Netia revises FY sales guidance on slow market growth

Polish internet service provider (ISP) Netia has announced it generated revenue of PLN1.08 billion (USD332 million) in the first six months of 2012, an increase of 35% year-on-year, with Dialog Group and Crowley Data Poland, which were acquired by Netia in December 2011, contributing sales of PLN247.5 million and PLN45.7 million, respectively. Netia posted Q2 2012 revenue of PLN536.5 million, a fall of 1% over the previous quarter, but up 35% compared to 2Q11; the operator said it has cut its 2012 sales target from PLN2.185 million to PLN2.125 billion, due to ‘slow market growth and generally difficult trading conditions on the residential market’. Meanwhile, earnings before interest, tax, depreciation and amortisation (EBITDA) totalled PLN259 million for the first half of 2012, an increase of 36% year-on-year, and stood at PLN134.9 million for the second quarter of the year

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OVETEL Netia revises FY sales guidance on slow market growth