Vodafone Romania posts revenues of EUR 835.6mln in financial year 2010/2011

Newsroom 17/05/2011 | 13:25

Vodafone Romania posted revenues of EUR 835.6 million in the financial year 2010/2011, ended March 31, which represented a decrease of 3.9 percent as compared to the same quarter last year and 9.3 percent on a full year basis.

The operator registered a total of 9,196,742 customers at the end of the financial year 2010/2011, corresponding to a decrease of 533.000 customers as compared to same period previous year. “The drop in customer base resulted from the disconnections of the inactive prepaid SIMs and a restatement of the base due to the application of new reporting standards,” according to the company’s official statement.

Postpaid customers accounted for 37 percent and prepaid for 63 percent of Vodafone Romania’s total customer base.

Mobile ARPU (Average Revenue per User) was EUR 6.5 for the financial year ended March 31, 2011, and EUR 6.1 for the quarter ended March 31, 2011.

Service revenue reached EUR 797.2 million at March 31, 2011, which represented a decrease of 6.6 percent as compared to same quarter last year, and a drop of 10.6 percent

on a full year basis.

EBITDA was EUR 305.6 million for the financial year 2010/ 2011, which represents a 22.8 percent year on year decrease, while the EBITDA margin was 36.6 percent.

“This financial year, the operational profit was impacted by the Competition Council fine applied to Vodafone Romania,” according to the company’s official statement.

Vodafone received a fine of EUR 28.3 million in February from the Competition Council for abuse of dominant position. Vodafone was not the only one to receive a fine as its main competitor, Orange, was also fined with EUR 34.8 million.