Vodafone, no. 2 on the Romanian mobile telephony market, posteda 396 million-euro EBITDA in the fiscal year ended 31st of March,down over 25% against the previous year, while overall revenueswere 21% lower, at 921.5 million euros.
"The difficult economic context, the continued decline ofconsumption, as well as the increased competitiveness of theRomanian telecommunications market were the main factors behind ourresults," said Liliana Solomon, CEO of Vodafone Romania. Vodafone'soperating income, however, remained at 43% of the revenues, saysSolomon. "We managed to keep the profitability of our servicerevenues high thanks to the company's efficiency-orientedprogrammes. EBITDA as a percentage of service revenues fell by only3% year-on-year, which is a major achievement."
Vodafone Romania's new clients in the 2009/2010 fiscal yearamounted to 142,000, bringing the overall number to 9.73 million onthe 31st of March 2010. The operator boosted its customer base by1% against 2008/2009.
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