Hellenic Telecommunications Organization SA announced audited consolidated financial results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues of €1,045.4 million against €1,180.2 million for the same period of last year. Operating income before financial activities was €153.4 million against €196.8 million for the same period of last year. Profit before income taxes was €148.2 million against €357.7 million for the same period of last year. Profit for the period attributable to owners of the parent was €167.5 million against €308.1 million for the same period of last year. Net cash provided by operating activities was €256.6 million against €234.2 million for the same period of last year. Purchase of property, plant and equipment and intangible assets was €102.8 million against €118.5 million for the same period of last year. EBITDA was €176.6 million against €217.1 million for the same period of last year. Pro Forma EBITDA was €176.6 million against €217.1 million for the same period of last year. Adjusted capex was €102.8 million against €117.5 million a year ago. Adjusted net operating cash flow was €260.9 million against €243.3 million a year ago. CapEx was down more than 15% in the first quarter to below €117 million or almost 10% of sales, namely 9.8%. As of March 31, 2013, group net debt was just over €2.7 billion, down nearly €150 million in the quarter and almost €600 million from one year ago. The group’s underlying net debt was reduced by another €146 million in the quarter, down to €2.7 billion.

Hellenic Telecommunications Organization SA, Q1 2013 Earnings Call, May 08, 2013

Hellenic Telecommunications Organization SA announced that they will report Q1, 2013 results on May 08, 2013