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Athens Macedonian News Agency: News in English, 15-05-14

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] OTE reports improved Q1 results‏
  • [02] Vittorio and Paolo Taviani's interview to ANA-MPA

  • [01] OTE reports improved Q1 results‏

    Hellenic Telecommunications Organization (OTE) on Wednesday announced improved first quarter results, with revenues rising, free cash flows at 53 million euros and strong EBITDA margin of 34.7 pct. In an announcement, OTE said that cost control, strong operating profitability and cash flows allowed the company to continue investing dynamically in networks and services during the three-month period.

    OTE Group said its turnover eased 2.4 pct in the January-March, although excluding a recent reduction in end-call fees in Romania, group turnover would have been up in the quarter. Adjusted EBITDA was 326 million euros, down 2.2 pct from the same period last year, while EBITDA margin was 34.7 pct, up 0.1 percentage points from 2014.

    Adjusted net group profits totaled 53.9 million euros, down 6.3 pct from last year, while investments reached 228.2 million euros in the quarter. Free cash flows jumped to 53 million euros from negative flows of 12.5 million euros last year. Adjusted net borrowing was 1.1 billion euros at the end of March, down 28.3 pct from March 2014.

    Fixed telephony turnover grew for the second successive quarter. OTE attracted 27,000 new broadband services subscribers, or 46 pct of net new connections in the market to a total 1,394,000 customers VDSA attracted more than 107,000 subscribers at the end of the quarter, while OTE recorded 367,000 customers.

    In the mobile telephony business, Cosmote revenues were almost unchanged, while services revenue fell 4.9 pct. In Romania, fixed telephony revenues fell 5.1 pct while in the mobile telephony business turnover fell 12.7 pct. In Albania, AMC's revenues fell 16.4 pct.

    OTE expects to continue stabilizing its performance in Greece this year, based on a constant expansion of new services and a favorable comparison base.

    Mihalis Tsamaz, chairman and chief executive, commenting on the results said that cost control, strong operating profitability and cash flows allowed the company to invest dynamically in networks and services during the quater. "We expect this trends to continue for the rest of the year".

    [02] Vittorio and Paolo Taviani's interview to ANA-MPA

    ANA/MPA---Vittorio and Paolo Taviani (86 and 84 years respectively) return to Thessaloniki, 41 years after their first visit to attend the screening of "Allonsanfan", in order to become honorary lecturers at the Aristotle University of Thessaloniki and be awarded for their offer in arts, letters and culture.

    They refused once again that they make "political movies" ... unless ... "beyond the labels we accept that humans are political beings ... as political is the way we live, we work, we fall in love ... and since we make movies for people, well, then yes. We make ... political movies."

    "People now opt for the easy solutions," Vittorio Taviani replied to an ANA-MPA question about Italy and whether it constitutes a good ideological scenery for their new movie.

    On the occasion of their holidays in Sicily, they were asked about migration in the Mediterranean. "This is a bad question. The toughest one. Probably because it is a real one. The last 30 years we go to Sicily for holidays. The nature, the sea will never be the same again after the tragedies of the last year."

    The full interview is available for subscribers at ANA-MPA website.

    Athens News Agency: News in English Directory - Previous Article - Next Article
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