Eircom revenues decrease by 6%

Eircom’s revenues fell by 6%, year-on-year, in the first nine months of its current financial year, with underlying earnings down by 1%.

The former State-owned telecommunications group — which last month announced it was actively exploring strategic options for its future ownership structure — yesterday reported underlying EBITDA (earnings before interest, tax, depreciation and amortisation) of €119 million for its third quarter; the three months to the end of March. This was flat when measured on a year-on-year basis, but the nine-month earnings figure of €352m marked a 1% annualised dip.

Third quarter revenue was down by 5%, year-on-year, at €315m (with prior year comparisons altered to allow for the sale of the Phonewatch business); with the nine-month revenue falling by 6% to €972m.