecom Group announces results for the quarter ended March 31, 2008
May 5, 2008
1 Min Read
LUXEMBOURG -- Compared to Q1 2007
Revenue decreased by 3.5% to €410.9m
Data revenue grew by 10.2% to €220.7m and accounted for 53.7% of total revenue
Gross margin before depreciation increased by 1.8 percentage points to 38.9%
EBITDA(1) increased by €4.3m or 6.3% to €72.1m
Profit before tax increased by €0.5m from €8.1m to €8.6m
Free cash flow(2) declined from an outflow of €8.2m to an outflow of €16.5m
Capital expenditure increased from €62.6m to €67.5m
The Group’s financial position continues to be strong, with cash and cash equivalents of €213.0m and net debt of €49.2m at the end of the quarter.
Commenting on the results, Rakesh Bhasin, Chief Executive Officer, said:
"I am pleased to report an encouraging start to the year. Our business has continued to progress with improved financial results, continued momentum in Data revenue and further progress in our many operational programmes.
"We expect 2008 to be another year of progress for our business."
Colt Technology Services Group Ltd
You May Also Like
Latest News
Popular whitepapers in 5G
May 21 - May 23, 2024
May 21 - May 23, 2024
Join us for an immersive experience where the future of North American telecom industry unfolds in 2024.
LEARN MORE
