April 28 (SeeNews) - Telekom Austria Group said its Serbian unit Vip Mobile recorded an 11.7% annual drop in first quarter EBITDA (earnings before interest, taxes, depreciation and amortisation) to 9.4 million euro ($10.7 million) as a solid growth in revenue was more than offset by higher costs.
Vip Mobile's EBITDA margin fell to 18% in January-March from 23% a year earlier, Telekom Austria said in a statement late on Wednesday.
Its total revenues rose 12.7% on the year to 52.3 million euro on the back of higher service and equipment revenues.
Total costs rose 20% due to higher interconnection expenses following the introduction of national termination rates for SMS in June 2015.
Details follow (in millions of euro):
| |
Q1 2016 |
Q1 2015 |
pct change |
Total
revenues |
52.3 |
46.4 |
+12.7 |
Capital
expenditures |
3.7 |
15.5 |
-76.3 |
| EBITDA |
9.4 |
10.7 |
-11.7 |
| EBITDA margin |
18% |
23% |
|
Vip Mobile's main competitors are Norway's Telenor and state-owned MTS.
($=0.8808 euro)