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TIRANA (Albania), February 22 (SeeNews) – Telekom Albania, a unit of Greek wireless operator Cosmote, posted a 45.8% yearly drop in 2017 adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA), to 8.8 million euro ($10.8 million), Cosmote's parent OTE said on Thursday.
In the fourth quarter of 2017 alone, the adjusted EBITDA of Telekom Albania increased 13.3% year-on-year to 3.4 million euro, driven by lower direct expenses, OTE said in its Q4 2017 financial report.
Telekom Albania's revenue totalled 68.1 million euro in 2017, down from 77.2 million euro in 2016.
In the fourth quarter of 2017 alone, the company recorded a revenue of 72.2 million euro, unchanged compared to the same period of the previous year.
Adjusted EBITDA margin fell to 12.9% in 2017 from 20.9% in the previous year, while in the fourth quarter it increased to 19.8% from 17.4% in the same period in 2016
Telekom Albania Mobile’s total customer base increased by 5.5% on the year to 1.839 million as of end-December.
Telekom Albania, which operated as Albanian Mobile Communications (AMC) until July 2015, has been part of Cosmote since 2000.