Telekom Romania says EBITDA reached 144 million Euro, up by five percent in 2019

Telekom Romania announces that its revenue and EBITDA in 2019 showed a year-on-year growth for the first time in four years.

In 2019 the consolidated revenues of Telekom Romania increased by 5%, to 980 million Euro. At the same time, adjusted EBITDA before IFRS16 increased by 5% to 144 million Euro.

Revenue growth was fueled mostly by the company’s core business. Fixed revenues increased by 11% to 479 million Euro in 2019, supported by growth in the ICT segment, exceeding 110%, as well as that of wholesale services with more than 20%. At the same time, broadband & TV services registered a slight growth in revenues of more than 2%. FMC revenues have grown  yoy with approximately 30%.

In mobile revenues, Telekom had 4 consecutive quarters of growth in 2019 reflected in the overall yearly growth, significantly driven by large ICT transactions in Q4.

As part of this transformation process, the number of full time employees went down by 21% yoy from 6,356 in 2018 to 5,029 in 2019, through automation, simplification and focus on customer-facing units.

“The 2019 results prove that our strategy of redefining our operational model to become a simplified and digital company and to liberate the internet is correct” said Miroslav Majoroš, CEO, Telekom Romania.