A1 Bulgaria's EBIT grows 11.6% in 2020, revenue up 5.7%

A1 Bulgaria's EBIT grows 11.6% in 2020, revenue up 5.7%

A1 Telekom Austria Group said that its Bulgarian unit grew its earnings before interest and taxes (EBIT) by 11.6% year-on-year to 74.6 million euro ($90.4 million) in 2020, on the back of a rise in revenue.

A1 Bulgaria's earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by an annual 7.3% to 192.4 million euro last year, A1 Telekom Austria Group said in an annual financial statement on Tuesday.

The company's revenue increased by 5.7% to 513.8 million euro in 2020, with service revenue adding 6.3% to 402.3 million euro.

The rise in service revenue was driven by an 11.4% increase in fixed-line service revenue, which came in at 131.3 million euro last year. Mobile service revenue totalled 271 million euro, up 4%.

Capital expenditure in Bulgaria dropped 27.2% to 57.2 million euro in 2020, the group said.

A1 Bulgaria's wireless subscribers decreased to 3.75 million at the end of 2020, down 1.9% year-on-year.

In the fourth quarter alone, A1 Bulgaria's EBIT grew 25.6% to 16.8 million euro, despite a 0.6% decrease in revenue to 136.9 million euro.

A1 Bulgaria competes with Bulgarian Telecommunications Company (BTC), which operates under the brand name Vivacom, and Telenor Bulgaria, owned by Dutch-registered investment group PPF.

Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.