Digi Communications posts revenues above one billion Euro in 2018, net profit drops

Digi Communications, the parent company of RCS & RDS, had consolidated revenues of 1.03 billion Euro in 2018, up by 13.3 percent from 2017. Adjusted EBITDA was 324.6 million Euro, including the results of Invitel (Hungary), with a 12.9 percent year-to-year growth, according to a statement by the company.

In total, in all the four countries where it operates (Romania, Hungary, Spain and Italy), the group had a growth in revenue generating units (RGU) of over 1.7 million, including those from Invitel in Hungary. In 12 months, the company reached 14.9 RGUs, compared to 13 million RGU it had at the end of 2017, Business Review reads.

In Romania, the group saw growth in cable and fixed internet services, with a 5.6 percent growth in RGUs for pay-TV (reaching 3.8 million RGUs) and an 8.7 percent growth in RGUs for fixed internet (2.5 million).

The company’s net profit dropped from 62 million Euro in 2017 to 21.3 million Euro in 2018.