OTE's revenue fall by 1.3 pct in 2020; Greek market rebounds in 4Q

EconomyCorporates Tags: Corporates, Results
Photo via www.cosmote.gr
Photo via www.cosmote.gr

Specifically, revenue came to 3.26 billion euros from 3.3 billion a year earlier. On a quarterly basis, for the fourth quarter (Q4) of 2020, revenue showed a drop of 2.3 percent to 849.1 million euros. 

Adjusted EBITDA fell by 0.5 percent in the aggregate period from 1.22 billion to 1.23 billion. OTE noted that the results were solid given the unprecedented economic environment, and that Greece was back to revenue growth of 2.9 percent in Q4. 

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