Eircom sees revenues, costs fall in last quarter

Friday 29 November 2013 12.48
Eircom saw revenues fall after a decline in its fixed line business
Eircom saw revenues fall after a decline in its fixed line business

Eircom’s earnings have fallen slightly in the last quarter, according to the group’s latest results, while revenue was 9% lower than in the same three months of 2012.

However the company’s operating costs were also down in the three months, falling 13% compared to the same quarter of last year.

Eircom’s earnings before interest, tax, deductions and other costs were €119 million between July and August, €1 million lower than in 2012.

Meanwhile the group’s revenue fell €32 million to €323 million, led by a continued decline in the company’s fixed line telecoms business.

This was largely compensated for by a €31 million fall in operating costs, which stood at €204 million during the quarter.

Eircom CEO Herb Hribar said the results demonstrated “continued stabilisation” in the company’s bottom line.

“However, given the continued competitive intensity, significant challenges remain in our turnaround plans for both consumer and business units.” 

Alongside its quarterly results, Eircom announced that it would rolling out its fibre broadband product to an extra 200,000 homes, making it available to 1.4 million households in total.