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Vodafone revenues down 12% to 425m euros

Autor: Adrian Seceleanu

09.11.2010, 23:10 16

Overall revenues of Vodafone Romania fell by 12.4% in the firsthalf of fiscal year 2010-2011 ended on September 30th, to 425.7million euros, with the EBITDA down by 20.5%, to 177.1 millioneuros. The company posted 486 million euros in revenues and anEBITDA of 223 million euros in the similar period of last year,according to previous reports.
Service revenues fell by 13% to 411 million euros. Vodafone did notprovide details on revenue progression between July and September.The company sent a release with the progression of the mainperformance indicators, without adding any details on theprogression of revenues, of the number of clients or of themarket.
Spanish manager Inaki Berroeta is to take over at the helm ofVodafone Romania after Liliana Solomon, who has been CEO since2005, ends her term. She will take over as Director of Operationsfor the Europe Region of Vodafone at the company's Londonheadquarters as of December 1st.

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