Orange Austria Improves Profitability

CompaniesTelecoms ♦ Published: October 17, 2012; 19:25 ♦ (Vindobona)

The third-largest Austrian telecommunication operator records a decrease in revenues. Net income was up, however.

Orange Austria Improves Profitability / Picture: ©

“The first nine months were highly satisfying for Orange.” CEO Michael Krammer comments. In the first three quarters of 2012, revenues declined by 4.0% compared to the reference period of 2011. In total, Orange´s revenues came at € 361.7m.

According to Orange´s management, the decrease in revenues corresponds to the market development. Orange´s EBITDA was up by 8% to €…